Introduction to Asian/LatAm currency pairs
When people make the decision to start trading Forex, a lot of them do so with the idea that they’re only a few clicks away from a quick fortune. If that’s you, you might be surprised by some of the realities of Forex trading…
Trading begins long before you ever hit a button to place a trade. As much as being about the ups and downs of the markets, trading is also about mindset: get your head in the right space from the beginning and you’ll give yourself a better chance of success. The secret to it all is preparation…
For a lot of people, the notion of Forex trading might conjure up images of swarms of traders yelling excitedly across a crowded trading floor and making strange hand gestures, accompanied by the constant slamming of phones. For many years that was a reality of life as a professional trader, but the trading environment has changed.
Beginning in June, AxiTrader is launching a series of articles and expert commentary about trading technology, the impact it has on your trading and what you can do to improve it. This is part of our ongoing commitment to ensuring our clients have the best resources and information to help them succeed with their trading. What follows is the first article in the series, outlining the concept of latency.
Traders inhabit a world of uncertainty. They must be comfortable making decisions to buy, to sell, to hold or to pyramid positions without knowing the exact outcome. Traders understand this and, for the most part, are comfortable with the world they inhabit.
But 2015 has been an uncommonly volatile year for traders and markets. 2016 looks set to be the year emerging markets may have to face their debt bomb, weaker economies and a clear signal China wants a weaker Yuan.
There’s a lot of advice available to aspiring traders these days. Some of it is useful, some isn’t. But how do you know what to listen to and what to avoid?
When you’re new to trading, it’s unlikely that algorithms are amongst the first things that cross your mind. But they’re an important – not to mention very useful – part of trading.