In order to successfully trade on the forex marketplace, it's important to first understand the basics. From selecting the best forex broker and trading platform to applying leverage and calculating pips, there are a variety of topics to get familiar with and study. FXCM's forex basics has everything you need to get started trading currencies from an informed, confident perspective.
Every discipline has a language of its own. Forex trading is no different, with traders, investors and brokers all sharing a unique nomenclature. If you're not familiar with phrases such as arbitrage and CFD trading, don't worry―the FXCM Forex Terms portal can help you get up to speed in no time.
The financial dictionary defines a trading strategy as being "a disciplined method of buying and selling assets." Thus, a forex strategy furnishes the trader with a rules-based means of crafting astute currency trading decisions. Read on to learn more about indicators, day trading and some of the very best forex trading strategies.
For technical traders, the pricing chart is a window to the marketplace. In the FXCM Chart Analysis educational suite, we cover some of the most important elements of technical trading. You'll find a wide variety of topics, including Japanese candlesticks, Bollinger Band functionality and chart pattern analysis.
In the contemporary forex marketplace, technical analysis is the primary methodology for legions of active traders. The study of price action―past and present―is the backbone of countless successful trading strategies. Whether you implement Fibonacci levels or moving averages, technical analysis can be an invaluable way to promote discipline and consistency in the marketplace.
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