Trading Articles

Read all the articles related to forex trading and binary options trading. Our forex articles help both new traders as well as experienced traders to help improve your trades. Our articles are focused on forex as well as binary options trading. The forex articles section is updated every week, so keep checking for new articles.

Understanding Forex Position Scaling or Lot Scaling

Understanding Forex Position Scaling or Lot Scaling

Trading Articles
Forex lot scaling or position scaling is an advanced concept in position management, often used by experienced traders. Falling under the purview of risk management, there are two kinds of scaling. Scaling In and Scaling Out. In this article, we'll explain what is forex scaling or position scaling, the concepts behind this and also touch upon the risks of this trading style. Forex scaling is nothing to do with a trading analysis, but usually comes after and is to do with 'managing your trade' or 'risk exposure' Scaling In is when a trader adds positions to their trades, or in other words, adds new trades at key price levels. Scaling Out is the opposite, where in a trader takes profits at key price levels. Ideally you can scale out when you have either scaled into your trades or...
Introduction to MQL5 Trading Signals

Introduction to MQL5 Trading Signals

Trading Articles
The MQL5.com trading signals service is a proprietary service offered by MetaQuotes Software Corp and addresses one of most critical element that is often manipulated by third-party forex signals services, which is transparency. With the ability to connect a signal provider's MT4 or MT5 terminal, other users who wish to make use of the forex signals service from MQL5.com simply need to register an account for free, connect their MT4 and choose one of the many forex signal providers listed on the site. MQL5 Trading Signals Service For those who have any experience of using a forex signals service often might have come across signal providers who tend to manipulate the losing trades by either reducing the number of pips lost in a trade or completely mask such losing trades in order to p
How to choose a forex signals service

How to choose a forex signals service

Trading Articles
Forex signals, in the most basic terms are buy and sell signals sent to traders from the signals provider. The advantage with forex signals is that for those who are constrained by time, forex signals are a great way to enter/exit the markets and to make considerable profits without having to invest too much of time upfront. There are so many forex signals service providers now a days that at times it tends to confuse the trader as to which forex signals provider to choose. This article aims to help the reader in doing some basic research before signing up for a forex signals provider and also gives a few recommendations on some tried and tested forex signals service providers. Do most forex signals work? The answer is highly subjective and varies as per different criteria and paramet...
Getting started with trading exotic currency pairs

Getting started with trading exotic currency pairs

Trading Articles
The forex markets are pretty much dominated by the major currency pairs, EURUSD leading the lot. However, there is a little/lesser known aspect of forex trading that is usually overshadowed by the majors.. and for a reason. Before you get started with trading exotic currency pairs, you need to first understand the differences between the major currency pairs and the exotic currency pairs. In the following sections of the article, we give a primer on exotic currency pairs and the pros and cons of trading exotic currencies. Major Currencies in Forex The USD, EUR, GBP, CHF, CAD, AUD, NZD, JPY are the major currencies in forex. The reason they are called as major currency pairs is because of the high liquidity they posses, or in other words, high level of trading activity. High vol...

Trading Exotic Currencies – ZAR

Trading Articles
In the forex market, everyone pays attention to the major currencies and very little attention is paid to some of the exciting minor currency pairs that are capable of delivering good profits. These currencies, also known as the exotic currencies, are an example of how good things can be found in hidden places. We shall pick a currency of one of the BRICS member countries, which is the South African Rand (ZAR), and study it’s pairing with the US Dollar to see how it can be traded for profit. Trading the South African Rand (ZAR) A general principle that is found with the exotic currencies is that fundamentally, they tend to follow correlations. South Africa has one of the largest gold deposits in the world and the South African Rand therefore has a positive correlation with the price of g