Before having a detailed discussion on cryptocurrency, I will first have an insight in to “what is cryptocurrency and how it works”? I will have a discussion about its popularity and usage in Pakistan. We are going to highlight some pros and cons of cryptocurrencies and the advancement and utilization of these digital currencies in Pakistan and […]
Today the world and its economy are unavoidably transitioning towards a digital ecosystem. Every transaction is going paperless- investments, transfers, or name it! The global market is booming with the effect of cryptocurrencies. You can call it a virtual or decentralized currency that undergoes encryption. A means of payment similar to the traditional currencies like […]
Back in June, Reuters reported that the Forex market volatility had fallen to its lowest level, since before the COVID-19 pandemic roiled markets in 2020. The foreign exchange (forex) market was nearly frozen, as investors waited for clearer signals on inflation trajectory and the central banks’ response. Although volatility levels weren’t close to record lows, […]
Investing in forex trading can be a tricky business. You have to learn to think like the trader, which is very different from how most people think. Forex trading can also be a risky experience if you don’t have the right skills and knowledge. To become a successful trader, you need to know what works […]
Across the world, investing in Forex markets has generated interest. Currency trading was traditionally a preserve for multinational corporations and investors who were well-endowed. Nevertheless, the Forex market has opened up the financial market for average investors. For multinational companies in other countries, the foreign exchange (Forex) market provides a means of doing business. This […]
Whenever a forex trader or financial expert begins to clarify forex leverage for beginners, for most people, it tends to get a little too complicated. One of the most controversial instruments in the investment world is forex leverage or trade leverage, and for good reason. Leverage is often misunderstood and misused, leading to a bad […]
Traders who want to improve their efficiency and benefit should really learn new instruments and techniques, and the Stop Loss is one common instrument that first-year traders speak about. Pro traders are split as to whether or not Stop Loss is really beneficial. Here is a rundown of the pros and cons so that you […]
Forex trading is inherently risky. But only risky investments will help you earn profits. Novice traders may get lost in the jargon and snappy trading situation. Before you start trading with your real money, you should understand how to trade foreign currencies correctly. You can only learn it when you start trading and it’s best to start slow. […]
Forex trading (Foreign exchange), which buys one currency while selling another at the same time, has received a large number of media outlets as an attractive alternative to trading on the stock exchange. One of the reasons why Forex trading has become such a popular option is that Forex has a 24-hour market, reduced transaction fees, […]
Trading is something of a hobby for a lot of traders, and they approach it with the same level of disorganization as they do their stamp collection. Some hobbyists, on the other hand , take their actions seriously and act with military-like accuracy. For different types of people, both of those It could work very […]
Absolutely! With the introduction of micro accounts by Forex brokers several years ago, you can now open a cashless account and start trading with as little as $100. You can start Forex trading with just $100. But just because you can, doesn’t mean that you ought to. Actually, if you do, I think you’re going […]
We are firm believers here at dailybluepips.com that skilled traders are not born, they are trained, which is why we emphasise the provision of a wide range of free educational resources to begin your trading journey on the right foot. However, it is incredibly important to learn how to navigate your platform and to become […]
There are many papers talking about forex randomness and abruptness. Some traders believe that anything in the market can not be predicted. These researchers try to convince the readers that forex is just like a big casino. They do their best to demonstrate that currency movements can be estimated but never predicted, And luck, but […]
It’s really exciting to begin your trading journey, but beginners often become disenchanted with trading. Here are the top three tips for beginner traders to ensure that you get off to a great start and develop your skills to become a successful trader. Learn the rules, Play the game. It might sound a little scary […]
Tips to start trading for the dayTo maximize your day-trading profits, there are countless tips and tricks, but these three are the most important ones for managing the significant risks inherent in day-trading: Commerce with money that you can afford to lose. Setting aside a certain amount of money for day trading is paramount. Don’t […]
It is a business, not a hobby, to trade in financial markets. Trading in the markets is not a hobby if you are an experienced Forex trader, you know from your past failures and experiences, and it should be considered as a company with a proper forex trading plan, journal and mindset. The mindset is […]
Technical traders, who make their choices by looking at Price Action charts, generally trade from a different perspective. Their choices are not based on mere basic analysis. With their strategies, there are thousands of traders, but they are all narrowed down to three main sectors. They are: Indicator traders Price action traders Combined traders (using […]
