The Complete Guide to Supply and Demand in Forex Supply and Demand Forex – The driving force behind changes in price is supply and demand. When there are more buyers than sellers, the market price will move up. Conversely, when there are more sellers than buyers, the market price will move down. When buyers and […]
Taking a Forex Loss Stick with us here as we tell you something that might not be the most popular idea amongst traders. In fact, it might even strike many of you as counterintuitive. Ready for it? Here goes – a forex loss is not a failure as long as it is incurred according to […]
Margin vs Leverage Are you looking to enter the world of forex? Everyone is enthusiastic about forex these days, but many people are losing a lot of money because of the high leverage. For all newcomers, forex leverage and margin might be puzzling, and we’re here to help! In this guide, we’ll explain what leverage […]
Read and listen to psychology books to gain the knowledge you need to succeed. That’s Richard Advice. Richard C, 39 years old, From Ireland. Richard is now one of The5ers funded traders and is trading with two $80K low-risk funded accounts, and one $160K low-risk account on our platform. He manages a total of $320k. […]
Black Box Trading Once a luxury reserved only for heavy hitters, black-box trading is now available to just about anyone looking to gain an edge in their trading. Advances in technology have led to cheaper and faster solutions, opening up this once exclusive tool to all. For every event that you witness on the market, […]
Trade Deficit You may have heard economists saying, “We need to get our trade deficit back on track.” They are not wrong, the effects of trade deficit can reach a nation’s overall economy and its currency. So, let’s find out what is a trade deficit is and how it can impact the currency market. What […]
Once you have enough data on the strategy make sure to optimize and work on entries, stops, targets, and psychology during trades. That’s Kieran Advice. Kieran J, 26 years old, From England. Kieran has just successfully passed our Level 1. He is now one of The5ers funded traders and is trading with a 40K low-risk […]
Stochastic Oscillator Indicator Forex is a very exciting platform for trading for both traders and investors. However, just like every market, forex has its own risks. That’s why forex traders love indicators, which help them to read the market and enter & exit positions. In this article, we will explain about the stochastic oscillator indicator and […]
Don’t treat a losing trade as a failure, But accept it as part of trading. That’s Gavin’s Advice. Gavin K, 51 years old, From the United Kingdom. Gavin has just successfully passed our Level 1. He is now one of The5ers funded traders and is trading with an 80K low-risk funded account on our platform. […]
Forex Day Trading vs Swing Trading If you’re thinking of getting into trading but don’t know which path to take, don’t fret, we’re here to help. When we take a look at most active traders, we see them grouped into one of these two categories, day or swing. And while there are some similarities between […]
Cross Currency Pairs In forex, cross-currency pairs refer to currencies traded directly with each other, or they can be used to pair currencies to trade against each other. Through cross-exchange transactions, one can directly convert the money into desired currency now. For instance: you can cross-exchange Euros directly with yens without linking initial US dollar […]
Limit your risk to reduce prolonged periods of drawdown. That’s Navid Advice. Navid A, 35 years old, From Turkey. Navid has just successfully passed our Level 1. He is now one of The5ers funded traders and is trading with a 24K low-risk funded account on our platform. His next mission is to reach 10% of […]
Use These Attributes to Grow and Enhance Your Day Trading Career It may seem as if developing a career in forex day trading is about finding a strategy, practicing it regularly, and making bundles of money. Yes, it is about that. But, where are our characteristics on that list? To become a successful day trader, […]
Retail Sales Effect on Forex Would you like to know how retail sales affect the financial markets, especially forex? In what way can these reports benefit your trading? Forex market attention is constantly drawn to retail sales data releases at almost all major currencies. In fact, the Forex market is considered one of the world’s […]
Block out the noise of everyone and everything else, and make peace with your fear and greed. That’s Nicholas Advice. Nicholas C, 34 years old, from the United States. Nicholas successfully passed 3 levels and he is now one of The5ers summer plan funded traders and is trading with a 100K account on our platform. […]
You’ve likely spent countless hours studying charts, backtesting strategies, and honing what you believe is a winning Forex trading system. But have you ever wondered why, despite all that preparation, your trades sometimes don’t play out as expected?— The answer often lies not in the setup itself but in the crucial element of Forex trade […]
How does GDP affect currency? You may have seen economists and policy analysts on TV discussing the size of an economy. Most of the time, experts are referring to the most important indicator of economic growth and size: Gross Domestic Product, aka GDP. But why should you care about GDP as a forex trader? Does it affect […]
If you don’t want to secure a mentor, then make sure you attend the5ers free daily live trading room. That’s Caroline’s Advice. Caroline M, 50 years old, From The Netherlands. Caroline M, the author of the famous book “Proven forex trading money making strategy.”, has just successfully passed our Level 1. He is now one […]
Shooting Star Candlestick Pattern A Shooting Star is a single candle Japanese Candlestick pattern that is formed in price charts. The pattern is a BEARISH candlestick pattern and is independently tradeable. It provides the forex traders with the best entry point, stop loss and take profit points. Moreover, the pattern is easy to identify and […]
There is no sense in trading large amounts if you can not even be profitable when trading with small amounts. That’s Eric Advice. Eric O, 55 years old, From The Netherlands. Eric has just successfully passed our Level 1. He is now one of The5ers funded traders and is trading with a 40K low-risk funded […]
Forex interest rate Do you know that the interest rate decision can make a forex pair go wild? The interest rate on a currency is arguably the most important element in influencing its actual worth. So understanding how a country’s central bank makes monetary policy decisions, such as interest rate, is important. Well, let’s dig […]
Letting the loss affect the next position is a slippery slope, which is why a trader’s plan is so fundamentally crucial. That’s Joshua Advice. Joshua W, 29 years old, From the United Kingdom. Joshua has just successfully passed our Level 1. He is now one of The5ers funded traders and is trading with an 80K […]
Forex and CPI As a trader, you have plenty of trading tools at your disposal. From technical indicators to economic yardsticks, you got it all. One such tool is the forex CPI. In this guide, we are going to hone in on what is CPI and how it affects the forex market. What is […]
Learn how to become an algorithmic trader without knowing anything about programming Learn how an individual trader could become an algorithmic trader without knowing anything about programming. With the correct tools, you will be able to generate a diversified portfolio of trading systems that are 100% automated. Ramón Ruiz is an algorithmic trader since 2014 […]
