Best 3 ways to profit on forex - ForexLive

Best 3 ways to profit on forex - ForexLive
Forex Vs. Cryptocurrency In 2020: Are Forex Traders Leaving In Favor Of Crypto? - Benzinga
Making Money By Forex Trading - The FINANCIAL
Should You Trade Forex? Take Our Quiz And Explore Our Guide For 2020 - Benzinga

Posted: 21 Sep 2020 03:14 AM PDT

[unable to retrieve full-text content]Best 3 ways to profit on forex ForexLive

Forex Vs. Cryptocurrency In 2020: Are Forex Traders Leaving In Favor Of Crypto? - Benzinga

Posted: 25 Sep 2020 05:20 AM PDT

Forex, or foreign exchange, is the marketplace for the world's currencies. This week, our data researchers asked over 200 active forex traders if they felt their portfolio would be better served by making the switch over to crypto, in favor of continuing to trade forex.

We also asked which events forex traders believe influence their trading behaviors the most.

The following are the results for this week's study.

Decision Making In Trading

Which of the following influences your trading decisions the most?

Economic Events: 39.1%
Financial Data Releases: 23.2%
Technical Analysis: 32.9%
Broker Education: 4.8%

In this week's report, economic events (39.1%) and technical analysis (32.9%) were cited as the two most impactful reasons influencing how and when traders make decisions.

Meanwhile, one in four traders see financial data releases as the most influential vehicle in their decision-making. Broker education (4.8%) lagged behind in our polling, and our surveying revealed educational tools provided by brokers are not necessarily the most influential decision-making vehicles for traders.

Forex Vs. Cryptocurrency

Are you considering leaving forex trading in favor of cryptocurrencies?

Yes: 27.6%
No: 72.4%

Overwhelmingly, three out of four forex traders told us they're not currently considering making a switch from forex to the world of crypto.

On the other hand, one in four respondents are indeed actively considering making the switch over to trading cryptocurrencies.

One commonality traders often cite between forex and crypto- the ability to trade over weekends. Forex opens at 5 p.m. ET on Sunday and remains open until 4 p.m. ET Friday. Crypto on the other hand trades 24 hours, seven days a week.

But just because forex and crypto may be traded over the weekend, doesn't mean all trading hours offer equal opportunities. Know that building a schedule is key to preserving your decision-making abilities when trading forex.

For example, your most optimal trading time may take into account any of the following:

What time each market is open
When markets overlap for the currency or currencies you trade
When important news announcements are made

How To Trade Forex 2020

Are you deciding whether trading FOREX makes sense for your portfolio? We're here to help.

If you're interested in making the most of your Forex trading experience, our guides can help forex traders learn more about the best time to trade forex, the best forex indicators as well as the best free forex charts.

Making Money By Forex Trading - The FINANCIAL

Posted: 26 Sep 2020 03:21 AM PDT

There is no denying that COVID-19 has had a grave impact financially around the world. A lot of people are looking for extra income streams, and one option that is definitely a possibility is trading. However, trading is not something you can learn overnight. If you rush into the process without any care or consideration, you could end up costing yourself a lot of money, and that is the last thing that anyone needs right now. With that in mind, continue reading to discover more about how to learn to trade Forex successfully.

Learning To Trade Forex

You want to deal in foreign exchange currency, one of the most accessible financial markets there is; and learning the basics is quite simple. However, the basics will only take you so far and could lead to trial and error style trading. Choosing the right Forex trader training can take the guesswork out of the process.

When choosing to learn how to trade Forex you need to consider a wide range of elements including the amount you want to spend and what you expect to get out of your education. The most beneficial Forex trading programs will take you beyond a simplistic perception of how the exchange operates and will rather focus on educating you on how to follow the actions of other traders.

This is significant because it will prevent you from performing the most basic trading error; following the pack. Centering your tactics on copying what the bulk of traders are doing, simply because they are doing it, is the easiest route to losing the funds in your trading account.

By becoming proficient at examining their performance you can consider the efficacy of their reactions and take the most suitable trading movement. This is valid whether you are making the trades yourself or operating via a broker. While nothing is ever guaranteed in the world of trading, no matter how experienced you are, you will put yourself in a much better position if you increase your knowledge.

Why FX Training Courses Are Better Than Trial And Error

One of the reasons why trading on the foreign exchange currency market is so popular is because anyone can have a go. But, there is a big difference between playing the markets and winning. One of the differences comes from FX training courses. Read on to find out why.

Becoming a dealer in foreign exchange is as easy as setting up an account on a Forex trading app and dealing with a small amount of money. Of course, this is only one way to approach this; you could instead go through a broker, or choose a fully automated set up. However, without any background or knowledge, you are likely to only win and make a profit through trial and error. It is possible to achieve this, but if you want to be sure of making a decent profit it is better to learn how to trade Forex effectively. This is possible through one of the comprehensive Forex trading courses that are available.

By improving your education in this way you will be able to spot errors before you make them, rather than after they have cost you money. This doesn't mean you will always buy or sell at the right time, but it does improve your percentages. The best of the programs available will teach you more than how to develop strategies and systems. They will also teach you how to understand and use other people's behavior. This means that you will discover how to see what others are doing, and why. Once you know this you are able to make trades based on education, rather than just following the lead of other traders.

How Much Can You Expect To Spend And What For?

You've decided to undertake an education course to support your foreign exchange currency dealing. However, choosing between all the online Forex trading courses is difficult, especially when it comes to understanding what you are getting for your money. Read on and find out some of the elements you should expect to find.

Forex trading courses will differ firstly depending on whether you enter needing a beginner or more experienced program, for those looking to advance their skills and earnings. A beginner's course may be found for free, but these courses are limited both in their scope and in the support you receive. A slightly more advanced course that provides more in-depth detail and at least some online, email or phone support is likely to set your trader account back in the region of $600. The emphasis in these programs is on learning from the errors and mistakes made by the dealer, turned trainer, and incorporating their ideas into your trading strategies. There is nothing wrong with this version of how to trade Forex, except one, it is limited in its ability to work and to make you a reasonable profit. If you are serious about working the markets, then you need a course that provides you with a unique way of looking at the FX and provides you with transferable skills that can be used on the futures market or when dealing with stocks and shares. What sets these more advanced courses apart is that they delve into the psychology of human behavior and how this can inform your trades. This expertise is not cheap, costing a little under $2,000 in most cases, but the price is worth every cent if you choose with care.

How To Pick The Right Forex Trading Course For You

Trading Forex involves exchanging one currency for another. It's a simple idea that can be entered into by anyone with a small amount of capital. However, to get the most from your experience it's best to get some training. You can find Forex trading courses online, but, which are worth the money?

The most important thing to remember when looking for support in how to trade Forex is that there is no guarantee of ever making money on the markets. Avoid any course option that makes any type of specific financial promise or guarantee. There is a range of Forex trading courses covering different aspects of the market, that have their own ideas on what you need to know to increase your chances of success. So, it is important to read through the course outlines carefully before you enter into anything, and certainly before you part with any money from your account. Check exactly what you are getting for your fees and look for any hidden extras; you may be expected to buy further materials or recommended reading.

Also, for your own peace of mind check the duration of the course and how much work you are expected to put in; make sure you can fit it around your other commitments. Finally, check the provider's reputation with brokers. Read reviews and see how past students have fared. Remember it is not just about how much money they have made, it's about the amount of trader support strategies received, access to and quality of resources, and the ease of communication.

So there you have it: everything you need to know about learning to trade Forex. We hope that this information will help you on your journey and enable you to find the best Forex trading courses for your requirements. With many different options on the market today, it is important to narrow down your search effectively and choose a provider you can trust.

Author: The FINANCIAL

Should You Trade Forex? Take Our Quiz And Explore Our Guide For 2020 - Benzinga

Posted: 17 Sep 2020 12:00 AM PDT

Are you deciding whether trading forex makes sense for your portfolio? We're here to help.

We at Benzinga believe it's important to be pragmatic when it comes to finding ways to make your money work for you.

Forex, or foreign exchange, is the marketplace for the world's currencies. Before deciding if trading forex in 2020 is right for your portfolio, let Benzinga be your guide in navigating the complex world of currency exchange.

Our forex team of experts has also assembled a beginner-level quiz to test out your knowledge of how forex trading works in 2020.

Afterward, our research team has provided guidance on indicators and timing involved with trading foreign exchange.

Forex Quiz For Beginners

True or False: Foreign exchange trading hours are the same as the New York Stock Exchange.

False: Domestic markets, such as the New York Stock Exchange, open at 9:30 a.m. ET and close at 4:00 p.m. ET every day, Monday through Friday.

Forex on the other hand opens at 5 p.m. ET on Sunday and remains open until 4 p.m. ET Friday.

Just because currencies may be traded 24 hours a day doesn't mean all trading hours offer equal opportunities.

True or False: Similar to stocks, news releases can shape how investors feel about the long-term prospect of any given currency.

True: Markets, including forex, move for two reasons: investor sentiment about the future and news that breaks during the present.

Our Benzinga forex experts also note that regular news releases can be useful to determine which currencies may be strengthened or weakened against another currency.

True or False: The number one way to avoid burnout while maintaining consistency in your trades is to set a schedule.

Building a schedule is key to preserving your decision-making abilities when trading forex.

For example, your most optimal trading time may take into account any of the following:

What time each market is open
When markets overlap for the currency or currencies you trade
When important news announcements are made

Best Forex Guide 2020

Interested in making the most of your forex trading experience?

Our guides can help forex traders learn more about the best time to trade forex, the best forex indicators as well as the best free forex charts.

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