Forex Basics | Trading Platforms

MetaTrader 5 (MT5)

Introduction The name MetaTrader 5 will sound familiar to everyone in the forex trading space even though not everyone might just be conversant with it. This is because it is an improvement on a much more popular platform MetaTrader 4 produced by the same company – MetaQuotes Software Corp. In this post, I will be…

Forex Basics | Trading Platforms

MT4 vs MT5

Retail forex trading is done through online platforms. These platforms vary widely as different brokers provide customized and varied trading platforms to their clients. In spite of this variety, there still exist some platforms that are universally accepted and are offered by most brokers to their clients. Two universally accepted platforms – MT4 and MT5…

Forex Basics | Trading Platforms

Forex Trading Platforms

The forex market is by far the largest financial market in the world, and to participate in it as a speculator (retail forex trader), you need a platform. Basically, forex trading platforms are “consoles” from which traders can view, analyze, and place orders. These orders are received by the broker which then executes them. Therefore,…

Forex Basics | Technical Analysis

Forex Candlestick Patterns

Technical analysis in forex requires the identification of price patterns formed on the chart. Identification can be done by mere recognition of specific formations on the chart or through the use of technical indicators. Talking about specific formations on the chart, some can be recognized on almost all chart types while some can be recognized…

Forex Basics | General

The MQL5 Market

MetaQuotes Software Corporation is one of the biggest names when it comes to forex software. This company is responsible for the design and development of MT4 and MT5 the two most popular forex trading platforms in the world. In accordance with their success, they have also created the largest market for forex software – the…

Forex Basics

Forex Signals

Forex signals are trade directions provided ideally by a skilled and profitable trader to other traders who have not quite attained the same level of mastery but seek to make profits from the forex market. It sits on the basic logic of a product being supplied to meet demand. Sometimes people who are not so…

Forex Basics | Forex Brokers

Best ECN Forex Brokers

Forex brokers can be classified based on their mode of execution. The types of brokers are market makers, straight-through-processing (STP), and ECN brokers. The last two belong to the no-dealing-desk (NDD) brokers. In this post, I will be examining the best ECN forex brokers. ECN brokers are brokers that employ ECN technology to connect their…