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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Exchange Rate on Forex
Exchange rate is one of the key concepts on Forex. Traders sell one currency, buy another and earn on the difference in rates. When...
What is the US Nonfarm Payrolls or NFP?
The United States nonfarm payrolls report is probably one of the most important economic releases every month. The nonfarm payrolls or NFP for short has a strong influence on the markets, even if it's just short-term.
How to Trade Forex for Beginners
With the improvement of technology in the late 20th century, the world of forex trading opened up to the internet. By 2004, forex had developed into a $1.9 trillion a day market. As of 2016, the daily volume surpassed $5 trillion a day! Gaining access to the markets is relatively easy. The creation of the Internet made it possible to trade currencies anywhere in the world with internet access, 24 hours a day five days a week.
ECN Forex Trading Explained
Trade execution usually doesn’t rank that high for most traders, especially in the retail forex business. That being said, the past few years has...
FX Currency Pairs: Majors, Minors, Pairs and Crosses
As with any discipline, the world of FX is full of technical terms and jargon, which to the uninitiated can seem a bit daunting...
Learn How to Become a Grade A Student of Forex Trading
Start off strong and ace your forex trading education. Through good forex education, traders can become successful no matter what strategies they apply. To do well in both execution and analysis, you must first learn how to become an efficient and knowledgeable trader. When initially focusing on education, traders can begin to understand the market and learn the best ways to profit from it. For long term success, master forex education to build a healthy and profitable trading career.
5 Common Trading Mistakes and How to Avoid Them
Forex Trading is definitely not rocket science. Simple and subtle guidelines can allow aspiring traders to progress up the learning curve and become consistent in a relatively short period of time. These very guidelines have worked for centuries. Back in the early 1900s, Jesse Livermore used the exact same guidelines to make his fortune.
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?
Trading Plans – A Forex Trader’s Friend
“Everyone has a plan ’till they get punched in the mouth” – Mike Tyson
In the fast moving world of Forex trading, where high-concentration is...
Do You REALLY Have What it Takes to be a Successful Forex Trader?
Trading any market consistently is difficult. It tests you in ways you’ve not likely been tested before, with the majority failing to achieve their...
Everything You Need to Know about Confluence
To say confluence is powerful would, in our humble opinion, be a huge understatement! We agree that individual pattern recognition is worthy of attention, but without additional confluence it is not something we would entertain as a conceivable setup. .
What is Scalping in Forex Trading?
When people are talking about small-time online Forex trading, they almost always talk about scalping. After all, it is one of the most profitable...
The Secret Behind Bearish Trend Reversals
Trader's looking to enter the market are often sent off on a journey to discover the 'holy grail' of market entries. They study numerous theories; Japanese candlestick reversals, contrarian theory, oscillator divergence, wave theory, and others. Traders who are just starting out, put their trust in indicators and oscillators and rely on them make the decisions on when to place an order - and the more indicators/oscillators they discover, the more they add into their strategy.
Basic Market Structure
While indicators certainly have a place, very little trumps good old fashioned market structure.
As you’ll see demonstrated in the following article, building trading ideas...
Short Selling – Forex Trading Strategy that Works
Among different strategies for online trading special attention has been given to the idea of Short selling. You definitely heard “go short” phrase from...