Why beginners must use a forex demo account 

Many people are under the impression that they can jump in and start trading forex without prior experience or knowledge. This is certainly not the case, as forex trading is a complex process requiring skill and knowledge to succeed. Starting on a live account is a sure fire way to lose money. Therefore, using a …

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Risk management in forex trading: Advanced techniques for experienced traders

Risk management is a critical component of successful forex trading. In the fast-paced and unpredictable world of currency markets, experienced traders understand the importance of protecting their capital and minimising potential losses. Advanced risk management techniques go beyond setting stop-loss orders and encompass a holistic approach to preserving capital while potentially increasing its profit potential. …

The best advice for beginners in forex trading

As a beginner in forex trading, you probably feel a bit overwhelmed by all of the information and terminology you are encountering. However, don’t worry – we have compiled some of the best advice for beginners in forex trading to help you get started on the right foot. Don’t put all your eggs in one …

What does a short position denote when trading currencies?

A forex position is an amount of a currency that an individual or entity owns, which then exposes them to the movements of that currency against other currencies. The position can be either short or long. A forex position has three characteristics: The amount of currency owned. Whether the position is short or long. The …

What does a long position denote in FX trading?

To go long in foreign exchange trading (forex) means to buy with the hope that the value of your purchase will increase. It’s the opposite of going short when you expect the price to drop. In forex, the purchase you’re making is a currency, and when you go long, you profit when the value rises; …

Why you need a trust in Australia and what it is

As an investor in Australia, you may be wondering whether you need a trust. What is a trust, and how can you benefit from it? A trust is a legal arrangement in which one person (the trustee) holds property or assets for another person (the beneficiary). You can use trusts for various purposes, including asset …