Choosing the right trading account is one of the most important decisions every trader must make when starting their journey in the forex market. There are various types of trading accounts available, each with its own unique features. To make the best choice, you need to understand the different types of forex accounts and their…
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Win rate in Forex refers to the percentage of trades that a trader successfully completes compared to their total number of trades. This metric indicates how many of the executed trades have been closed with a profit. However, win rate alone is not an accurate measure of success in the Forex market, as it does…
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A Forex statement is a report detailing a trader’s trading performance over a specific period, including the details of all transactions made in the trading account. This report can be used for performance evaluation, capital management, and presentation to investors or brokerage firms. Having a professional trading statement reflects the transparency and ability of a…
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Trading in Forex is an exciting opportunity to earn income, but achieving success in this market requires in-depth knowledge, analytical skills, and an effective trading strategy. In this comprehensive guide, we will explore all the key aspects of becoming a professional trader. From risk management principles and emotional control to technical analysis and utilizing advanced…
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To enter the Forex market, traders need a financial intermediary known as a broker or Forex broker. Choosing a reliable and trustworthy broker is one of the key factors in achieving success in trading. In this article, we aim to explore the topic of the best Forex brokers in the world. XM Broker Founded in…
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As you may know, the Forex market is the largest financial market in the world, with a daily turnover of trillions of dollars. Due to the numerous attractions of this market, traders enter this highly volatile market even with a small amount of capital, sometimes trading without being aware of the risks of Forex. In…
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To succeed in the volatile Forex market, mastering technical analysis, fundamental analysis, risk management, and market psychology is essential for every trader. One of the best ways to learn Forex trading is by studying reputable educational books. In this article, we will review some of the most effective and helpful books that can guide traders…
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A gap in Forex is one of the common phenomena in financial markets, occurring due to sudden price changes and the absence of trades between two price levels. This phenomenon happens when the opening price of a candlestick significantly differs from the closing price of the previous candlestick. Gaps often form under conditions such as…
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The Forex market, with its high trading volume, provides excellent opportunities for traders. However, to achieve consistent profitability, having a well defined and effective trading strategy is essential. In this article, we will provide a comprehensive analysis of a suitable forex trading strategy and how it can be effectively applied. What is a Forex Trading…
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Back testing is an analytical process in financial trading that allows traders to test their strategies using historical market data. This method helps evaluate a strategy’s performance under real market conditions and enables optimization before actual execution. By utilizing backtesting, traders can assess the effectiveness of their trading methods, identify strengths and weaknesses, and minimize…
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