Difference Between Major, Minor and Exotic Currency Pairs

In forex trading and when you are doing forex analysis, you will be dealing with currency pairs a lot. Before we get into the details, let’s see an explanation of what is a currency pair.

Four Types of Currency Pairs and Their Characteristics

It goes without saying that there are quite a considerable number of currencies that forex traders can choose when trading. However, the vast majority of forex currency traders tend to concentrate on common pairs, such as the EUR/USD, GBP/USD, or USD/HKD etc. But there are certain types of currency pairs.

Here we provide a brief overview of some of the characteristics of four of the most common currency pair types, and why they are important for trading.

How to Read and Understand a Currency Quote

After you have downloaded and opened the Metatrader 4 software and started familiarising yourself with the platform, the first thing you will most certainly come across is the forex price quote for your chosen currency. The quote is basically a record of a previous transaction in which a currency pair changed hands.

Technical Analysis

This blog will focus on topics that are connected with technical analysis and will aim to explore the advantages of doing technical analysis. 

Forex Trading Platform

Forex trading platforms are often used in conjunction with equity trading platforms for avid market day traders. LeoPrime offers a wide variety of currency trading platform solutions for you.

How to Read an Economic Calendar

The economic calendar is one of the most important trading tools that every forex trader should be using on a daily basis and have their finger on the pulse all the time. The Forex economic calendar details upcoming economic releases, speeches, interest rate meetings, and much more. Economic calendars operate on a much shorter timescale and they are generally released every hour or so.

Successfully Using the LeoPrime Demo Account to Your Advantage

Irrespective if you are new to trading or not, opening a demo account is an excellent way to test out the services provided by an online forex broker, such as LeoPrime. It is quite easy and basically involves putting in an initial deposit of US$50. At LeoPrime, we understand that sometimes people need to build trust and loyalty with the company, and opening a demo account is one way of doing that.

5 Tips to Improving your Trading Decisions

There is a tendency for forex traders to think that everything will be perfect. You will get up every morning and hope that the gods will smile on you and you will gain positive results from the majority of your trading. Sadly, of course, it doesn’t always go well like this.

3 Strategies for Trading Forex News

With the world going through the fourth industrial revolution, namely the digital transformation revolution, these are indeed exciting times when it comes to forex trading because the volatility rates are quite high.

Forex Trading: Five Habits That Drive Continuous Improvement

So, you want to be a forex trader - not any other forex trader but a successful one. So, how do you do it? We all know that there are certain things that drive some people to do something, so what drives successful forex traders to become good at what they do? Are there are any set habits that they stick to? If so, then what are they? Well, the team here at LeoPrime have come up with five habits that successful forex traders stick to. Check them out!