Articles

A custom indicator in MetaTrader is a user-developed or third-party technical indicator that is not included in the platform’s default set. Standard indicators such as the Relative Strength Index, MACD,…

Adding an indicator to a chart in MetaTrader 4 is one of the most common tasks for any user of the platform. MT4 includes a substantial set of built-in indicators…

A forex demo account is a simulated trading account provided by a broker that allows users to trade in live market conditions using virtual funds. The account behaves like a…

There is no fixed answer to how many currency pairs a trader should follow at once. The right number depends on the trading style, the available time, the experience level,…

An Expert Advisor, commonly abbreviated to EA, is an automated trading program that runs on the MetaTrader 4 (MT4) platform. EAs are written in the MQL4 programming language and execute…

The forex market operates 24 hours a day, five days a week, opening on Sunday evening Eastern Time and closing on Friday evening Eastern Time. For traders based in Singapore,…

A win rate in forex is the percentage of trades that close in profit out of all trades taken over a defined period. It is calculated simply as the number…

The forex market operates 24 hours a day, five days a week, opening on Sunday evening Eastern Time and closing on Friday evening Eastern Time. For traders based in the…

The risk-reward ratio in forex compares the amount of money a trader stands to lose on a trade to the amount they stand to gain. It is expressed as a…

There is no single forex pair that is objectively best for traders based in Singapore. The right pair for any individual depends on their strategy, available trading hours, risk tolerance,…

A bull market in forex is an extended period during which a currency strengthens against one or more of its counterparts. The term is borrowed from equity markets, where a…

Volatility in forex describes how much a currency pair’s price moves over a given period. It is a measure of magnitude, not direction. A highly volatile pair can rise or…

Liquidity in forex describes how easily a currency pair can be bought or sold without significantly affecting its price. A highly liquid pair has many buyers and sellers willing to…

A drawdown in forex trading is the decline in an account’s equity from a previous peak to a subsequent low. It is one of the most important risk metrics in…

A bear market in forex is an extended period during which a currency weakens against one or more of its counterparts. The term is borrowed from equity markets, where a…

Going long in forex means buying a currency pair with the expectation that its price will rise. When a trader goes long on EUR/USD, for example, they are buying euros…

Going short in forex means selling a currency pair with the expectation that its price will fall. When a trader goes short on EUR/USD, for example, they are selling euros…

1:500 leverage in forex means that for every $1 of capital in your trading account, you can control $500 worth of currency in the market. A $1,000 account at 1:500…