If you’re looking to get into trading with Deriv, you’ll need to know how to log in to your account and get started. This guide will walk you through the steps needed to access your Deriv account and connect with MetaTrader 5, as well as cover important topics like account verification and funding your account. […]
In the world of trading, managing risk is as important as executing successful trades. One of the most significant metrics that traders use to assess their risk is drawdown. Drawdown refers to the reduction of a trader’s account equity after a series of losing trades. Understanding how to calculate and manage drawdown is essential for
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
Like a bar chart, a daily candlestick shows the market’s open, high, low, and close prices for the day. The candlestick has a wide part, which is called the “real body.” This real body represents the price range between the open and close of that day’s trading. In the first part, we are going to cover how to read
When opening a brokerage account, many investors are taken aback by the extensive personal information requested. While it may seem intrusive, brokers are not asking for these details out of curiosity they are legally obligated to collect them. Regulatory bodies, such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), mandate strict compliance
Forex trading is as much a mental game as it is a strategic one. Over the years, I’ve seen countless traders—especially beginners—fall into psychological traps that lead to blown accounts, frustration, and ultimately, failure. The truth is, technical analysis and risk management are only half the battle. The other half is mastering your emotions and
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
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
The foreign exchange market (Forex or FX) is the largest and most liquid financial market in the world, with a staggering daily trading volume exceeding $6.6 trillion—far surpassing the stock and bond markets combined. At its core, Forex trading involves buying one currency while simultaneously selling another, with the aim of profiting from fluctuations in
Pin Bar, which is short for ‘Pinocchio Bar,’ is a single candlestick setup that clues price action traders into potential reversals in the market. A pin bar candle is an elongated wick that ‘sticks out’ from price action. Traders will usually look for one-sided wicks that are two times the size of the body of the candlestick. I. Identify pin bar