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!
3 ways to tell if an EA is a scam
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 »
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
IC Markets has reversed its decision to move its overseas clients to Seychelles. All clients continue to remain in IC Markets Australia
IC Markets Stock CFD trading on MT5 Hi Traders, IC Markets now offers stock CFD trading on MT5. Trade up to 120 US and Australian stock CFDs, with extremely competitive commissions for US stocks at just 2c per share. IC Markets is now offering Stock CFDs! We’ve carefully chosen 120 stocks across the NASDAQ, NYSE,… Read More »
Just added a new EA that automatically inserts X pips SL and TP once you open a new trade. Useful for fast scalpers who have little time to add SL and TP once they open a new trade. Traders who trade Bob Volman’s scalping style on MT4 will appreciate this. Check it out here ( EA… Read More »
New Forex Economic News Calendar I’ve included a new tools sections which shows our live forex broker spreads AND our new Forex news calendar. Included in the Forex News calendar is a guide on how to trade news breakouts. Check it out! ——————————————————————————————————————————————————————–