Academy

Take Profit Guide: 3 Take-Profit Strategies for Forex Trading | ZFX

How to Set a Take Profit in Forex?

This article will introduce you how to set a take profit order on the MT4 platform, as well as the principles and skills of setting a take profit order.

Position management and planning

4.Position management and planning

It’s easy for beginners to get confused after they enter into the markets. The ultimate reason is that they don’t have a set of rules to manage their trading strategies.

Forex Factory

3.Be familiar with trading rules and contract specifications

Having read the previous article, investors should have some understanding of the basics of financial markets in general. Here we will introduce some points that investors need to pay attention to when entering the market to help you trade more efficiently.

Determine your investment direction and mindset

2.Determine your investment direction and mindset

As a trader, figuring out investment goal, like how and where to invest, and build the right trading mindset is a seemingly easy but difficult and lengthy process. This process will usually differ person to person and not be the same. Some may study trading strategies first, while others may begin going through many practical transactions. There may be experienced traders who have not understood it after a long time, and there may be newcomers who gain a sudden insight after trading for a short time.

What comprises a financial market? %%sep%% ZFX

1. What comprises a financial market?

In a broad sense, a financial market refers to a market whereby parties, no matter from the demand-side or supply-side, distribute capital resources through various financial tools. As a crucial stabilizing element in a capitalist economy, the financial market includes stock markets, bond markets, foreign exchange markets, commodity markets, and all derivatives markets.

What are Commodities? Commodity Markets Introduction | Z Academy

2. What are commodities?

Commodities are tangible assets, including agricultural products, raw materials, energy, and metals, which are often used in daily life as the basis for the production of goods and services. Commodities are normally described by “Bulk”, which generally refers to the asset class that is large in number or volume and involves considerable storage space. 

What are spot trading and futures trading? | Z Academy

3. What are spot trading and futures trading?

Spot trading refers to transactions that take place on the spot markets, where buyers and sellers need to deliver goods immediately or within a few days after closing the deal.