Standard and Cent accounts

standart and cent accounts

Most Forex beginners believe that the standard and cent account is the same. Let’s try to explain the situation. For example, the broker Hotforex does not have cent accounts, there are only Standard or Micro accounts offered. Standard account: The account balance calculated in dollars. Minimal lot is 0.01 1 pips to 0.01 lot = 0.1 $ However, … [Read more…]

Lesson 9 – Trading Psychology

trading psychology

Trading psychology is one of the most important topics in Forex trading. Traders using demo accounts, i.e. trading with virtual money, show good results. However, when switching to real money their results worsen significantly. The trader, the currency pairs, and the trading system are all the same, but the result is different. Why is that? … [Read more…]

Lesson 7 – The Indicators

indicators in forex trading

Indicators are the instruments of technical analysis that calculate price movements and give a trader the opportunity to make the right decision about entering or leaving the market. It is important to mention that there are no “miraculous” indicators that can predict the price. All indicators are based on the historical development of prices. Therefore, … [Read more…]

Lesson 2 – Forex – What Is It?

forex what is it

A person who earns an average income usually thinks about what kind of savings is the best—how should you save up money without them depreciating? In which currency should you save up—Euros, pounds, dollars, or should you invest in gold? When the world financial crisis appeared, you would exchange Euros into dollars, then later probably … [Read more…]