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Trading

The Importance of a Trading Journal in Forex

A trading journal is a powerful tool that helps forex traders track their trades, analyze performance, and improve their trading skills over time. In this guide, we’ll explore the need for a trading journal in forex, its benefits, and how to maintain one effectively. Why You Need a Trading Journal Performance Analysis: A trading journal …

ECN vs. STP: Which Trading Model Offers Better Execution?

Introduction Choosing the right trading model is crucial for traders looking to maximise their profits and reduce their risk. Two of the most popular trading models are ECN (Electronic Communication Network) and STP (Straight-Through Processing), which have distinct benefits and disadvantages based on the trader’s goals and preferences. This article will give an overview of …

Forex Market

How to Pick the Best FX Broker in the UK?

If you wish to start a career as a trading expert, the first thing you must do is choose the best forex broker. You need to consider all the trading costs associated with the selected broker. Trading is changing worldwide, and the right broker can simplify the job. Nowadays, brokers have become quite competitive and …

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Forex Market

Meaning and Importance of Forex Liquidity

Forex liquidity is the ability of the forex pair to be purchased and sold without impacting its exchange rate. A forex pair tends to have high liquidity if it can be bought and sold conveniently, and there is a considerable amount of trading activity for that currency pair. There is a lot of significance of …