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…]

Statistics show that 80% of newcomers to trading on Forex lose their first deposit. In a lot of cases, it happens because a trader does not know anything about Money Management (MM), does not know how to use MM, or does not think MM is necessary. Using MM is vital to a successful strategy. Ignoring MM … [Read more…]

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…]