How does interest rate affect forex currency pairs? The higher the interest rate of a currency, the more likely it is to strengthen. A currency that pays a higher interest rate will attract more investors to buy it, causing it to strengthen relative to other currencies. Examples of interest rates affecting currency pairs In 2022… Read More »
Sick of using technical indicators and failing? I explain the real drivers of currency movement and how you can profit from it!
In summary, this article talks about the cheapest way to withdraw via IC Markets (basically free) and my withdrawal experience with IC Markets using this cheapest method (PayPal). If you want to skip the details, scroll right to the bottom for the 2 cheapest ways to withdraw via IC Markets. Note: I have received messages… Read More »
3 ways to tell if an EA is a scam
What are the most popular forex brokers? In summary, this article shares a clever way to determine the most popular forex brokers through the number of MT4 servers it has (you can check through Metatrader 4 mobile app), instead of searching for updated trading volume data, which is hard to find. You will also find… Read More »
IC Markets Australia reducing leverage to 30:1 from 29 March 2021 – What should I do? Contents Background Why is ASIC doing this? How to avoid the leverage reduction? Pros and cons of switching to IC markets global offering (Seychelles) What should I do? IC Markets 21% commission discount offer still valid Background IC Markets… Read More »
How to open a FP Markets account? (5 steps) This simple guide is meant to give you a peek into the registration process when you choose open a live account with FP Markets. For demo accounts with FP Markets, you can open a free demo account here. 1. Personal Details Fill out your personal details.… Read More »
Swap in Metatrader 4 / cTrader is the interest you earn or pay in points (0.1pip) by going long one currency, and shorting another currency.
As a retail trader, I believe spreads should be your main concern because liquidity is not going to an issue unless you are trading 5 to 10 lots at one go. myfxbook.com/forex-broker-spreads is your best tool to find such brokers
Did you know you can convert your currencies cheaply (at spot rate) at IC Markets client area? You just have to convert in 1000 units