Introduction of MetaTrader 5 (MT5). Part 1

Introduction of Metatrader 5

The MetaTrader 5 (MT5) platform is the successor of the MetaTrader 4 (MT4) platform. It was developed and introduced in 2010 by the MetaQuotes Corporation, the same company that introduced the vastly popular MT4. As if the MT4 wasn´t feasible and handy enough to use, the company decided to take the older MT4 forex platform …

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XM is ready to adopt PesaLink and to be licensed in Kenya

How to deposit XM with Pesa Link

Most forex brokers have been of late trying to adopt M-PESA as a method of deposit and withdrawal. But unfortunately, most of them have taken into keenness on PesaLink. XM is ready to adopt PesaLink as the method of payment. The Central Bank of Kenya (CBK) and Capital Markets Authority has been warning Kenyans from …

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How to identify and form Pin Bar Candles

How to Identify and form Pin Bar Candles

Pin Bar, which is short for ‘Pinocchio Bar,’ is a single candlestick setup that clues price action traders into potential reversals in the market. A pin bar candle is an elongated wick that ‘sticks out’ from price action. Traders will usually look for one-sided wicks that are two times the size of the body of the candlestick. I. Identify pin bar …

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Make Forex scalping your way and earn every day

Forex Scalping

In forex trading, making money in a short time is called scalping. The scalpers accumulate money by doing a large number of trades in a day, and it may vary up to 200 trades. And trading time varies from a few seconds to several minutes. Forex scalping is a good method to make high profits …

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What is Forex Trading and How does it work

What is Forex Trading and How does it work

Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is how individuals, companies, and central banks convert one currency into another – if you have ever traveled abroad, then it is likely you have made a forex transaction. While …

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How to Read the Japanese Candles

How to read the Japanese candles

Just like a bar chart, a daily candlestick shows the market’s open, high, low, and close prices for the day. The candlestick has a wide part, which is called the “real body.” This real body represents the price range between the open and close of that day’s trading. In the first part, we are going to cover how to …

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The Reason Why Most Forex Traders Lose Money

The Reason why Most Forex Traders Lose Money

Most forex traders who come to the industry come with a poor mentality. Some hope that they will turn to be overnight millionaires without learning so much. This is why most forex traders lose money and quit in the early months of their trading. It takes about 3 to 5 years for anyone to graduate …

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Forex Tools & How to choose the right ones

Forex Tools and how to choose the right ones

Most traders fail in trading because they don’t have the best forex tools or they don’t know how to choose the tools. You may be a newbie or a seasoned forex trader. But, you can’t be a recluse and use your PC as an ATM of forex. To be successful, you have to connect with …

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10 “Expert Tips” that differentiate successful traders

10 expert Tips that differentiate successful traders

Do you want to learn the Expert tips that differentiate successful traders from gamblers? Well, there are a lot of them but today will are going to cover 10 of them. When you read about Forex blogs, you will find a lot of thoughts about the trader’s mindset. Pros in trading, professionals, and experts in …

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