FXCM is a large and strong company, with a large world-wide user base, high liquidity and large financial assets. This enables them to offer attractive rates, innovative tools and features, and high standards of customer support. These all make FXCM a safe choice of a FOREX trading platform.
Category Archives: Forex Trading Articles
On Balance Volume in Forex Trading
On balance volume was coined by Joe Granville in his book, New Key to Stock Market Profits, in the year 1963. It is a momentum indicator that measures the positive and negative volume flow and relates volume to price change. The indicator is based on the idea that volume precedes price. It measures the sum total of the volume indicating whether the money is flowing in or out of the currency.
Correlation in Forex Trading
In pure terms, correlation is the measured relationship between two units over a series of time. Correlation is measured on a range of -1 (perfect negative correlation) to 1 (perfect positive correlation).
Controlling Forex Drawdowns
If you were to lose 50% of your account on a single trade, going from $10,000 to just $5,000, as a result of an unexpected market move, you would then need to gain 100% just to recoup your initial position. This is known as a drawdown and it can have an insidious effect on your account balance.
How to Use Leverage Responsibly in your Forex Trading
The Forex market is a unique one. It is unique for many different reasons. It is the biggest market on the globe with anywhere between 3 and 5 trillion dollars traded every day, depending who you ask.