#WESTERNFX

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WesternFX is an established Global STP forex broker serving both individual and corporate clients around the globe. We offer all of our customers a comprehensive range of trading options specializing in FX and CFDs (Contracts For Difference), precious metals, energy and indices.

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3 Ways to Become a Smart Forex Trader in Pakistan

Be it beginners or professionals, everybody wants to make big money trading currencies. The incredibly profitable domain of Forex trading has left thousands in a rat-race. When there's thousands of dollars on the line, people are bound to participate. To keep up with the changing times, everything from charting tools to Forex trading strategies is constantly evolving. Though many a tool exists to help out traders, the brunt of the work still has to be done by them.

Here are 3 excellent ways to become a better Forex trader:

1) Use The Right Technology: There are a number of trading tools and platforms available for Forex traders to choose from. Each of these tools is of huge benefit when used right. It is up to you to handpick a few good tools and employ them right. Be it indicators like Moving Average or Relative Strength Index, or trading platforms like MetaTrader, you will have to be judicious in your choices because each choice comes with its own monetary burden. The traders who are at the top echelon today have all climbed by making most out of the tools provided to them.  

2) Practice On Demo Accounts: Once you have the trading tools, start by practicing on a good Forex demo trading account. Demo trading is severely underestimated by Forex traders today. On this virtual platform, you can trade freely without having to worry about any repercussions! This makes the perfect environment for learning. In addition to this, you can also devise your approaches and test out your Forex trading strategies.

3) Stay Well-Researched: Thriving in the field of Forex trading in Pakistan requires that you always stay well-researched. The markets are always moving and evolving. You will have to stay a step ahead by studying the markets and staying aware of the happenings. When you have the market movements speculated ahead of time, trading and making profits becomes times easier! Be it reading through blogs or demo practicing, make sure you are always researched well.

There is no big secret to winning at Forex trading in Pakistan. When you have the right set of Forex trading strategies to guide your way and a good broker to help through trades, success will be swift to come by. Avail the best of both from the top Forex broker - WesternFX! Assisted by our experts, you will be able to make the most out of each exchange and maximize your profits in no time. Call us today to know more!

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How to Avoid Freak Out Moments in Forex Trading

To freak out in the times of stress is human nature. While it definitely isn't unnatural to, it does come with a heavy few disadvantages. Trading on the erratic grounds of Forex trading is no easy ordeal. You might have a successful run and face a barrage of losses that nullify all the money you just made! Only with emotional control exercised can you expect to make it past the bad trading phases and move on towards the better ones.

The moment a trader incurs loss, his focus shifts from looking at the positive side of things and the mood becomes one of regret! You have to understand that losses are normal while Forex trading in India and can't be avoided no matter how much you try.

Here are 3 ways to keep your calm and trade on in Forex:

1) Think About The Bigger Picture: Forex trading is all about the endgame; don't get caught in the perspective of what lies immediately ahead. When you feel like your trades are all coming down, consider the possibility that some trades just have to be let by. You can always move ahead of the bad exchanges and go on to profit from the better trades made!

2) 100% Profit Rate is Impossible: Try as hard as you may, getting a 100% profit rate is not happening while you Forex exchange in India. It is a domain where anything can happen the very next second and you won't be able to predict it. Acknowledge that you will lose some trades no matter how secure you believe them to be and how many stops you keep!

3) Study Your Lost Trades and Learn from Them: Trades once lost don't have to become a bad memory; they can be used as an incredible learning experience. You can self-analyze and study through the mishaps to see what went wrong and how you can rectify things.

Keep these 3 simple tips in mind while Forex trading in India and you will never have to worry about getting worked up again! With the experts from WesternFX by your side, guiding you through trades, you will be able to hone your emotions and narrow your focus on profiting. Talk to our professionals today and get started!

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4 Tips for Forex Trading Beginners in India

There are those who trade stocks, options, and indices before starting Forex, and there are those who start with currencies! The foreign exchange market can be intimidating on first glance, but with some accustoming, you can start working your way to success. Beginners make several careless mistakes in Forex exchange, denying them the much-deserved victory. With consistent research and practice, growing into a professional, from a beginner, is just a matter of time!

Here are 4 basic yet effective tips for beginners:

1) Know Where to Draw the Line: Biting off more than you can chew will result in disastrous outcomes. Risk management is a very important concept in the Forex exchange, which is best learnt practically. Currency trading offers a leveraged environment to work on; profits yield a good sum of money, and losses will end up with you losing more than just the investment capital. Never overtrade to make up for bad deals or out of confidence. Keep a stop-loss on the trade and on yourself!

2) Start Off Small: Forex trading takes more than just a few days to get used to. Professional traders spend years to reach where they stand! With such a volatile environment, going all-in right from the start might seem like a bold move, but the repercussions will be unforgiving! Starting off, don't load your trading account with your life savings, and keep leverages to a minimum; this way you aren't exposed to any trading risk.

3) Losses are Normal: Only movies show traders as rich individuals with beach houses and jet skis. The reality is different. Over 85-90% of traders face losses initially. To succeed in Forex takes a lot of experience, knowledge, and persistence. Losses are common in currency trading and no amount of planning can keep them away. Embrace losses and learn from them, instead of letting the frustration lead to overtrading and other such activities!

4) Learn Risk and Money Management: Like air to a human, risk-management to a trade. To thrive in the world of Forex without losing money constantly, risk-management is needed. With chart orders like stop-losses, you can easily ensure trades leave you unaffected. Every time a loss threshold is reached, stop-losses withdraw traders from the deal automatically. Keep such measures in place, so your focus stays undivided and back stays covered!

The lucrative environment is all yours to capitalize on if you know how to tread, and how to trade! Forex can be a tricky maze, but with good brokerage assisting you, victory isn't far. Call WesternFX today and transition into a professional in no time! Our brokers will teach you from scratch and equip you with the necessary to dominate Forex trading in India!

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How to Win Big in the TradeWise Industry

Of the thousands that try their hand at currency exchange, just about 20% prosper. This is partially because the forex markets are unbelievably irregular, as well as patterns can not be forecasted. There are specific simple actions you can comply with to see gradual success in your professions. With the backing of well-planned Forex trading strategies as well as a great trading system, you can start in a snap!™Right here are some trading tips for attaining swift success in Forex:

1) Do Not Overlook The News:

The information will give you with a great deal of fresh trading data. Lots of successful traders make it a routine to check the news every early morning for events as well as market advancements. From possession costs to economic volatilities, a lot of information is there for the taking. These aspects are very essential in locating effective trends and also taking advantage of them. Disregarding the news is among the costliest errors you can make as a Foreign exchange https://www.wishlistr.com/tradewiseforex/ investor.

2) Adhere To Your Strategies:

Strategy hopping is something several amateurs do that's damaging to their professions. The origin behind this is impatience. When traders implement a specific method and also it does not pan out as they anticipate, they assume the practical thing to do is leaping approaches. Nonetheless, the right point to do in such a circumstance is to stick to your technique as well as remain unrestricted. Altering your Forex trading methods midway with trades does not imply that you'll instantly turn a profit! If anything, it only takes you better far from winning professions. Constantly research deeply prior to you apply your approach, and also as soon as implemented, let it play out. Impatience will only be a hindrance.

3) Take Your Earnings:

Worldwide of Foreign exchange trading, there is a fine line in between being healthily mindful as well as being excitable. A trader who recognizes his/her risks will certainly take profits as and also when they come, nevertheless, the foolish trader will maintain waiting on trades to expand as well as not money in when they are feasible. As a Foreign exchange investor, you have to understand that a trade, regardless of how lucrative, can sink the really next https://fastlisting.org/u/tradewiseforex/ secondly. This is why it is important that you take earnings as they show up.

4) Research Study The Markets:

The money trading markets are exceptionally unpredictable. Despite having the help of a good Foreign exchange broker in Indonesia, you will have a great deal of groundwork to do. Start off by analyzing the Forex markets. From the currencies to the influencing variables, to learning indication usage - a variety of factors have to be discovered. When you learn about these nuances Forex has, winning trades will certainly end up being natural. You will certainly have the ability to naturally make relocations as well as bag revenues.

5) Profession Nicely:

Do not house the misconception thatForex Trading Techniques extra is a criminal activity of kinds. As long as you're able to stabilize your professions, you can position as several as you want. Among the primary reasons that individuals tell not to trade a lot, is since it leads to overtrading. Overtrading is a dangerous addiction that a number of people house. Either by obtaining over-confident or as well money grubbing, investors often tend to attack more than they can chew and this leads in the direction of a debilitating trading addiction. Eventually, every one of this will just press you in the direction of losses.

6) Take Inexpensive Dangers:

Running the risk of is a natural relocation; in the Forex trading markets, dangers frequently play out in your favor. Yet when they don't, the effects are harrowing! You stand to shed massive quantities of cash when you take the incorrect risks. Constantly determine your risks and make certain that the risk-reward is sensible.

7) Branch Out Frequently:

Forex trading is substantial as well as has large variety. From currencies to indicators, to strategies, there are a variety of options you can select from. To make the most out of Forex trading, diversify your technique strongly.

These are simple however unbelievably efficient. With technique as well as consistency in your strategy, benefiting will come to be a routine. One of the largest reasons behind investors shedding early on is since they obtain too taken in by the concept of profits. The help of an excellent broker like WesternFX will certainly assist you discover the nuances as well as develop into a fine investor quickly.

Trading money is challenging, possible! With the backing of an experienced Forex Broker in Indonesia, finding success will certainly be swift. We house several of the finest Foreign exchange trading minds at WesternFX and also have actually supplied a number of ambitious money investors with superior broker agent.

The Foreign exchange market contains two sorts of brokers, the marketplace markers and the ECN brokers. Completely, ECN suggests Electronic Communications Network. As a result an ECN broker is one that permits direct communication of the numerous different customers' orders. ECN account is thus the type of account that such Forex brokers provides their consumers for day-to-day trading tasks. The kind of straight communication in between various orders is extra and also is extremely valuable to investors. The Forex broker making use of the ECN network has the ability to supply with an unique marketplace for trading. This industry hence allows various traders to straight trade versus each various other.

Advantages of making use of ECN account

1. Secrecy of trades

Personal privacy as well as security of Forex professions is the leading advantage of utilizing ECN accounts. There are lots of players in the Foreign exchange market and every individual needs to enjoy utmost privacy as well as safety of their funds. This high level privacy is feasible because the broker would only be serving as an intermediary in the marketplace instead of a market marker. So when a trader makes profession on an ECN network, he remains extremely protected and his trades can neither be distinguished nor traced by others in the marketplace.

2. Trade connection

Continuity of trade is an additional excellent advantage by numerous traders that are using this kind of account. There is no break needed or knowledgeable between professions. When you have an ECN account, you are enabled to trade during events as well as news. Cost volatility substantially enhances as a result of continuous trading. This gives the profession chance to benefit from the rate volatility thus becoming more profitable.

3. Enhanced implementation

The investor take advantage of efficient implementation of trades orders when using an ECN account This is since this method does not need the client to trade with broker yet rather utilize his network to area orders. Consequently the ECN broker would certainly not be in charge of performing your trades yet just matching them with various other market participants. This is done as soon as possible allowing every trader to appreciated enhanced trade implementation.

Demerits of utilizing ECN account.

1. High fees

The high degrees of costs and also commissions fees are the greatest drawback of using ECN account. The design of ECN network is to bill commission on every trade. When these payments are collected it comes to be too pricey as more professions are implemented on a daily basis. The high commissions billed lowers earnings therefore scaring traders from utilizing this kind of accounts.

2. Deceit

The marketplace makers can in some cases come to be unethical. The design of this account enables everyone to be his own market manufacturer. This promotes the method of dishonesty to crop in the marketplace. There are higher possibilities of dishonest individuals start introducing high quantity professions so as to affect the market. Others that are not ECN brokers would deceive other that they are.

Verdict

ECN account is becoming one of the very advised systems in the Foreign exchange market for all investors as a result of its interactive and great connectivity attributes. Even when you are new out there, you have much better possibility to be very successful when using this kind of account. This is why it is incredibly popular with inexperienced traders and starters in the marketplace. This is considered to be the best kind of account to hold if you wish to be successful and enjoy trading Foreign exchange. In addition to these advantages, using ECN account additionally enable you take pleasure in trading attributes supplied by the brokers.

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3 Must-Have Forex Trading Indicators in 2019

Every successful Forex trader today, who plays the market through adept analysis, depends heavily on technical indicators. It is incredibly difficult to place winning trades blindfolded, and heading into an exchange without an indicator is no different. As a trader, you have to know of the viability a trend carries and if it’s worth risking capital on. Forex trading indicators help gauge the efficiency of a trend and give a clear measure of its viability.

With that being said, how does a Forex trader find the best trading indicator? It doesn’t matter if the indicator is the best or not, it is how an indicator is used that makes all the difference. Since the currency markets are filled with a number of indicators, often times it becomes confusing picking a good one. However, when you look keenly, you will find that there are some Forex trading indicators that the majority of the traders prefer. Here are 3 such indicators that are incredibly favored in the Forex markets:

1) Average True Range Indicator: The ATR indicator is a hugely-popular technical tool used to calculate the average price ranges of candles over a specific time period. With the ATR, you will be able to measure one of the most vital attributes of Forex - the market volatility! Apt usage of the ATR indicator will allow you to determine how volatile the currency markets are at any given point of time. With this information, you can devise plans to sail smoothly through the turbulent waters of Forex. Like all other Forex trading indicators, the ATR too has disadvantages you will have to be wary of. Slippages and poor stops might cause you to lose a lot of money and be forced out of a trade early!

Losses are inevitable irrespective of the approach you follow, but with diligent implementation, you can ensure there’s more good than bad.

2) Relative Strength Index Indicator: An oscillating indicator, the RSI can only suggest values between 0 and 100. However, don’t let this drive you off-track, the RSI is one of the most-used indicators in Forex trading. An RSI indicator helps determine price momentum and realize whether a commodity/currency has been overbought or oversold. An RSI value of 30 or lesser means that the market is oversold and a value of 70 or above indicate an overbought market.

3) Exponential Moving Average Indicator: A type of Moving Average, the EMA is a market indicator that is quick to adapt to shifting markets. The EMA value can be calculated by taking the average of past candles. Many traders avoid using the EMA because it’s a lagging indicator. Any drastic short-term Forex trading movement might not get accounted on it, leaving traders stranded.

Attain mastery over the usage of Forex trading indicators with expert guidance from the professionals at WesternFX! Our talented brokers will help you learn how to implement indicators right and make the most out of each trade. Open a Forex demo account with us today to know more!

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Forex Trading Basics - Is Your Broker Worth It?

Forex trading is a great place to earn money; be it pocket money or retirement savings, the profit potential here is huge. Seeing good profits, however, will take time. Several thousand enter the Forex markets driven by the ambition to make a name for them, but only a small portion of that crowd sees success. This is because not all Forex traders partner up with the right broker! The quality of brokerage you avail is incredibly important if you're looking to make good money trading currencies. Novices often end up getting scammed by a bad broker or availing inexperienced brokerage, which needless to say, ends badly for them.

Keep these 5 tips in mind while hiring a Forex broker:

1) Check For Regulation: An unregulated broker is nothing but trouble. While there are some rare cases where some new unregulated brokers provide reliable and excellent brokerage, that won't always be the case. Most scammers are unregulated and their lack of regulation is how you identify them as the bad eggs! Financial bodies like NFA and CFTC provide regulation to ensure Forex traders aren't tricked by brokers.

2) Ensure the Commissions Aren't Too Much: Commissions are often times charged a bit too high, and novices who don't know the standard market rates end up paying it too. Normal Forex brokers will demand ordinary rates, and that's the one you should settle for. Ask around in trading communities and forums as to what the current market standard for brokerage commissions is, and make sure your broker doesn't charge too high in comparison.

3) Demo Platform Provision: You will need a Forex demo account even after you have learnt trading, to implement strategies and gauge their efficiency. This is why it is crucial to hire a broker who provides a good demo platform.

4) Get a Reputed Broker Only: User reviews will give you an idea of whether or not your broker is worth the money. In competitive markets, like there are today, settling for a broker who doesn't provide services worth the money will be a mistake. Avail brokerage from a broker who is reputed.

5) Make Sure Their Customer Service is Good: On many an occasion, you will need to call your broker to clarify doubts and ask for guidance. Get a broker who provides the same diligently, and will not ghost you out.

Good Forex brokers usually tick all these boxes. Don't make the novice mistake of partnering up with an agent who doesn't have the same drive as you do! Reach out to one of the best Forex brokers - WesternFX, today. Assisted by our trained experts, you will be able to employ proven strategies and find your way to swift and consistent trading victories. Call us today to get started!

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Top 6 Money Management Tips in Forex Trading 2019

With so much to focus on - currency values, market movements, trade strategies, etc., Forex trading can seem like an arduous path to go down. While the profit potential is immensely huge, not every trader gets a piece of the pie. Statistics show only 15-20% of currency traders seeing consistent victories, while the others face early losses. A majority of the losses happen due to lack of strong money management. Traders lose money faster than they make, as a result of poor investment choices, and not giving the needed importance to saving profits instead of blowing them!

Overtrading is the enemy of every trader. Giving in to greed has carried many a Forex player to his/her early downfall. If you are able to manage your trading capital wisely, you have already done 50% of the necessary, with the remaining 50 being learning, trading and winning!

Here are 6 capital management tips you can start following right now and see better results:

1) Have A Dedicated Risk Capital: A smart move to make as a Forex trading efficiently managing capital is to allocate some of your trading investment to be sacrificed to market risks. Say you have $10,000 for investing in a trade, keep $3000 of it as risk capital, so in case you lose this money, you will be in a better mental condition and not lament over the loss! Risk capital is just a mental barrier used to help traders acknowledge and work with the simple fact that money at some point has to be lost.

2) Employ Precise Stop-Loss Orders: Keeping a stop order in place will let you exercise immense control over how your capital acts in a trade. A stop-loss is an order issued to cash in on profits once a level has been reached, and it is also used to pull you out of your trade position, should it fall to losses. If you have a stop at $10 for a security valued at $12, in case it dips to $10 or below it, you will be removed from the trade without suffering big losses.

3) Risk No More Than What You Can Afford: Professionals and mentors always advise against risking any more than 4% of your trading capital. With limited risks, your potential profits also get capped; however, it is times better than risking big and losing bigger. No matter how much or how less you have in terms of money to invest, don't exceed 4%. Drawing the line close might look disadvantageous from your perspective, but when you retrospect it later, you will see the benefits in this Forex trading strategy.  

4) Don't Over-leverage: Leverage is a provision availed to hold positions of higher value. By leveraging trades, you are able to place trades of high value without having to put in any extra capital than the base amounts. A leveraged trade has its profit potential multiplied, but the same increment applies to losses as well. So if you are to win a leveraged trade, you win big; should you lose it, you lose bigger. Leveraging is supposed to be done carefully, without exceeding a certain limit, beyond which only losses will be incurred.

5) Maintain A Trading Journal: If you want to thrive in the foreign exchange markets and have a healthy win-rate, keep a trading journal. On this, you will maintain in-depth information about your trades, good and bad, and accordingly, be able to analyze what action led to what outcome. Making analysis on your own trading actions will help make you a better trader down the line. Additionally, when you have a neat record of all the mistakes you've made, you will be able to avoid them and mitigate losses, while improving your Forex trading strategy.

6) Avoid Letting Emotions Get The Better Of You: Emotions are what make us human, and emotions are what lead to a number of trading losses. While Forex trading, it is natural to get riled up over bad trades and lost money. How you deal with this frustration is what defines you as a Forex trader. Letting it get the better of you will only lead to harmful outcomes like overtrading and leveraging carelessly. It is natural to lose money while trading currencies, don't let this fact disrupt your activities!

You can always get a good Forex demo trading account and hone your skills before taking them to live trades. With these 6 tips followed, an evident improvement can be seen in your trading results! Success and profits are going nowhere; it is you who has to go to them. How do you ask? By managing your money efficiently! Sign up with WesternFX today and avail our world-class brokerage. With our assistance guiding you through the wilderness that is Forex trading, you will emerge mighty successful! Call us now to know more.

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How to Recover Your Lost Money from Forex Trading

Money lost in trivial numbers won't stir up any emotion, but when you lose your capital in big chunks while Forex trading, it'll be a troubling sight! Forex trading is a field that comes with unavoidable losses. Even the best of traders, with the strongest of strategies, have seen mammoth losses come their way. There is never going to be a method to completely dodge losses. As a Forex trader, you will have to bounce back after each bad trade and keep the fight on. Recovery isn't an overnight process, it has to be done step by step.

Here are 5 steps for you to follow, in sequence, to tackle losses and get back on track:

1) Analyze The Causes: Losses often happen due to the markets moving unpredictably, such cases can't be helped - only preparation can be made! For losses that are directly because of your mistakes, you will have to analyze the causes if you want to avoid them. Most traders face repetitive losses because they never correct their mistakes!  

2) Lock Away Emotions: Getting over-emotional has led to one too many traders failing at Forex trading. While trying to ricochet yourself back, you will have to leave your emotions outside since most of the times; they will cloud your judgments.

3) Take A Break If Needed: One of the best ways to improve as a trader is to give yourself enough time to take breaks. Trading might be your full-time career, but staying glued to the screen will do you no good. When you cut yourself off a little, you can regain your calm and analyze things thoroughly - making sure your mistakes don't occur again.

4) Start Again With A Clear Mind: You can always restart while Forex trading in India. So if you find yourself pressured by losses, take some time to analyze things, calm yourself down and start again.

5) Avoid Making The Same Mistake: The problem isn't making mistakes, it is not correcting them. When you fail to correct your mistakes, they are bound to happen again at some point and you'll be left clueless yet again! Make sure you are prepared and learn your lesson.

Losing money is natural while Forex trading in India, trying to avoid it is only going to serve as a grand waste of time. What you should do instead, is focus on improving your techniques, correcting your mistakes and making better trades. Let our experts at WesternFX give you a helping hand! Assisted by them, you will be able to make the most out of each trading opportunity and recover from losses swiftly. Call us today to know more!

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How Does One Become A Successful Forex Trader?

One does not become a Forex trader overnight. And to become a successful Forex trader - that's a completely different ballgame. There are stages to becoming a Forex trader. The unsuccessful ones usually fail at some stage, but the persistent ones go all the way through and to the top. The beauty of foreign exchange lies in the fact that it remains unbiased; it doesn't matter if you're a rich trader or a humble one, you face the same amount of risks and are prone to the same level of volatility!

If you plan on becoming a Forex trader, you will need to understand the various stages involved:

1) Ignorance: Starting off, every Forex trader is inexperienced. Ignorance is the start of all things! When you first enter the Forex trading markets, you will have little to no idea of your surroundings. Market research, measuring currency viability, analyzing trades - there's a lot you will have to do. This is why beginners are advised to spend more time learning than trading and to get a proper Forex demo platform to trade on.

2) Understanding of Ignorance: After a few weeks, you will start understanding the various areas where you're ignorant. This is a good sign of growth. Acknowledging that you're still learning and there's a lot to be done is important in Forex. When you know the areas you lack in, learning and improving becomes a lot easier and faster.  

3) Meticulous Grasping: Once you've spent a good few months trading currencies, you will start grasping new concepts quicker. Remember that Forex trading takes years to master, so don't get hasty after downing a few weeks. When you're able to grasp information swiftly, implementing powerful Forex trading strategies in your trades and seeing positive results is the obvious consequence!

4) Awareness: Gradually, you will become aware of the subtleties Forex trading carries. The underlying factors affecting currency values, the need to diversify, different Forex trading strategies etc. - these are just some of the several things you will start learning automatically.

5) Instinctive Trading: Once you have mastered Forex trading, within a few years, your instincts will be your weapon! Behind each trading decision you make, there will be years of experience guiding it. Your trading moves will be powered by habit!

When you land in the Forex markets for the first time, these are the stages you will be going through. To see success, it is crucial that you never give up!

Failure is but a stepping stone, and with WesternFX to guide you, you will reach the top in no time. Partner up with one of the best Forex brokers in South Africa, and see raging success come your way! Call us today to know more.

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How Effective Is the FAP Turbo Forex Trading System?

Even more detailed and comprising of multiple informational aspects, the bar chart covers both the highs and lows and the opening, closing prices. The representation isn't too complex; a sequence of vertical lines displays the relevant trading information. Getting a good grip over this chart won't take you long! When the open price is lower than the closing price, the bar will appear green. The opposite of this scenario will be shaded in red.

Essentially the most complex and one of the best trading charts, this method was conceived centuries ago! Candlesticks are of two types - colored and hollow. Each one has an upper and lower protrusion known as a shadow or wick. These indicate the highs and lows. A colored body represents a price drop and a hollow candlestick indicates a price hike.

When candlesticks indicate a buy/sell pressure with very minimal price movement, it gets treated as a consolidation pattern known as Doji. The Doji is used by traders to understand a weak selling pressure, falling buying pressure or the equivalence between supply and demand. Come sign up with WesternFX today and master the control over indicators, charts and many such trading tools! On our Demo Trading Account, you can learn the A-Z of foreign exchange and transition into a professional in no time.

Trading markets come in all shapes and sizes - from stocks to options to CFDs, you have a variety to work with. Off the various commodities available, however, Forex is one of the best. Currency markets offer a tremendously lucrative trading opportunity that everyone from novice to professional can avail. This 2019 is seeing competition like no year so far! Traders are growing in number and economic movements are becoming more volatile. At the end of the day, a good Forex Trading Strategy and a sharp approach can help you bag hefty profits.

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How To Choose The Right Trading Platform In 2018

You might have a good grip over price movements in Forex, how markets work, and the various strategies to implement. However, there is one element that is equally important - your trading platform. Without this, there will be no bridge between you and the currency markets. Getting the right platform has its own importance; since, without a good one aiding your trades, no amount of strategizing will suffice. Without the proper analytic and charting tools, winning a Forex trade is far from possible.

The platform offered differs from one broker to the other; and with varying platforms, the features that come along also change. In Forex markets, there are good brokers, the average kind, and there are scammers. These scammers lure in novice traders, equip them with an average trading platform and rob them of their money, by charging high spreads and purposely setting up bad trades. One of the ways of gauging a platform's efficiency is by reviewing the broker providing it. Established and reputed brokers always provide good grounds to traders. A good comparison review will be of great help, to weed out the bad brokers (and their platforms) and shortlist the good ones.

A good trading platform is like your best friend in Forex. Foreign exchange relies hugely on analyzing price movements and getting a good grasp over market trends. Both of which require an adept tool. Foreign exchange markets see only a 10% win rate. One of the reasons the 80-90% traders lose, is because they are incompatible with the platform used. Most Forex trades are fast-paced, and require meticulous judgment. Unable to pull them off, often results in a poor trade.

Since technology today is advancing at a swift pace, we have several smart trading platforms and even auto traders. The latter are a fascinating addition to the trade arsenal. For traders who have less time for a trade, these auto traders make the calls. The aid of similar mechanisms is required to grow in Forex. Strategizing and researching aside, having ample knowledge of trading platforms comes in handy as well.

You can get a nice leverage over other traders when you are equipped with a good platform. Forex is seeing cut-throat competition these days, want to steer ahead? Call WesternFX now! We will equip you with world-class FX solutions and ensure you dominate Forex trading in South Africa.

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4 Myths To Stay Away From In The Stock Market

One of the best grounds for making consistent profits - the stock market, as lucrative as it is, is also a place where several myths are birthed. The most common of these is the belief that share trading is a portal to riches. While it might be incredibly profitable, the risks involved are numerous. As a novice, you will fall prey to these beliefs easily, which will result in a shaky start to your trading career. Starting off, you will be surrounded by plenty of such myths, all of which you have to be aware of!

Here are 4 of the most common stock market myths:

1) Trading Is A Get-Rich-Quick Scheme: This myth is too common not to notice. And ironically, this is one of the reasons several people enter the share trading markets. It is easy to believe from the outside, that trading is a means to make quick money. Partly true - with skill, research and practice, you can slowly, but steadily, climb to the top and make consistent winnings. However, there is no shortcut to reaching that stage! Trading requires hard work and immense amounts of research to be successful.

2) Bigger Companies Yield Better: Stocks rely on companies, as companies rely on investors. Today, with thousands of businesses swarming the markets, the competition has stifled in share trading markets. This has led to the belief that bigger companies generate more profit, which is completely wrong. In fact, the condition on many days is the contrary. Bigger companies see falling shares, while upcoming ones steal the spotlight.

3) Huge Capital Equals Huge Winnings: A myth that scares away several novices - traders are often made to believe that to enter the stock market and win, you have to invest a lot of money. This also leads to them overinvesting in trades and losing all their capital. Though bigger amounts of capital do come in handy, you can start off with a handful of money and still make good profits!

4) Trading Risky Is The Only Profitable Way: Trades and risks are two sides of the same coin. Without risks, you can't make bigger profits. Though this statement holds true to an extent, risky trading isn't the only way to win. When you have a certain expertise and know your way around stocks, you can risk freely. However, doing the same before gaining an experience will prove fatal!

Your career in stock trading will be filled with these myths. Only when you have finished a few trades and learnt from them, you will know truth from the false. You can cement your stock trading today with WesternFX! Assisted by our experienced stock brokers, you will dominate the stock market in Indonesia! Call us today and get started.