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Currency Traders Club "Applied Knowledge is Power"

You can become a successful trader. It has been done before, and it is being done right now, today by people around the world. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, and if you are prepared to put in the work, you have a great project ahead of you. Being a member of Currency Traders Club you will learn the holly grail of trading which is by far money…

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Spreads and orders in online currency trading

Online forex brokers accept our orders according to their trading policies, which are spelled out in detail in the fine print in the contracts that we sign when we open the trading accounts. At Currency Trader Club we go thru and extensive overview of different brokers policies to make sure everything is understood. The key feature of most brokers` order policies is that the orders will be…

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Currency Traders Club`s top types of orders

At the end of the day if you don`t use orders, you probably don`t have a well-thought-out trading strategy- and that`s a recipe for pain. There`s an old market saying that goes “you can`t go broke taking profit.” We use take profit orders to lock in gains when we have an open position in the market. Partial take profit orders are take-profit orders that only close portions of our open…

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Executing a trade the Currency Traders Club way

There are two main ways of executing trades in the FX market: live trades and orders. Live dealing is done online and is how we access the market to buy or sell at currency market rates. Knowing exactly what we want to do is important, because when we make a live deal, it`s a done deal. Most forex brokers provide live streaming prices that we can deal on with a simple click of our computer…

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Spreads and what they mean

A spread is the difference between the bid price and the offer price. Most online forex brokers utilize spread-based trading platforms for individual traders. In on sense we can look at the spread as the commission that the online brokers charge for executing our trades. So even if they say they`re commission is free, they may be earning the difference when one trader sells at the bid price…

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Understanding Currency Prices

So let`s get down to brass tacks of actually making trades in the forex market. But before we get ahead of ourselves , though, it`s critical to understand exactly how currency prices work and what they mean to you as a Currency Trader Club member. When we`re in front of the screen and looking at an online forex broker`s trading platform, we`ll see two prices for each pair. The price on the…

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Pips, Pips, and more Pips

How to Calculate profit and loss

Profit-and-loss calculations are pretty straightforward in terms of math-it`s all based on position size and the number of pips you make or lose. A pip is the smallest increment of price fluctuation in currency prices. Pips can also be referred to as points; At Currency Traders Club we use them interchangeably. Most currency pairs are quoted using five digits.…

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Margin balances and liquidations

One of the benefits of trading currencies is that you can use leverage, which allows you to gaiin a large exposure to a financail market while only tying up a small amount of capital. The initial capital that we have to post to our account in order to open a trade is called margin.

Unlike futures markets or margin-based equity trading, online forex brokerages do not issue margin calls…

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The power of Candlesticks

#wetradefx (Currency Traders Club) we put our favoritism right out front for everyone to see: We love using candlestick charts to spot trade setups, especially impending price reversals. We think candlesticks are among the more powerful predictive tools in our trader`s arsenal, and we strongly

recommend the study of Candlesticks particular, we highly recommend reading Steve Nison`s Japanese…

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At the end of the day it`s all about profit an loss

As a Currency Traders Club member we understand that profit and loss measures success and failure. We don`t look at the forex market as some academic or thrill-seeking exercise. Real money is made and lost every minute of every day. Trading currencies at Currency Traders Club the understand of getting up close and personal with P&L is ia must.

A clear understanding of how P&L works is…

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To Go Long or Go Short that is the question

Forex markets use the same terms to express market positioning as most other financial markets do. But because currency trading involves simultaneous buying and selling, being clear on the terms is a must at Currency Traders Club.

A long position, or simply a long refers to a market position in which we`ve bought a security. In Forex, it refers to having bought a currency pair. When we go…

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The Major cross-currency pairs broken down

At Currency Traders Club we trade the crosses as well as the majors. A cross-currency pair, or cross or crosses for short, is any currency pair that does not include the U.S. dollar. Crosses enable us as currency traders to more directly target trades to specific individual currencies to take advantage of news ore events. For example, when we do our analysis at Currency Traders Club we may get a…

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Did you know Currencies come in pairs?

Forex markets refer to refer to trading currencies by pairs, with names that combine the two different currencies being traded against each other, or exchanged for one another. Additionally, forex markets have given most currency pairs nicknames or abbreviations, which reference the pair and not necessarily currencies involved.

Here`s a list of the majors and their nicknames:

-EUR/USD…

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We buy and sell simultaneously in the Currency Markets

In currencies, the purchase of one currency involves the simultaneous sale of another currency. This is the exchange in foreign exchange hence the word F O R E X. To put it another way, if you`re looking for the dollar to go higher, the question is “Higher against what?” The answer has to be another currency. In relative terms, if the dollar goes up against another currency, it also means that…

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Day traders come in big and small sizes

This is where us at Currency Traders Club fit into the big picture of the forex market. The vast majority of currency trading volume is speculative in nature, then most of that speculation is short-term in nature. Short-term can be minute-to-minute or hour-to-hour, but rarely is it longer than a day or two. Intraday trading was always the primary source of interbank market liquidity providing…

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High-frequency trading

High-frequency trading (HFT) is a type of algorithmic or black-box trading that has grown in significance in the last 10 to 15 years. It`s a rapid way to trade currencies and other asset classes. High-frequency traders move in and out of short-term positions in seconds or even fractions of seconds, sometimes aiming to capture a fraction of a cent of profit on every trade.

At Currency Traders…

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