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  Fundamental or Technical Analysis? Forex trading can be majorly analyzed either using fundamental or Technical analysis.  News and Fundamental Analysis When it comes to trading, whether it be Forex, Stocks, or Daffodils, most traders have a plan that they base their particular trading method on. With Forex trading, the majority of small retail traders like you and I would probably use some sort of technical analysis, which is trading off the charts, using whatever indicators, patterns, or setups you choose. Or you may even just wing it and trade without anything on the charts. Still a method for some I guess. Then some traders will ignore the charts and trade-off around major news releases, which is the fundamental side of trading. I have already touched on this above, but I’ll go over it again. Some traders use this as their sole method of trading the forex market. Here we are trading based on a theory on how you think the market will react to a particular news item like an...

    FOREX TRADING AND THE RISK-REWARD  Let's say  I have $2,235 in my trading account, and I am happy to risk 2% on each trade. I'm in my broker’s account looking at their charts and I see a nice setup on the EUR/USD where I am looking at buying at 1.3928. I am going to place my stop (stop loss) 30 pips below at 1.3898. So my risk on this trade is 30 pips. Now I need to know what my position size will be, where I am risking no more than 2% of my overall account balance of $2,235. This equates to $44.70. The easy way to work this out is by using the following: Account Balance multiplied by risk percentage, divided by risk (stop size in pips), equals position size. In this trade, the math would look something like this: $2,235 x 2% = $44.70 $44.70 / 30 pips = 1.49 Therefore my position size in this trade would be 1.49 mini lots (0.149 lots). You would have to round this down to either 1 mini lot (0.1 lot), or 1.4 mini lots (0.14 lots) if your platform allows this tradi...

  How Do You Trade Forex?       To trade forex, many things should be put into consideration. I will try to explain it in steps.  It may seem a little confusing at first but really, it is quite simple. Forex is a leveraged financial instrument, as are Options, Futures, CFDs, Warrants etc. So this is nothing new. You trade Forex in 'lots'. That is the industry standard, but there are brokers out there that do things slightly differently. For example, Oanda trades in 'units', but they can be easily converted to a lot size equivalent. Lots are known by different names, depending on how much currency they represent. There is a standard lot, a mini lot, and a micro lot: One standard lot 100,000 units of the base currency and is normally expressed as a 1.0 lot One mini lot 10,000 units of the base currency and is normally expressed as a 0.1 lot One micro lot 1,000 units of the base currency and is normally expressed as a 0.01 lot How many lots you can buy or sell...

 By and large, the most run-of-the-mill Bitcoin client was a capable young fellow in his late 20's or mid 30's who have freedom advocate political leanings. The allure is self-evident: Bitcoin requests the well-informed, it is something new that is intriguing, and it has political ramifications that incline toward less government command over society. In any case, this profile of a cliché Bitcoin client is starting to separate as more individuals are keen on Bitcoin only for its business benefits. The story of Bitcoin in 2013 has been the business intrigues that are beginning to take Bitcoin truly. PayPal Chief John Donahoe stood out as truly newsworthy when in May he told the Money Road Diary, "It's another troublesome innovation, thus, no doubt, we're checking Bitcoin out intently. There might be ways of empowering it inside PayPal." Peter Thiel's Originators Reserve put $2 million in the Bitcoin organization BitPay. Fred Wilson of Association Square End...

   What is Bitcoin? When people say “Bitcoin” they are referring to one of two things. Which I will explain now. 1. A digital currency. 2. A payment system used for sending and receiving money online. Typically the term is used to apply to the currency itself, but the payment system is every bit as important as the currency? Let me explain both...  Bitcoin as a Currency(digital) Bitcoin is a digital, decentralized, peer-to-peer, pseudonymous currency based on cryptography. If that sentence made no sense to you, don’t worry - I’ll break it down for you. Digital – Bitcoins exist only as code, they do not exist as anything   Peer to Peer – You control your Bitcoin, and when you send Bitcoin to someone else, it goes directly to them. There are no banks or middlemen. Pseudonymous – While all Bitcoin transactions are publically viewable in an open ledger called the Blockchain (we’ll get to that later), the sender and receiver are only known as a string of numbers and ...

 Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.    What is cryptocurrency? Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.  Cryptocurrency received its name because it is used encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. T...

  Most people were confused about the meaning of cryptocurrency termed crypto. We should asked yourself   WHAT. IS CRYPTOCURRENCY?  Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.    One thing we need to know is that Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.  Cryptocurrency received its name because it is used encryp...