Forex trading robots, also known as expert advisors (EA), are automated trading systems that operate based on algo signals to open and close Forex trades without human intervention. Algorithmic Forex trading emerged in the 80-90s due to the development of computer technology, which allowed for faster and partially automated trading processes. Some

In the competitive forex market, companies are offering attractive welcome bonuses to attract new clients. It is crucial for traders to prioritize investing with well-regulated and licensed companies, regardless of the bonus. A selection of forex brokers offer a $50 welcome bonus, with only a limited number being backed by reputable regulations. To

Forex trading can be a daunting task, but it can be approached in several simple steps. First, decide on how you want to trade forex. This involves understanding the forex market and its workings, opening an account, building a trading plan, choosing a forex trading platform, and opening and closing your first position. For those […]

The foreign exchange (forex) market is a global, decentralized market where traders buy and sell currencies. Operating 24 hours a day, five days a week, the forex market allows for currency trading across multiple time zones. However, different regions have distinct trading sessions and peak activity hours. South Africa, being part of the African c

Forex hedging is a strategy used by traders and investors to protect against price fluctuations and reduce exposure to currencies from other positions. Hedging involves strategically opening additional positions to offset or balance current positions, reducing the risk of exposure. Hedging is a popular method for traders to limit potential risks at

Forex market hours are 24-hours a day during the week, but closed on weekends due to decentralised venues. The market is divided into four major trading sessions: Sydney, Tokyo, London, and New York, which account for nearly 75% of FX daily volume. The market is open from 10pm (UTC) on Sunday when the Sydney session […]

Fundamental analysis is a method of evaluating markets using multiple data sources to find an asset’s fair value. It builds a holistic picture of a security’s strengths and weaknesses, and is used by traders in multiple asset classes, such as forex. Fundamental traders examine any data that is likely to have a significant bearing on [&h

A forex broker is a financial services company that provides traders with access to a platform for buying and selling foreign currencies. The foreign exchange market is a global and 24-hour market, with clients including retail currency traders, large financial services firms, and investors. Forex trading is primarily between pairs of currencies of

The foreign exchange (forex) market is a global, decentralized market where traders buy and sell currencies. Operating 24 hours a day, five days a week, the forex market allows for currency trading across multiple time zones. However, different regions have distinct trading sessions and peak activity hours. South Africa, being part of the African c

What is nfp in forex trading? Non-farm payroll (NFP) is a crucial indicator of the US economy, providing a detailed view of employment in various sectors. The US Bureau of Labour Statistics releases NFP reports on the first Friday of every month, which are widely watched worldwide. The report provides a comprehensive view of the […]