Pairs
Forex Basics
What is Forex Trading?
The Official Definition: Forex (foreign exchange) trading is the simultaneous buying of one currency and selling of another for the purpose of profiting from the change in exchange rates between those two currencies. But what does that actually mean in plain English? Let’s break it down with a concrete example: Real-World Scenario: It’s Monday morning, […]
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- 8 months ago
Forex Basics
Understanding Currency Pairs – The Foundation of Forex Trading
What Exactly IS a Currency Pair? The Core Concept The Fundamental Truth About Forex: You cannot trade a single currency in isolation. It’s physically impossible in the forex market. Here’s why: Imagine walking into a store and saying “I want to buy Dollars.” The clerk would ask: “With what? What are you paying?” “Uh… money?” […]
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- 8 months ago
Forex Basics
Pips, Lots, and Leverage Explained – The Mathematics of Forex Trading
What is a Pip? The Complete, Non-Textbook Explanation The Textbook Definition (Memorize This): A pip (percentage in point, or price interest point) is the smallest price movement in a currency pair, typically the fourth decimal place (0.0001) for most pairs, or the second decimal place (0.01) for Japanese Yen pairs. That definition is technically correct […]
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- 8 months ago
Forex Basics
Candlestick Basics – The Language of Price Action
What Candlesticks Actually Show (Beyond the Textbook Definition) The Textbook Says: “A candlestick shows four price points: Open, High, Low, and Close (OHLC) for a specific time period.” That’s technically true and practically useless. Here’s what candlesticks REALLY show: Candlesticks are a visual representation of the battle between buyers and sellers during a specific time […]
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- 8 months ago
Forex Basics
Risk Management in Forex – The 1% Rule That Saves Accounts
The Mathematics of Survival – Why Most Traders Fail The Asymmetry of Losses (The Math That Destroys Accounts) Here’s a mathematical truth that will change how you think about trading: Losses and gains are NOT symmetrical. Let me prove it: Scenario 1: The “Small” 10% Loss Starting account: $10,000 Lose 10%: $1,000 loss New balance: […]
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- 8 months ago
Forex Basics
Best Trading Sessions – When to Trade for Maximum Profit
Understanding the 24-Hour Forex Market Why Forex Trades 24/5 (And What That Really Means) The unique nature of forex: Unlike stocks (9:30 AM – 4 PM EST only), forex markets are open 24 hours a day, 5 days a week. Why? Forex is a decentralized global market. There’s no single exchange like the NYSE. Instead, […]
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- 8 months ago
Market Analysis
How a Trader Earned $10,000 with FXzone in 3 Months
Nation and dislike men who are so that beguiled and demoralized welcomed every pains avoided frequently occur that pleasures indignation and dislike men who are so beguiled by the charms of pleasure of the moment, so blinded by desire, that they cannot foresee the pain trouble that are bound to ensue and equal blame belongs […]
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- 8 months ago
Market Analysis
Top 10 Forex Trading Strategies for Consistent Profits
Nation and dislike men who are so that beguiled and demoralized welcomed every pains avoided frequently occur that pleasures indignation and dislike men who are so beguiled by the charms of pleasure of the moment, so blinded by desire, that they cannot foresee the pain trouble that are bound to ensue and equal blame belongs […]
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- 8 months ago
Forex Basics
Building a Forex Trading Plan That Actually Works
November 2024. Ryan, a 35-year-old software developer from Austin, had been trading forex for 18 months. He’d read 12 books on trading. Watched hundreds of YouTube videos. Taken three online courses. Spent $4,500 on education. His account balance? Down 34% overall. During our coaching session, I asked him a simple question: “Can I see your […]
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- 8 months ago
Forex Basics
Technical Indicators That Actually Work
The Truth About Indicators What Indicators Actually Are The mathematical reality: Indicators are mathematical calculations based on past price data. That’s it. Nothing magical. Just math. Example: All indicators: The Fundamental Problem with Indicators Indicators are LAGGING by nature. They tell you what already happened, not what will happen. Example visualization: This is why: So Why Use Indicators […]
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- 8 months ago