Month: August 2019

How does Forex Trading Works?

Foreign exchange is No doubt the biggest financial market in the world with a daily turnover of $5 trillion, this industry keep growing everyday ever since it exists Foreign exchange or simply Forex is the trading of currency pairs.

Foreign exchange is No doubt the biggest financial market in the world with a daily turnover of $5 trillion, this industry keep growing everyday ever since it exists Foreign exchange or simply Forex is the trading of currency pairs. 
Over the period of time Forex trading has been a popular choice of traders and investors who seeks to make profits in this market by buying or selling a particular asset in less time. Since Forex trading is highly rewarding due to its high volume, volatility and leverage, traders often look to create great profits even with small price fluctuations. So how does this works? 
Well, In order to make profits in Forex, a trader needs to know the basics of fundamental analysis as well as technical analysis. When put together, traders come up with strategies that are highly rewarding.


There are hundreds of brokers out there who offer trading in the currency market and mainly, Day trading in the Forex Market has been a choice for many traders. 
Unlike the traditional stock market, the Forex market is open 24 hours a day and 5 days a week and nowadays it is mostly traded online. Hence, one can simply trade sitting at the comfort anywhere, with just a computer/laptop/phone and a stable internet connection. 
There are various types of trading methods that can be applied in Forex such as 
Day trading, Swing trading, Scalping and long term investment. 
Day trading is where you open your position with an aim to close it on the same day. However, there is no obligation to keep your position open as long as you desire. 
Swing traders are tend to trade in the direction of the trend and often enter their positions when a swing in the trend is confirmed. 
Scalpers on the other hand have a tendency to take multiple trades of small profits. Every trader in the world at some point has tried each of these methods and settled with the one that suits them the best. 
Trading in the financial markets involves high risk and one must take proper education before trading with some real cash. In terms of education, there are institutions, agencies, online websites, video tutorials and forums that provide huge amount of knowledge about Forex trading and most of this can be accessed for free. 
So if you are excited about trying out the Forex market, make sure you get a proper knowledge and understanding of it and then definitely you can take a step into this industry. Always remember, Forex trading is no gambling. Hence, this has to be treated as a serious business. 
Proper knowledge, guidance, and experience will definitely make you a successful Forex trader. 
Conclusion: 
Based on our years of experience, Trades Factory consistently scrutinize the market. We are passionate about serving our clients sensibly with the latest innovations in Forex tools and resources to train you in trading.

Some rules for Successful Trading

Forex trading is thrilling, accessible, instructive, and it offers immense opportunities to make money. Forex trading is similar to any other business in the world that involves risk, expenses, profit and management. Over 90% of traders loose in the market despite of the huge volatility and volume.
Self-learning can be harmful for you if you are doing it without any limits. So, you must have a guide on how to get success in Forex trading.
In the journey, to be a profitable Forex trader, you have to be target oriented and disciplined.

Forex trading is thrilling, accessible, instructive, and it offers immense opportunities to make money. Forex trading is similar to any other business in the world that involves risk, expenses, profit and management. Over 90% of traders loose in the market despite of the huge volatility and volume. 
Self-learning can be harmful for you if you are doing it without any limits. So, you must have a guide on how to get success in Forex trading. 
In the journey, to be a profitable Forex trader, you have to be target oriented and disciplined. When it comes to forex trading, the first thing that you need to do is understand the Forex trading and Forex market.

You have to be realistic if you want to achieve your goals related to your returns in forex. 
In order to be a successful trader there should be certain points that you should follow religiously. Set a goal on yourself, it could be something like 35% annual return on investment, earn 500 USD of profit, get a total of 100 pips per week. The important thing is setting a goal which is realistic and work upon those pointers to achieve consistent returns. 
Let’s have a look at some quick tips and tricks: 
1. Discipline and planned analysis before Trading 
It includes everything from when to enter and when to exit,how much you are going to risk, and how much profit you are going to keep with you. You should analyze your trading style and calculate your risk as per your investment that will help you to be a achiever. These rules will guide you to trade right way. 
2. Create different situations in your mind 
Creating all the different situations, winning and losing in your mind and the technique that you are going to use it after these situations, will make you become natural and habitual to Forex Trading. 
3. Analyze your trading 
Analyzing your trading at the end of each day will help you in grading yourself in trading. This way you will be able to point out your weakness. By analyzing yourself you will be able to see yourself whether you are working according to your rules or just lying to yourself. 
Treat your trading as your business, because you will have to face expenses, risks, stress and emotional trauma at a time. Keep this in your mind that a good trading needs to be in habits. One winning result doesn’t make you a professional and perfect trader. Hence practice it wisely. Always practice your strategies on a demo account before you are ready to risk your hard earned money. This will help you improve your trading without losing any money. Once you have a strategy and knowledge in place, you are good to get started with your real money and real profits. Keep in mind that financial markets are unpredictable and you need to have a way to keep the odds in your favor if you want to get success in your trading journey. The most successful traders are the most disciplined one. 
Trades Factory has a verified record of financial strength and consistency with innovative resources and leading this financial industry forward. Assuring you to earn your trust and dependability by delivering an outstanding trading experience with greater execution and steady cost. 

Happy Trading!

Signs that your Forex trading strategy is not going right

If you are in the Forex trading industry for a long time, then you must have come across lots of offers from Forex-related companies or the posts & suggestions from the social media sites and Google. Various Advertisements who claim themselves as guaranteed money-makers.


People like us get quite convinced by the service provider who claim to make $200/day or 4000 pips/month and want to know the strategy involved so that can use the same, right? Many of us may take a bite and buy what they are providing while other people jumble up to develop the closest thing they can.


Creating your time outlines, indicators, your own open and close restrictions, and risk management strategies accelerate the possibilities of the system correcting your trading personality and you follow the system’s rules.


Whether you buy your strategies from the financial companies or create it by your own. You should know that it takes time, patience, emotional control and discipline to achieve the target. Examining the profitability of your Forex Trading strategies means sticking to them for long enough to estimate its strengths and weaknesses.


But once you realize that the system you’ve bought or created isn’t working for you, what you do? How you put the line between the wrong trading day and a fruitless system, it’s hard to distinguish isn’t it?


Here are some situations when it’s better to let it go:

You cannot continuously follow your own Forex Trading rules.
At times, you can make or break your trading system with just your one or two trades. The important thing is that you cannot evaluate the effectiveness of a trading strategy if you do not use it constantly. If you think your system is too explicit, formless, or difficult for you, then create the necessary tweaks or conduit it all together.
Your trading system requires more hard work than it needs
Do you need to be attentive all the time for your strategy to be profitable? Do you need to check on lots of indicators before you confirm a signal?
If you are not happy with your trading system for a long time or if you think that you would make more or less the exact number of pips than you haven’t used it, then it’s time to look at other options.
It takes time, hard work, sleepless nights, discipline, effort, emotional control and maybe a few quantities of luck as well before you find a profitable one that also fits your Forex Trading personality. You can’t be lazy or fearful to ditch an unproductive system for a new one.
We here, at Trades Factory believe in creating Forex Trading strategies through experience and knowledge.