01 – How to Start Trading in 4 Easy Steps
1. Register with OctaFX by opening an account
Having an account allows you to access your personal area on our website and to trade...
01 – How Does Forex Work?
How Does Forex Work?
Forex trading is the simultaneous buying of one currency and selling of another
These two currencies make up what is...
01 – Support and Resistance
For the bushy-tailed and bright-eyed newcomer, technical analysis of the Forex market often becomes an obsession.
I know for me it was.
Although you will learn...
01 – Fundamental Analysis Overview
As you have already read, Fundamental analysis is studying the economic fundamentals of a currency, country, or economy. Economic fundamentals really is a very...
00 – A Beginner’s Guide to Technical Analysis
Technical analysis refers to the study of past price action as a guide in forecasting future price movements. This involves looking at candlestick formations,...
00 – A Beginner’s Guide to Fundamental Analysis
What is Fundamental Analysis?
Fundamental analysis mostly refers to the use of economic data to predict forex price movements. While technical analysis focuses on historical...
00 – Risk Management 101
In forex trading, there are several factors that you can't really control. While you can be able to make predictions based on fundamental analysis...
00 – Trading Psychology 101
Now that you've studied the basics of technical and fundamental analysis, as well as the importance of proper risk management techniques, it's about time...
01 – Welcome
Welcome to FxPro Trading Academy. If you're reading this you have decided to join one of the world's fastest growing online communities. Since the...
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What is Leverage and How Does it Work in the Forex Market?
Leverage essentially means having the ability to control a large sum of capital using very little of your own funds and borrowing the rest. When you buy a house on credit i.e. a mortgage, for example, you are actually trading with leverage. Say you put a 25% down payment of $50,000 on a house worth $200,000, you are effectively using leverage here!
Why Trade FX: 7 Key Differences Between FX and Other Instruments
In the first part of this article, we looked at the relationships and investment themes that traders can access using FX. In the second...
Five Tips for Forex Trading With a Full Time Job
"My kids think all fathers work from home" – Marty Schwartz, Market Wizard
If your aim is to create a second income through Forex trading,...
Inside the Forex Market: Fake News, Currency Wars & Corruption
Fake news has become one of the buzzwords of 2017, with almost weekly reports regarding politicians or political events, causing outrage due to their spurious nature. The growing importance of social media has exacerbated the problem with fake news reports spreading like wildfire and quickly garnering vast amounts of attention before they can be disputed and or corrected.
The Trader’s Guide to Eurodollar
What is Eurodollar?
Quite simply, eurodollar (also known as EURUSD), is the exchange rate between the currencies of the world's two largest economies when measured...
Top Ten: Trading Risk & Psychology Reads
I want to kick this segment off with an introduction to what I consider my top ten Trading Books that aren't related to trading strategies or set ups, but focused specifically on risk and psychology, as the defining moment in my trading career was moving from part time gambler to full time student of risk and psychology.
Taking Your First Live Forex Trade
From a psychological standpoint, taking trades on a demo account compared with trading in the live market are two completely different animals. Think tame house cat and wild lion! Regardless of how long one has successfully been trading on a demo account, pulling the trigger when hard-earned money is on the line is emotional for just about any trader.
Does Trading Psychology Really Affects Your Performance
For effective trading on the international currency market, it is important to have a good theoretical background, ability to use strategies, as well as...
Build a Thriving Career and Healthy Mindset by Managing Trading Fears
Strive for excellence, build confidence and increase efficiency by conquering your trading fears. To catch all the opportunities in the forex market, you must...
Traits of a Successful Trader
Trading, especially to the unaware, is generally intimidating. Some would even go as far to say that it's frightening! Over time we've heard it all: 'participating in the market is a sure-fire way to lose your shirt', 'the market is rigged', 'it's gambling' - the list is endless! So why, if all the above is true, are there traders that seem to almost effortlessly pull money out of the markets on a consistent basis? Is it luck, insider knowledge or were they just born with a trading gift?
Pivot Points: Are They a Worthy Addition to Your Toolbox?
For one to say that support and resistance (S/R) is important would be a huge understatement. It’s absolutely crucial!
We would even go as far...
Using Fibonacci Levels in Your Trading
An Italian mathematician who went by the name of Leonardo Pisano, or Leonardo of Pisa, was perhaps the most talented western mathematician of the...
How to Write a Trading Plan
The trading plan is a complete guide of what trader will do in the markets. The plan should include clear rules for entering and...
Using a Multi-Timeframe Approach
'It pays to know where you are in the bigger picture'.
We’re not entirely sure where this statement originated from, but it is certainly one...
Scalping the Forex Market: A Beginner’s Guide
An integral part of becoming a consistently profitable trader is finding a trading style that suits your emotional disposition. Fortunately, a number of trading...