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4 Useful Forex Trading Indicators

By: Elite Legacy Education, June 7, 2017

In previous articles we’ve discussed various methods for trading in the forex market – specifically with technical strategies. It can be daunting knowing where to start so we’re going to introduce a few indicators to get started. Once you’ve got a grasp on these, you can use them to help execute profitable trades. Each of these indicators relate to technical...

Top 4 Major Currency Pairs in Forex

By: Elite Legacy Education, June 6, 2017

Have you ever wondered what the most popular currencies in the world are? Well, it wouldn’t take too many guesses to recognize that the US dollar is likely one of the top candidates. The euro also stands as a likely candidate given the sheer size of the European Union (EU). The most popular currency pairings in forex. A trade involves two sides...

The Basics of Automated Forex Trading

By: Elite Legacy Education, June 2, 2017

It can be a lot of work sitting at a computer day in and day out with your eyes fixed on the forex market. Watching as all the currencies fluctuate, trying to figure out when to execute a trade. Wouldn’t it be easier if a program could execute perfectly timed trades on your behalf? Well, it turns out that such...

Basic Strategies to Help You Trade Forex

By: Elite Legacy Education, April 11, 2017

Basic Strategies to Help You Trade ForexThere’s no doubt that money can lead to making more money, but when it comes to forex trading it is easier said than done. The international economy is extremely complex with a variety of macroeconomic factors affecting the strength of each nation’s currency. Generally, forex trading requires you to be more active than other...

The Basics of Trading in the Forex Market

By: Elite Legacy Education, January 30, 2017

The Basics of Trading in the Forex Market What is Forex and the Forex market?Whether you have realized it or not, you have probably participated in the foreign exchange market at some point in your life. Essentially, the Forex market deals with the trading of currencies between countries.Have you ever gone to the bank or a foreign exchange service and traded...

Factors That Affect the Forex Market

By: Elite Legacy Education, January 24, 2017

Factors That Affect the Forex MarketThe Forex Market is a tricky trading arena where many factors come into play. Unlike traditional stock markets, we are no longer just dealing with companies and their future prospects. Rather, the focus is now on the currencies of our world, which can be affected by many factors in each country. I guess you can...

What Are the Three Types of Forex Market Analysis?

By: Elite Legacy Education, October 18, 2016

What Are the Three Types of Forex Market Analysis? Analyzing the market is one of the most important things you can do as a Forex trader. Whether you’re a beginner or seasoned veteran, you need to know how to look at the market and creatively conceptualize profitable trades.What newcomers quickly realize is that there are three types of analyses that can...

How Did Brexit Affect the Worldwide Markets?

By: Elite Legacy Education, September 20, 2016

How Did Brexit Affect the Worldwide Markets?* *This article is NOT an endorsement of any political candidate or viewpoint. The information is being presented from the original source(s) so that readers may draw their own conclusions.The unpredictable and historic vote for Britain to leave the European Union (EU) will likely remain as the most influential event of 2016, taking a narrow...

The Pros and Cons of Naked Forex Trading

By: Elite Legacy Education, September 15, 2016

The Pros and Cons of Naked Forex Trading Forex trading is known to be one of the most profitable yet dangerous forms of stock investing. The foreign exchange market trades trillions of dollars per day, yet many traders burn out due to the high-pressure stakes that come from the market’s extreme volatility. You cannot control a stock in this game of...

What Are the Downsides to Investing in Forex?

By: Elite Legacy Education, August 30, 2016

What Are the Downsides to Investing in Forex?Everyone likes to tout the benefits of making an investment in the financial markets, particularly the forex market. You hear about all the positive life-changing stories of people who were able to take a small amount of money and turn it into millions of dollars overnight. However, don’t be so easily fooled by...

How Can I Benefit from Forex?

By: Elite Legacy Education, August 29, 2016

How Can I Benefit from Forex?Due to the extremely high trading volume that exists within the forex market, experienced and new traders are looking to forex trading as a great way to make some good income. While they may mean well through their intentions, the harsh reality is that 90% of people who go into the forex market end up...

What Is Forex?

By: Elite Legacy Education, August 26, 2016

What Is Forex? If you have ever read any journal or newspaper that is related to the stock market, you will probably have seen the words “forex,” “FX,” and “foreign exchange market” pop up often (they all mean the same thing, by the way). Let’s briefly explain these terms. Imagine an exchange that is taking place between two currencies. You decide to...

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