There are two primary ways to become a more successful Forex trader - to practice, and to learn about the industry.
At DailyForex, our goal is to simplify your trading so that you can trade easily and smartly. To this end, we offer you a collection practical articles written by our Forex experts to help maximize your trading success.
You can also browse our articles by category to find information and trading strategies that can help you improve your profitability and enhance your trading experience.
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Leverage on Forex trading remains one of the most misunderstood concepts in trading. Read this article, to learn, what it is, what the biggest misconceptions are concerning leverage, and what benefits and risks are involved.
The UK remains the global financial center of the world. It is the primary Forex and gold trading hub and is the primary center for hedge funds and private equity firms. The cutting-edge infrastructure provides an excellent foundation for successful traders. Read this article and see what you can learn from the big wins and losses of Britain’s most successful Forex traders before you seek out the best Forex brokers in the UK and open an account.
Australia is one of the four core global Forex markets, in a time zone that unofficially starts each trading week. It has a high-quality trading infrastructure, is a financial hub for the Pacific region, and provides competitive conditions for local Forex traders to thrive. Some of the best Forex brokers in Australia have global reach due to their trading presence as offshore entities. Beginners can learn from the wins and losses of the most successful Forex traders in Australia and use it as an inspiration to chart their path.
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Gold is one of the most traded assets globally, and the best gold brokers offer tight spreads and algorithmic trading. Today, we will answer the question of when the gold markets open to help gold traders maximize their outcomes.
Yes, you read the title correctly. Why am I not surprised that I am writing this article? Well, I should not be surprised, yet I partly still am.
This article is for Malaysian traders wanting more clarity on their tax obligations, including the different tax rates for tax residents vs. non-tax residents, how Malaysia regulates Forex, the brokers available to Malaysian traders, an overview of tax benefits and exemptions, as well as taxation tips for Malaysian traders. I aim to give readers a clearer understanding of the retail trading environment, particularly regarding Forex trading, in Malaysia.
Singapore has rules requiring some traders to pay taxes depending on specific criteria. The rules are nuanced—many consider them a subjective grey area with little clarity.
Yes, you must pay taxes on gains from Forex and other securities in the U.S. Uncle Sam wants his slice of the trading pie. This article lays out the basics of how the IRS taxes Forex trading, including: - How the IRS treats spot Forex trading versus Futures & Options - The relevant IRS codes for trading - The tax rates that apply to U.S. traders - Tax benefits and exemptions Let’s get started.
Leverage has become the cornerstone of modern retail trading, and its ubiquity has made it indispensable. Many markets, such as futures, are nearly impossible to trade without leverage because exchanges automatically build leverage into them, and others require leverage for practical reasons because the absolute price movements are small.
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Risk management remains one of the most misunderstood trading principles. Many retail traders simply apply static stop-loss and take-profit levels according to a desired ratio, often 2:1, without considering the dynamic nature of the market or the asset. The same applies to algorithmic trading risk management, which we will explore in the article below.
Successful trading requires a strategy that matches the trader’s personality, skills, knowledge, and capabilities. Today, we will look at scalping vs. day trading, two short-term trading strategies that share many similarities. Still, a few critical differences exist, which you should consider when determining whether scalping or day trading is a better fit for you. Read on to find out if you are a scalper, a day trader, or if you should choose another strategy.
Trading styles should reflect the personality of traders, and scalping vs. swing trading offers two approaches on different ends of the spectrum, but which is more suitable for your trading requirements? I will break down the core components of each strategy to help traders decide if they are scalpers or swing traders.
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Sign up to get the latest market updates and free signals directly to your inbox.The most successful Forex traders in the world share many similarities, despite using different trading strategies. Retail traders may do well to consider identifying and adopting these commonalities in the approaches of successful traders. In this article, I have provided a list of well-known traders to introduce their strategies, philosophies, and triumphs. Read on and learn how you can become a better Forex trader.
Forex trading volumes continue to expand, with daily turnover exceeding $7.5 trillion, on track to reach $10.0 trillion this decade. The Forex market is a decentralized over the counter (OTC) market. It is accepted as the most liquid market and is operational 24/5. The highly leveraged Forex market attracts scores of new Forex traders daily, but how do Forex traders make money?
Let’s immediately address the question most commonly asked by prospective Indian traders: “Is Forex trading legal in India?” Yes, it is, but under strict conditions. India’s laws restrict its residents to a specified list of currency pairs, trading instruments, allowable brokers and exchanges.