Aximdaily

Stop Loss and Take Profit Explained

Stop loss and take profit are two essential trading orders used to control profits and losses in a forex trade. Both orders are designed to decide how much you are willing to risk or make from each trade. This...

What is Tether (USDT) and How It Works?

Tether (USDT) is one of the first cryptocurrencies to be pegged to the US dollar, launched in 2014. Previously known as Realcoin, Tether has been among the top 10 most traded cryptocurrencies in 2021, with a...

Trading Glossary: What is a Reserve Currency

The reserve currency is vital for participating in the global economy through international transactions, payments, investments, and debt obligations. It can also be utilized to support the value of local...

How to Measure your Trading Performance

How do you track and measure your trading performance? What is the best tool to track trade performance? And, how do you evaluate how good or successful you are as a trader? Trading performance, tracking and...

How to Grow your Small Forex Account

Not every trader has the luxury of starting the trading journey with a big forex account. Does it mean that traders with a small trading account can grow their accounts? Yes, they absolutely can. Through the...

Most Popular Forex Currencies Nicknames

Forex currencies nicknames are common among professional traders. The forex market still has its specific terms that can put a lot of beginners off, despite the fact that forex trading is becoming easier every...

Top Forex Trading Terms You Should Learn

Forex trading has its special terminology set that every trader should be aware of. For beginner traders, some forex trading terms may seem subtle. You may, for example, have heard professional traders talking...

The Beginner’s Guide to Forex Technical Analysis

Forex technical analysis is the process of assessing the market conditions and choosing whether to buy or sell a specific currency pair. Analysis in the forex market is commonly divided into two main...

How to Plan a Long-Term Forex Trading Strategy

Using a long-term forex trading strategy has proved to be a very successful and lucrative trading approach that is widely adopted by professional traders. This strategy focuses on holding trading positions for...

What is Inflation and how it affects the Value of Currencies?

Inflation is an economic indicator that measures the rate of change in the prices of goods and services in the economy over time. It reflects the decline in the purchasing power of the currency. The inflation...

Education Articles

Forex Education Forex Articles

Stop Loss and Take Profit Explained

Stop loss and take profit are two essential trading orders used to control profits and losses in a forex trade. Both orders are designed to decide how much you are willing to risk or make from each trade. This may seem...

Trading Glossary: What is a Reserve Currency

The reserve currency is vital for participating in the global economy through international transactions, payments, investments, and debt obligations. It can also be utilized to support the value of local currencies. ...

Ways to Measure your Trading Performance

How to Measure your Trading Performance

How do you track and measure your trading performance? What is the best tool to track trade performance? And, how do you evaluate how good or successful you are as a trader? Trading performance, tracking and monitoring...

small forex account

How to Grow your Small Forex Account

Not every trader has the luxury of starting the trading journey with a big forex account. Does it mean that traders with a small trading account can grow their accounts? Yes, they absolutely can. Through the right risk...

Top Forex Trading Terms You Should Learn

Forex trading has its special terminology set that every trader should be aware of. For beginner traders, some forex trading terms may seem subtle. You may, for example, have heard professional traders talking about...

Forex Technical Analysis

The Beginner’s Guide to Forex Technical Analysis

Forex technical analysis is the process of assessing the market conditions and choosing whether to buy or sell a specific currency pair. Analysis in the forex market is commonly divided into two main categories;...

Forex trading strategy

How to Plan a Long-Term Forex Trading Strategy

Using a long-term forex trading strategy has proved to be a very successful and lucrative trading approach that is widely adopted by professional traders. This strategy focuses on holding trading positions for long-term...

What is the Spread? How to calculate Spreads in Forex Trading

The spread is a major concept in forex trading and it is basically the transaction cost for a trade. The trading fee that a trader pays affects the total cost of trading, that’s why it should be a key consideration when...

trading bitcoin

What You Need to Know Before Trading Bitcoin

Trading bitcoin has been a very attractive investment during the past few years due to the skyrocketing gains in a relatively short time. Bitcoin, the world’s top cryptocurrency, managed to catch the attention of...

forex demo account

Benefits of using a Demo Account for Forex Trading

The forex demo account is ideal for exploring, testing, and learning more about trading in a risk-free environment. Because forex trading provides unlimited possibilities for profiting while involving risks, a demo...

Moving Average Indicator

Moving Average Indicator: Ultimate Forex Trading Guide

The moving average (MA) is the most popular technical indicator in Forex trading. It is likely among the first indicators learned, and seen on most charts. The moving average is so common because it is simple...

Forex Education Forex Education

Understanding Bid and Ask Prices in Forex Trading

Bid and ask are common terms used in Forex and financial markets in general. It refers to the price that buyers and sellers in the marketplace are willing to buy and sell at. In other words, bid and ask indicate the...

Forex Education Forex Articles

The Top Benefits of Forex Trading in 2021

This year, the financial markets had several trends due to the rapid changes in the global economy and Covid. One of the major shifts in the market is the migration from cryptocurrencies back to Forex trading. In the...

Forex Education Forex Articles

Types of Forex Charts and How to Read Them

Forex charts help traders analyze the market and anticipate what could happen next. They are a visual representation of a currency pair’s price over a set period of time. Learning how to read forex charts is a very...

Forex Day Trading Tips and Strategies

Forex day trading is a popular strategy that focuses on buying and selling currency pairs within the same trading day. It is a short-term trading strategy where traders place a number of trades per day and close them by...

Automated Trading Systems

Trading Glossary: Automated Trading Systems

In Forex, automated trading systems are trading tools that execute trades on one or more currency pairs using pre-set rules for entering and exiting. Usually, traders tend to use automated systems to execute trades more...