Opening a Forex or binary options trading account is the first step in your journey as a trader. However, before you can fully access your account, fund it, or claim any promotional offers, you’ll typically be required to complete a verification process. This requirement often catches new traders off guard, raising questions such as: “Why […]
Day trading is an exhilarating yet challenging endeavor that demands skill, discipline, and continuous learning. Whether you’re just starting or looking to refine your strategies, having the right educational resources can significantly impact your success. In this comprehensive guide, we’ll explore the best day trading books for beginners and advanced traders, along with essential educational
Skrill (formerly Moneybookers) is a leading digital wallet and payment platform owned by the Paysafe Group. With over 40 million users worldwide, Skrill has become a popular choice for online transactions, particularly among forex traders, online brokers, and gaming enthusiasts. In this in depth review, we’ll look at Skrill’s key features, advantages, drawbacks, and whether
It is said that the failure rate in the forex industry is very high, with more than 90% of traders quitting the game within their first year of trading. Most of the traders in most cases are not aware of the common reasons why Forex traders fail to be able to prevent the same from happening. At
Risk management is the cornerstone of successful trading. One of the most common questions new traders ask is: “How much should I risk per trade?” While the answer varies depending on experience and strategy, a widely accepted rule is to risk no more than 1-2% of your trading capital on any single trade. But why
It was launched in 1984, the entire FTSE (Financial Times Stock Exchange) consists of in excess of six hundred companies, that make up approximately 98% of UK market capitalization. The ‘footsie’ is a term that most people have heard of, but relatively few understand its intricacies and significance. This page will break down its history,
Trading is often likened to riding a roller coaster – an exhilarating experience filled with highs and lows. While the thrill is undeniable, there are moments of fear, nervousness, and a sense of powerlessness. In such challenging times, it’s crucial not to succumb to panic or the temptation to give up. Instead, turning to motivational
In trading, TP is a short form of ‘Take Profit’. It is not a strategy that you can trade but it indicates the price where you will be taking your first profit (TP1) your second profit (TP2) and your third (TP3). If you are a trader you have come across the terms “TP1” “TP2” and
In the dynamic world of forex trading, Kenya stands out for nurturing some of the most astute and prosperous traders in the industry. From Patrick Mahinge to Sylvia Muchai, these individuals have not only amassed significant wealth but have also become beacons of inspiration for aspiring traders across the country. Let’s delve into the stories
Starting to trade forex can seem daunting, especially for beginners, but with the right guidance and knowledge, it becomes a manageable and rewarding endeavor. The forex market, also known as the foreign exchange market, is the largest and most liquid financial market in the world, offering countless opportunities for traders. In this blog post, we’ll