Trading Tips

Best Timeframe to Trade in Forex

“What is the best timeframe to trade in Forex?” Isn’t that the question that many traders, especially the novices have asked themselves? When MT4, with just nine timeframes, was the only available trading platform for Forex retail traders, this question needed an answer. And with newer trading platforms with more timeframes today, answering this question is even more important.

How to Trade Forex Like Banks Do

The majority of Forex traders are you and I; retail traders. We make up over 90% of all traders. The remaining 10% (or less) are smart money traders, such as banks. Smart money traders make the largest and most consistent profits between these two categories of traders. They are profitable 90% of the time. But retail traders lose money over 90% of the time.

Is There a Best Day to Trade Forex?

Most people know that Forex is the most traded, most liquid and most open market in the world. The foreign exchange market is tradeable twenty-four hours a day, five days a week. High availability is one of the most attractive features of trading in Forex. An abundance of opportunities exists in a market that is always open for business.

What is the Best Leverage in Forex

Selecting the most appropriate amount of leverage for your Forex trading account is an important consideration that needs your full attention. When you are transitioning from demo trading to real trading, leverage is something you may have overlooked so far. While practicing on your demo account, most traders are purely focused on trading, improving their skills, enhancing their understanding and developing a strategy. Forex leverage plays an important role in your trading strategy.

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