Strategies - Exness Blog

Dont know which of our forex accounts is the best one for you? Try our guide. Be it long-time traders or beginners to the forex market, the question of what account to choose i...

In many ways, looking for the ideal forex broker is like shopping for a new car. You may want to visit different dealers to find the best vehicle, service, and price to suit your n...

Setting up a forex account with Exness is simple, safe, and easy. Just follow our handy guide. Step 1: Select an account Every trader has different needs and financial aspira...

Eid greetings from Exness! We hope you’ve had a blessed Ramadan, and we wish you a restful and happy Eid. With the end of Ramadan, Exness’ trading contest comes to an end too. 15 lucky winners have each received an iPhone XS, and one person will be taking a friend to watch Real Madrid in luxury! Let’s take a look at who won the prizes.

Exness offers a wide range of account types, all designed to suit a diverse range of trading styles. They are divided into two main types: Standard and Professional. Each account type offers its own set of conditions for commission, margin call, and leverage among many others.

While many strategies are very different, there are some general rules all strategies should at least loosely follow. Before coming up with a trading strategy, you need to have a sense of what you are trying to achieve. If you are not entirely sure what you’re trying to achieve, you cannot appropriately set goals for your strategy. But that’s just the beginning. In reality, there is so much to consider and what actually makes a forex trading strategy profitable is quite debatable. Let’s look at the most important things you need to set up a profitable forex trading strategy.  

Most traders will probably identify with swing traders or day traders and ideally before you start trading, you should know which of the two camps you belong to. First, we’ll look into the differences between the two and then discuss what factors you need to consider before deciding which one you should be.  

Let me ask you: Do you get stopped out of your trades only to watch the markets reverse back in your direction? Or perhaps you try to ride a trend only to get stopped out on the retracement. And you’re feeling… “Argh, the market is rigged!” Well, that’s because you put your stop loss at the same level as everyone else — and it makes you an easy target for a stop hunt. But don’t worry, all this will change. Because in this post, you’ll learn you’ll learn how to set a proper stop loss so you can reduce risk, maximize profits, and avoid stop hunting.

The Forex market is a specific financial market that trades over-the-counter. This means that there is no centralised exchange involved in the settlement of Forex transactions, like in the case of the stock market, and Forex market participants trade more or less directly with each other. There are certain benefits with over-the-counter markets such as Forex, including the ability to trade around the clock as the market doesn’t depend on the open market hours of a centralised exchange.

Price discovery is a process by which market prices are determined, largely by interactions between buyers and sellers. Learn more about price discovery, including what it is, how it works and why it matters in trading.

Safe-haven assets are used by investors to limit their exposure during times of market instability. If traders identify which assets are likely to appreciate while others decline, they can prepare themselves for market movements.

Political uncertainty is a key forex market driver, stimulating participation, order flow and volatility. Whether it's a forced regime change or democratic election, politics can quickly sway currency valuations around the globe. Accordingly, one of the most important forex market fundamentals is a U.S. General Election. Held on Tuesday, 3 November 2020, the U.S. General Election will decide the American government's makeup for years to come. Seats in the Senate and House of Representatives, as well as the next President of the United States (POTUS), will all be chosen as directed by the U.S. Constitution. For currency traders active during this period, it's important to be aware of critical events before, during and after Election Day.