Top 4 Essential Skills for Forex Trading in Philippines 2019

The difference between an ordinary trader and a successful trader lies in the vastly varying skill-set. The latter is sharp, disciplined and extremely driven, while the former is lethargic and rigid. Apart from the mentality, there are many skills Forex traders are required to have in order to see success. Several traders make the mistake of going all-in on their trades and ultimately failing to improve on them. As a novice, you can tentatively afford to house ignorance. But if you're looking at making good profits in Forex trading and thrive in the long run, there are some skills you'll have to attain.
 

Here are the 4 most important Forex trading skills you should have:
 

Top 4 Forex Trading Skills to Win the Trade

1) Analytical Skills: If you plan on Forex trading in the Philippines, analytical skills are an obvious must-have. The currency trading markets are unbelievably volatile with massive risks at every cusp! You will have to employ analytical means like fundamental analysis or technical analysis to find out where the markets are moving towards and bag good trades. Start off by reading the theoretical aspect of Forex trade analysis, then move towards demo trading experimenting and self-learning!  
 

2) Mental Fortitude: Many a rough trade will come by to leave you shook. How resilient you are in the face of Forex trading adversities will pave a way for your trading career. Forex trading is a volatile domain with risks abounding. Only when you're mentally adept and firm will you be able to stand headstrong in the face of a risky trade!
 

3) Keeping Apt Trading Records: If you keenly observe Forex trading professionals, you will notice that they all maintain a trading journal or a diary to keep a track of their trades. The reason behind this is simple - when you have a neat collection of your trades, analyzing them becomes easier. You will be able to correct your past mistakes, improve on your Forex trading strategies and ensure you don't commit the same errors again!
 

4) Understanding Forex On The Ground Level: Successful traders spend more time learning than earning. Once the day's trading quota has reached, they dedicate time to research and study further about Forex trading. To truly see consistent wins and have a flourishing track record, you have to learn and understand Forex from the very basics.
 

Forex trading in Philippines is going to be quite the challenge, for novices and professionals. You will need the backing of an expert if you're going to take to the top! Join hands with one of the top Forex brokers today - WesternFX. Avail our world-class Forex brokerage and see stellar results come by! Call us today to know more.

Does CFD Trading Suitable For You – Here’s the Checklist

CFD trading has become one of the most popular trading domains and a very sought after way to invest in other financial commodities. With CFDs allowing traders to employ leverage on financial assets that otherwise can't be leveraged, we can observe a huge shift from the latter's markets to the formers. While lucrative in multiple ways, CFD trading is by no means an easy ordeal. The markets can get nightmarishly risky in minutes and leave you to lose all your trading capital!
 

What makes CFD trading so appealing is that it allows traders to trade without buying the underlying asset. You need just pay for a contract and speculate on an asset's rise or fall in value! In addition to this, markets like the stock exchanges don't allow traders to leverage, but with a CFD you can hold high-value trade positions on any commodity!
 

What is a CFD?

CFD Trading Checklist

CFD means contract for a difference and is a derivative that can be traded on a number of financial instruments like currencies, stocks or indices. You have to buy a contract at a given price and speculate on the asset's value hike, if it goes up when you're selling it, you will make a profit. It is essentially an agreement between two parties to trade the difference in the asset value. The key point here being that the asset itself isn't being traded; only its value is being speculated on.
 

How Does CFD Trading Work?

CFD trading works no different than a normal trade. Take stocks for example, if the value goes up, you will see profits, and if it goes down, losses. So what makes CFD trading so special? As a CFD trader, you need not own the asset. In the stock exchange market, for example, you will have to purchase the stocks. This won't be necessary while CFD trading! Additionally, CFD allows you to leverage your trades to increase the profit potential. 
 

What Makes CFD Trading Unique?

1.    You only pay the spread amount, nothing extra.
 

2.    There's an extensive array of financial commodities like indices and currencies to choose from.
 

3.    One trading platform allows you to access all the other markets you want.
 

4.    CFD trading allows traders to trade both ways. This means that you can profit from falling markets just as you can from ones that are rising.
 

Grab your trading platform today and get started! With WesternFX by your side, you can start CFD trading right away. Our seasoned veterans will provide you with all the tools you need to excel at your exchanges and make big profits swiftly. Reach out to us now to know more!

Top 4 Forex Trading Tips for Beginners in Philippines

Spread trading is the art of making directional trades with smaller risks. When you buy and sell the same number of assets on varying rates, you are spread trading. A killer strategy, spread trading if employed right can bring in stellar profits. However, like all things in Forex trading, proceeding without a plan can prove to be extremely dangerous. Traders often experience a swift downfall due to poor implementation of strategies or the lack of preparedness.
 

Here are 4 spread trading tips to help Forex traders get on their feet and make profits: 

Basics of Forex Trading for Beginners

1) Always Do Your Homework: As a beginner, the one thing many fail to do is research. They are bubbling with energy and ache to enter the live trade markets. But without the backing of the necessary knowledge, you will stumble immediately and crash early. It always takes time and experience before a trader can see success. To succeed early, however, a good amount of research is required.
 

2) Demo Trade Until Sure: Demo trading is done to test out Forex trading strategies and to learn how to trade. Once you have the knack for strategizing, spend ample time on a Forex demo platform perfecting your approach. While many traders are skeptical about demo trading, it provides an unmatched real-time learning experience. Though these platforms don't imitate a live trade exactly, they are ample for the ones wishing to learn and test trading approaches.
 

3) Start Off Small: Give a novice $1000 and he will blow it by the end of the day, give a professional $1000 and he will turn it into $10,000 by the weekend. How do the latter multiply investments? By taking smaller but surer steps. It isn't about how much capital you have. It is how you invest that matters most. Beginners almost always look to put all their money into thinking it will come back incremented, but it won't. Always start off small and grow in humble amounts.
 

4) Study The Markets: The result of every trade is ultimately decided by the research put in. If you have studied the markets well and trade accordingly, you are bound to see better profits. Erratic market conditions are the reason behind several Forex trading losses; study them, and you can dodge most!
 

Get started with Forex trading in Philippines on the right note - get started with WesternFX! Our seasoned veterans will aid you through trades easy and hard, making sure you emerge successful through them all. Assisted by world-class strategies and equipped with modern trading platforms, you will be able to make winning trades in no time.  Try a Forex demo with us today and see the potential for yourself!

Pros and Cons of Forex News Trading Strategies in 2019

The past few years have seen news trading rise rapidly and become one of the most prominent Forex trading approaches. Traders and experts everywhere are always on the lookout for nailing down the most perfect Forex trading method. While perfection and effectiveness ultimately boils down to how the market conditions are, news trading is one approach that's evergreen. Several thousand traders have seen it bring tremendous results, and it continues to be one of the go-to Forex trading strategies for players worldwide.  
 

Forex News Trading:
 

Forex News Trading Strategies Pros and Cons

 

Foreign exchange markets are heavily impacted by economic, political and social developments. Most of this gets summed up by major news events. It can be noticed that whenever major news releases happen, the currency markets see a rise in volatility. Only when a country's economy is stable will its currency be of significant value in the markets. News traders focus on studying the country's economy to gauge their profit potential. With the Forex news trading approach, the above-mentioned three factors will always have to be watched out for. 

 

When you trade with the latest information on your finger tips, profit will be quick to come by. However, there's more to trading than simply placing exchanges based on economic happenings.
 

What Makes Forex News Trading So Hot In The Currency Markets?
 

Forex trading is a field where most traders come to make quick profits and withdraw their stance before losses slip in. Trading the news allows them to make trades that are unbelievably accurate. When trading news disrupt the market, volatility levels see a new high - and that makes currency trading all the more exciting for traders everywhere. If there's one thing traders enjoy more than profits, it's the raw adrenaline gushing through them during intense trades - and that's precisely what news trading brings to the table!
 

Forex News Trading Pros:
 

Some traders want to have a more stable trading career and don't want any big ups and downs. News trading, however, is a high risk high reward Forex trading strategy that puts you against markets of huge tides that could drown you, but could also fills your bucket with hundreds of fishes. On a daily-basis, watching the news releases will give you information that can be employed to make the most out of each trade, giving you a clear competitive advantage.
 

Cons of News Trading:
 

Forex news trading, unlike other approaches, is more reaction-oriented and less relatable with a planned strategy. Sudden shifts that the markets see due to economic developments can set the seas moving in other directions, ones you wouldn't have predicted. To add to this, there's slippage to worry about. Even with a stop in place, a slippage will cause you to lose trades irrespective of the measures taken!
 

Forex news trading is no less than a rollercoaster ride with the brakes off. You never know where the next turn will be, and you won't have time to prepare for it! Don't let market volatilities catch you off-guard; pair up with a reliable Forex broker like WesternFX and watch your risky ordeals pay off. Call us now to know more about news trading and how to win with it! Also, get a Forex demo account for your practice absolutely free, within minutes.

Should You Trade using Forex Trading Signals to Make Profit?

Much like the false claims of 100% profits that many brokers make, Forex trading signals are no different. The providers behind these signals put up plenty of claims promising money and good returns, and this to novice’s sounds like a blessing! They, in turn, spend more on these signals than trades themselves. Don't be mistaken, when availed rightly, Forex trading signals can be of great use. However, many providers see this as an opportunity to cheat traders into giving them money in return for a service which barely deserves the investment given!
 

What are Forex Signals?
 

How Forex Trading Signals Benefits the Traders

Forex trading signals are alerts sent by providers through e-mail, text messages or through social communication platforms. This provider doesn't necessarily have to be a human! Sometimes, signals are sent by Expert Advisors, also known as trading robots. By studying the market trends and seeing your trading criteria, it arrives at a sensible conclusion and sends out these alerts punctually.
 

A good trading signal is made up of three main elements:

1. Currency pair suggestion 
2. Entry point 
3. Profit point and stop-loss placement suggestions
   

As a novice, this all will seem incredible. You will believe signals to be some sort of guarantee to your trades. After the first few trades, Forex players come to the scary realization that currency exchange is times more difficult than it seems. With this field as arduous as it is, many try to find shorter ways to profit from it. One such way is employing signals. The thing is, Forex signals aren't bad in any way, and they just inhibit your learning experience.
 

Knowledge you could gain by performing some in-depth analysis, they deliver automatically, thereby keeping you from employing educative means and learning better about markets! Online trading is a field where the learning curve gets steeper with every milestone met. The best way of approaching this is to research, come up with a planned trading technique and keep analyzing the influencing factors.
 

While you may think that using signals will magically amplify your trades, the truth is not nearly close. With a planned approach, you can easily cruise through trades, mitigate losses and make a good winning each day! And even on the day, you make losses, you will learn important lessons that will help you trade better down the line.
 

Don't fall for the trap most scammers set! You have a bright Forex trading career ahead of you. Reach out to the experts at WesternFX today, and with our guidance, you will be able to soar higher than ever! Call us now, talk to our professionals and you will know how!

Top 6 Forex Trading Strategies to Try in Philippines 2019

Be it a job as simple as making coffee or something as complex as trading currencies - a strategy is a requisite. Say you ended up adding salt instead of sugar, what good a coffee would it be, right? The same analogy can be used while Forex trading in Philippines. When you try to trade without having a powerful strategy, the outcome will be worse than having salty coffee! A Forex trading strategy gives you direction, goals and illuminates the path ahead, so you can walk down without tumbling. As a currency trader, you will find yourself in a field that is incredibly flexible. 

Novice traders can implement simple strategies while the experienced can work with complicated approaches - and both can see stellar profits!
 

Be it a rigorous, time-intensive approach or a calm, long-term plan, you can choose from a variety of Forex trading strategies, and here are the 6 best ones: 

6 Forex Trading Strategies to Try in 2019

1) Trend Trading: Undoubtedly one of the most successful Forex trading strategies in practice today, the trend trading approach requires immense amounts of patience, but pays off big-time. Just like the name suggests, you trade the trend. With this approach running, you will have to study trends as they rise and fall. What makes trend trading challenging is that you have to employ analytical methods like technical and fundamental analysis, to read market changes and make accurate calls. Aspects like trend momentum, strength and the general life of a trend have to be measured. 

These points will let you judge how viable a trend is and measure the value it carries, allowing you to invest wisely and make the most out of each trade.
 

2) Price Action: Price action is a trading strategy employed by a number of Forex traders due to its easy-to-use nature. By studying the movement of price value, you get to gauge its credibility. With a keen eye, you can understand what's influencing the bulls and the bears of the market and accordingly make your trade. A bullish Forex trading market means you should buy, and a bearish one indicates a selling trend. A number of indicators and methods like candlesticks, support/resistance charts can be used to analyze the trade. 

What makes the price action approach so favorable is that you can use this on markets that are volatile, stable or ranging - pretty much anywhere!
 

3) Counter-trend Trading: Known for the tremendous success rates, the counter-trend Forex trading strategy can be just as confusing as it is viable. Traders often employ this solely out of a reliance on that success rate! Trend reversals are banked on in this approach. Counter-trend trading is times more complicated than trend trading because predicting trend reversals is a difficult task and involves rigorous analysis.
 

4) Breakout Trading: Trends are everywhere while Forex trading in Philippines; either they are forming a new, or breaking out. The breakout trading strategy sees traders enter exchanges just when the market is breaking out of a new trend. In this emerging trend, if the price is seen moving beyond the resistance level (breaking out of it) a bigger hike can be expected. Likewise, if the support level is broken, it should be acknowledged that selling is the best move.
 

5) Range Trading: As a range trader, you enter the Forex trading markets with an assumption that the currencies you are working with will hold stable values for a certain time period. Keep two points in mind - the point where a seller sells, and a buyer buys; these price points are the extremes between which a certain currency value is expected to be in. The supply and demand ratio is one of the key factors affecting said price points, and as an adept trader, you will have to be aware of the current economic state of the currencies you are trading.
 

6) Scalping Strategies: Scalping is one of the most profitable strategies implemented while Forex trading in Philippines, but rigorous all the same. An incredibly short-term trading strategy, the trades last only for a few minutes tops! Scalpers have to work many trades a day, each lasting from seconds to minutes, and make small profits. Don't be misled that the short nature of these trades is synonymous with lack of profit. 

As a scalper, you will make small profits, but this will all add up to one large sum at the end of a day - which is the time limit for every scalping trade!
 

The coming years are very promising for all those participating in Forex Trading in Philippines. Profits lie in waiting, and with a strong strategy to work with, you can see consistent victories. Come sign up with WesternFX today, and strengthen your Forex foundation. With our experts to help you through all your trades, success will come by in no time! Call us today and our executives will get you started in a jiffy.

3 Reasons Why Forex Trading Can Lead You to Big Money

The rumors you hear about Forex trading being a wealth machine are true to an extent. While indeed there are no shortcuts to getting rich, there definitely are riches for the taking! The foreign exchange markets have a huge trading value of about $6 trillion, making it one of the most profitable fields today. This fact alone acts as a strong lure and reels in thousands of traders. Many of these traders trade half-time, either after their day jobs or just as a hobby, and they go back home with a heavy pocket.
 

Forex exchange trading is a terrific market to thrive in, with opportunities surfacing daily. Done right, you can establish yourself as an expert trader and mint good money! 

 

Here are 3 ways for you to capitalize on the Forex goldmine:
 

Reasons Why Forex Trading Leads to Big Money

 

1) Study The Markets: Market knowledge is the first-most important requirement to succeed as a Forex trader. Profits only come later, your first few ventures will have to be focused on hitting the right market points. Spend ample time studying how the currency markets move, and what influences these movements. Be it global economical shifts or political factors, or social causes - only when you have a good understanding of these underlying elements can you expect to win at Forex trading in the Philippines.
 

2) Pick Your Strategies Wisely: Most novice traders fail because of the lack of few good Forex trading strategies. Choosing a trade plan in itself is an art! You have to keep everything from your expectations to the timeframe, to the outcome in mind while strategizing. A simple example would be that small-scale strategies like scalping won't work on week-long timeframes, and vice-versa. So when you plan to, take all the affecting (currency, timeframe) and affected (profits, losses) factors into consideration.
 

3) Manage Your Capital: The ground reality is just so simple - no money, no Forex exchange. Without having enough capital, you can't place trades. Money management is a skill that will come in handy till the very end. "Risk only what you can afford to lose" - that's what every professional says, but to lose money, you need to have money. Play it safe with your investments and don't go overboard.
 

Cement yourself as an established trader, and see recurring profits while Forex trading in Philippines! Call WesternFX today - the world's leading Forex broker, and rise to the top equipped with the stellar means we provide. Foreign exchange markets today are incredibly profitable, and with our backing, you can mint good money!

How to Get Started in Forex Trading in Philippines 2019?

Getting started with any field is often going to be messy. Mostly because of the initial stages of confusion and wrong choices sabotaging your goals. When it comes to Forex trading, getting started is very easy, on paper; all you need is a little initial investment, a good trading platform and some basic trading knowledge. After a slightly shaky start, you will witness the trades getting tougher and the markets, tighter. Somewhere between your first few trades and the far end of your last ones is where the difficulties lie!
 

To have a successful run as a Forex trader, you will need to hone yourself from the very beginning. 

Here are 4 simple tips to get started off:
 

Forex Trading Tips for Beginners

1) Understand Your Goals: To get the best start while Forex trading in the Philippines, always keep a goal to work towards. This can be big or small, but so long as it is achievable, you can set a target and have something to drive you ahead each day! Several Forex players go about aimlessly and after a point, find themselves lost. Keep a weekly or monthly target to achieve, and work rigorously towards it.
 

2) Pick Implementable Strategies: It is no shame that when you're starting off, some Forex trading strategies go over your head. Trying to play the trend and implementing a plan you know nothing about will only lead to expensive monetary losses. Take things in a simpler manner; try easier strategies that you're more comfortable with. Complexity can be imbued with time and experience. 
 

3) Always Draft Out Your Trades: Before you actually conduct a trade, plan the outcome and the road you will take to reach the said outcome. The clearer the idea in your mind, the easier it becomes to implement good Forex trading strategies and see success.
 

4) Demo Practice Before Going Live: Avail a Forex demo service from your broker, test out your strategies on it and try a demo trade before doing the same thing on real-time markets. Demo Forex trading will give you the much-needed hang of Forex markets.
 

This will give you a great start while Forex trading in Philippines! A humble beginning is the best one; without aiming too much at grandeur, shift your focus more towards betterment and watch the magic happen. Get yourself the globally renowned Forex expert - WesternFX, and commence on the right foot! Our professionals will provide you with all the requirements you need, from demo platforms to real-time trade indicators, and we will ensure you take off majestically.

Tips to Survive and Make Profits in Forex Trading in 2019

The first few steps are always the most difficult ones. In a field as volatile as Forex trading, there are always risks that can topple your trades and bring in catastrophic losses. As a beginner, there is much you are unaware of and a plethora of scenarios you have no exposure to! Currencies all around the world are bound to face disruptions in their value. Success always comes at a cost of time, effort or money; and in Forex, it's all three!
 

With these 9 stellar steps, you can experience the perfect start and embark on a successful Forex trading journey:
 

Tips to Make Profits in Forex Trading 2019

1) Get Started with Demo Practice: Before even thinking about going full-time with your trades, ensure you have enough practice. Forex demo accounts give you the necessary means to learn how to conduct a trade and try out different strategies. Even professionals demo trade from time to time, to hone their strategizing skills. Starting off, stick with demoing your approach and make sure you know the basics of Forex, and how to operate the trading platform. The knowledge of both these elements is incredibly important if you want to thrive in currency markets!
 

2) Keep the Research Up: Never stop learning, that's the key to winning at Forex trading in the Philippines. A market as volatile as foreign exchange keeps changing. There are always new trends and new methods you can pick up. Without research, you will find yourself lost in currency markets. Forex has a number of elements like strategies, signals, charts, etc. that you will have to be aware of before making a trade. When you spend ample time studying, these things can be picked up easily.
 

3) Avoid Impulsive Trading: Keep emotions at bay, they have the potential to ruin a perfect trade. When you let yourself be governed by emotions, your rationality goes down and the calls you make thereon become increasingly drastic. This eventually leads to overtrading, which is known by everyone to be the prime cause of losing money in Forex. Fear, greed and confidence can effortlessly topple your trades. The simplest way to avoid this is to come to the understanding that some trades can't be won, and some losses have to be incurred.
 

4) Learn to Strategize: The art of drafting Forex trading strategies is something you have to know as a currency trader. Starting off, strategizing will seem difficult with so many elements involved. However, over time as you learn the various aspects of Forex trading, your strategy will start reflecting on it. Right from entries to stops to exits, everything has to be thought of carefully before implementing a strategy.
 

5) Stay Updated with the News: This doesn't mean you have to become a news trader, but reading the news and staying abreast of current economic events always helps while Forex trading in the Philippines. The global economy is a volatile element; changes can happen to it anytime! The news covers the major economic happenings and allows you to make decisions based on facts rather than assumptions.
 

6) Always Take Small Steps: Start off small, there's no shame in that. You don't have to live with the belief that hurriedness is required to succeed at Forex trading! The profits are going nowhere. Take small steps initially, be it in aspects of investment or just in general. Traders often end up over-committing to trades and to Forex trading as a whole, only to find themselves mentally and monetarily burnt out!
 

7) Find Your Unique Trading Approach: As a trader, you have your own persona. This means that everything from strategies to currencies, you will have a selection that goes best with your trading mindset. Find this in yourself and watch you grow tremendously as a trader!
 

8) Get Yourself a Reliable Broker: Having a reliable Forex broker by your side is important to succeed in the long run. Good brokerage is becoming increasingly difficult to find today! A reputed broker will provide you with all the essentials and make sure you have all the necessities required to trade.
 

9) Don't Let Losses Put You Down: Learn from losses instead of letting them put you down. Not all trades can be won, that's just how Forex is. While you might lose some money on the way, let that be a learning lesson instead of a depressive episode.
 

As a novice, you have much to learn before you start minting profits while Forex trading in Philippines. To make sure the erratic markets here don't eat you up, the assistance of an established broker is important! Sign up with WesternFX today, and avail our world-class brokerage. With an arsenal of Forex solutions at your disposal, you will get everything from trading platforms to strategies to Forex demo accounts! Call us now to know more.

4 Habits That Can Transform You into a Successful Forex Trader

No one starts off at the top in Forex trading markets. To hit the jackpot on these grounds requires more than just a hint of luck. Currency trading is a domain that comes generously laced with volatility enough to topple the safest of trades. Amidst the various risks involved and the shuffling nature of the markets, seeing success is a real challenge. It all starts with you; when you think like a successful trader and make disciplined calls, victory comes along.
 

How refined your approach is, will decide the fate of your trades!

With these 4 habits you can hone your skills and tread down the path of professionals:
 

Habits to Follow from Successful Forex Traders

1) Don't Get Greedy: Greed begets nothing but loss. As a Forex trader, the money will seem incredibly tempting and you will want to reach out and grab it all! It is crucial that you keep your cool. The line between greed and ambition is very fine, and tipping over to the other side will only bring in destruction.
 

2) Never Stop The Learning Process: Success comes over time, and the main driver is knowledge. The better equipped you are to face a bad trade; the more likely it is that you will come out victorious through it! Always keep the learning process going. Forex trading is a field that evolves continuously, and so should you along with it. Research, study and educate yourself from time to time.
 

3) Avoid Trading Under Emotional Stress: Never trade under emotional stress. Forex traders often get carried away after a few losses and start trading hastily. The thing about emotional trading is that one minute it seems like a motivator and the next moment it turns vile! Don't let emotions take the wheel. Forex is a field that is to be approached with a calm, sensible mind - one capable of making risky decisions and timely calls.
 

4) Learn From Losses: Losing is a normal thing while Forex trading in the Philippines, don't let this divert your senses and force you into overtrading. 

Losses are something we learn from. Learn how to avoid the same, and how to act when incurred.
 

First things first, start off with practicing on a good Forex demo account. Once accustomed with the basics, you can go on to live trade! When your trading approach is disciplined and you take educated decisions, success has no choice but to present itself. Sign up with the global Forex leader, WesternFX, and take your trades to the top, where they belong! Forex trading in the Philippines may be challenging, but with our expertise to guide you, success is assured. Call us today to get started!

Reliable Tips to Boost Your Profits in Forex Trading 2019

As a Forex trader, the search for finding methods to increase profits is always on. Be it employing new-found strategies, or diversifying currency picks, a variety of approaches are followed to increase the income generated by Forex trading. Keep in mind that there is but a fine line separating ambition from greed, and crossing over to the latter will be disastrous! To make hefty profits, some risks have to be taken. The same risk that births profit can effortlessly bring in losses ten times as big!
 

With a disciplined approach, however, you can boost your profits gradually and see incredible success!

Here are 3 simple ways to hone your Forex trading methods:
 

Tips to Increase Your Forex Trading Profits in 2019

1) Employ The Right Indicators and Signals: Given that a number of indicators, signals and other such aiding methods exist in Forex trading platforms, you have to make use of them! The trick lies in that simply adding one won't do the job. Each trade environment varies depending on the currency that's traded, the timeframe traded on and the Forex trading strategy used. According to these parameters, you have to employ tools that go best in these conditions. Keep away from employing indicators blindly! 

With the precise tools in place, you can catch the most lucrative of trends and make moves that are mighty rewarding. 
 

2) Don't Trade Out of Impulse: Trade with purpose and reason, not out of hunches and impulses! When you participate in Forex trading aimlessly, the chances of losing are astronomically high. Truth is stated, several traders lose a good chunk of their money because of impulsive trading! Always study a trade inside-out before making a move. 

Without ample analysis and a better combination of good Forex trading strategies, achieving trading success is impossible.
 

3) Keep Your Risks on Track: Risks are essential if you want to see big profits while Forex trading in the Philippines. However, big risks come with big losses! They are two sides of the same coin. The trick is to make sure the risks you take are healthy and affordable. Motivated by greed, traders risk sums they can't afford losing! 

Don't make the same mistake. Follow a risk-reward ratio of 2-3% at most, not more, not less.
 

Forex trading in 2019 will see rapid competition; the trade values have gone up, the number of traders has increased and markets are not so easy to thrive in anymore! This calls for expert assistance and undivided guidance. With professionals from WesternFX helping you mould your approach, you will race to the top of Forex trading in Philippines in no time!

Top 4 Forex Trading Platforms to be Used in 2019

Having the right trading platform can make all the difference in today's competitive currency markets. Forex trading is no field that will let traders off the hook so easy! To see victories, your approach has to be sharp and meticulous; and trading platforms help you with this. From analyzing markets to carrying out a trade to everything in between - a trading platform equips you with the means to do these activities in the best possible manner.

This 2019, you can up your trades with the best of trading platforms!
 

Top 4 Forex Trading Platforms to Choose in 2019

Top 4 Forex Trading Platforms in 2019

1) MetaTrader 4: A free-to-use Forex trading platform, the MT4 is known to be one of the best in the game today. It has become known to the extent where systems and strategies are constructed keeping the platform's efficiency in mind! This is available as software and an app, for traders to use from computers and phones. From indicators to expert advisors, you get to avail a plethora of features.
 

2) MetaTrader 5: As the name suggests, this is a version of MT4 with extra increments made. While this does come with a different, more adept set of facilities, traders still wish to stick to MT4. The latter's simple approach and an extensive array of facilities has made it hard to be replaced!
 

3) NinjaTrader: Predominantly a futures markets indicator, the NinjaTrader is widely used today in the field of Forex trading in Philippines. Considered to be superior to both MT4 and MT5, this platform comes equipped with a plethora of services for you to avail. The drawback of this tool, however, is that though free, certain upgrades are charged hefty prices!
 

4) cTrader: Compared to the other Forex trading platforms, this is new but has been quick to rise. With its extensive statistics provisions, you get to analyze markets in an incredibly effective manner. Additionally, cTrader allows you to create EAs and bots with ease. This is, once again, free of cost and has its own set of facilities you can avail from.
 

Several traders make the mistake of working on a platform without prior demoing or analysis of the same. Join with WesternFX today, and equip yourself with the best trading platform! Choose from a variety of the bests in the game, demo to your heart's content, and when you are ready to go real-time, our professionals will help you dominate Forex trading in Philippines! Call us now to know more.

How to Create Your Own Forex Trading Strategy in Philippines

Foreign exchange's most challenging aspect is plotting trade plans. Known worldwide for its volatility, Forex demands that traders equip themselves with adept strategies to see success. While there aren't any methods to guarantee success, with a well-planned approach, a steady rate of victory can be seen. A Forex trading strategy is most efficient when it covers all the aspects of a trade, right from the entry, to potential risks and exiting with the best outcome. 

Forex trading in the Philippines has become a domain of stifle competition today, and without a solid plan, making money is difficult.
 

Here are 4 proven steps to devise a strong Forex trading strategy:

Steps to Form your Own Forex Trading Strategy

1) Affirm Your Trading Approach: Before entering Forex, it is crucial to identify the type of trader you are, and which style suits you best. Foreign exchange provides you with a variety of currencies, timeframes and strategies to choose from. While some players are comfortable working in risky short-term environments, some prefer a relaxed long-term trade. Find out which bracket you belong in before starting off trading!
 

2) Keep the Trend in Mind: Profiting from a trade ultimately boils down to identifying the trend. Forex allows you to profit from both an uptrend as well as a downtrend. In currency markets, the trend is your best friend! With the right indicators in place, you can easily calculate the magnitude of a trend, its direction and amplify the effects of your Forex trading strategy. 
 

3) Include Risks in Your Plan: Several traders ignore the fact that their trades might go awry and losses can find their way in. Risks are a constant element in Forex and have to be accounted for at all times. When strategizing, keep potential risks and losses as a possible outcome. Draft your trading plan around the fact that risks are unavoidable!
 

4) Find the Perfect Entry and Exit: Entry and exit points are crucial to every trade. Without finding the best of each, you will only leave with mediocre outcomes. Employ sharp indicators to find out the best point of each trade before entering. Similarly, make sure you exit when there's no room for bigger profits, and the trade isn't crashing down.
 

Forex trading presents you with an indulging experience and one that is mighty rewarding. With a reliable strategy to power your approach, there's nothing keeping you from victory! Sign up with WesternFX today, and avail our world-class brokerage. Assisted by our experts, you will top the peaks of Forex trading in the Philippines!

How Much Money Should I Need to Start Forex Trading in Philippines

A smart move to make as an adept Forex trader is figured out the capital needed before entering markets. Several traders go in with too much, or too less money and this works against their favor! Only when you have decided on your investments, you can pick a suitable strategy, the right timeframe, and design the overall structure of your trading career. So in a way, this step of affirming investments can be said to be one of the most crucial ones to make!
 

Here are 4 types of capital investment you can do as a Forex trader in the Philippines: 

How Much Money Exactly Needed to Start Forex Trading

 

1) Zero Capital: While this won't get you into an actual real-time trade, it will definitely provide a healthy learning experience. For beginners, learning is greater than earning. With $0, you can start a demo trading account. On this virtual platform, you can learn everything from devising Forex trading strategies to leveraging, all without experiencing any sort of hassle or risk. Several novices, in an aim to make money fast, start live-trading immediately, only to lose more than what they have! Get yourself a good demo account before going live.
 

2) Small Investments of $100-$200: This might seem like a very nominal sum, but with $100, you can generously partake in short-term trades by scalping or day trading. While short-term trades ironically require more focus than longer ones, they are incredibly rewarding! By performing these trades and winning, you can gradually increase your account size and enter the big leagues.
 

3) Medium Investments of $1000-$5000: Bigger Forex investments such as this are typically used while employing long-term Forex trading strategies. These trades have more speculating and less action. However, being long-term, the risks here are comparatively lesser than those in shorter trades. With a good trading strategy and a solid platform, you can start swing trading or position trading.
 

4) High Investments of More Than $50,000: Now that you have mastered the short and long timeframes, you can start investing big numbers by adding in leverage, and upping your trading threshold! With thousands of dollars in your account, you are free to trade across any timeframe and implement any strategy. At this point, when you trade well, you earn a hefty winning. However, losing with such immense capital will be disastrous. This is why when large Forex investments are involved, proper stop-loss usage is suggested, along with other sharp money management strategies.
 

The field of Forex trading in Philippines grows to show more improvement each day, with increasing profitability. Equipped with the right platform, you can dominate these markets! Sign up with WesternFX today, and we will guide you with all your investments needs. Irrespective of whether you have a small capital, or choose to trade large numbers, our world-class brokerage will assist you through trades good and bad, to ensure you emerge successfully! Call us today to know more.

How Risky is Forex Trading, and What Returns Can Be Expected?

Regarded as one of the riskiest ventures, Forex serves as stellar grounds for making profits today, but at a cost. Foreign exchange has been quick to top the charts and hold a trading value of $5 trillion. With several other markets to invest in, like stocks, contracts, options, etc., why do traders incline more towards Forex? Though the risks are high, currency trades birth tremendous profits. The journey is arduous, but the rewards are plenty!
 

As a beginner, knowing why FX trading is risky will be of immense help. 

Risk Factors in Forex Trading

Here are 4 reasons why currency exchange is incredibly risky:
 

1) Leveraged Environment: One of the most advantageous provisions, and also one of the riskiest, is leverage. In order to hold positions of high value, traders are provided with leverage by their brokers. This borrowed sum elevates your position, allowing you to trade more. However, when you lose a leveraged trade, you lose your invested capital and the borrowed money! This sum adds up to a substantial amount, making it a risky ordeal.
 

2) No Two Winners: Forex is a zero sum field. While markets like stocks allow multiple traders to reap benefits, Forex doesn't. For every person who wins a trade, someone must lose. This makes it very scary when you're on the straw's shorter end!
 

3) Volatile Domain: One minute a price goes up, the next minute it comes plummeting down - and all the while you won't be able to decide the perfect time to invest! Forex is a very volatile field, with little to no support to lean on. Its fast-paced online trading environment won't fit every trader. This requires immaculate focus and a strong grip over market movements and price volatilities!
 

4) Big Wins, Bigger Losses: The irony in Forex, is that to win big, you have to risk big; however, when you take a substantial risk, the chances of losing go up through the roof. While on one side, you can make good profits, the same trade can lead to bigger losses.
 

With an adept Forex broker by your side, victory will always be attainable. No matter how vicious a trade gets, WesternFX will always assist you! Call us today and avail our FX solutions. We will provide unparalleled brokerage, and ensure you come on top of Forex trading in the Philippines!

5 Tips to Identify the Moving Trends in Forex Trading

Every adept trader knows, to win a Forex trade, you have to grasp market trends! Each trade conducted in the foreign exchange market follows a pattern. Though known for its chaotic and unpredictable nature, Forex sticks to certain trends, and capturing these leads to a tremendous victory. The good thing about trading currencies is that the market can only move three ways - up, down, or sideways. The difficulty lies in the fact, that there is no period of stable motion. A currency pair might see an uptrend in the morning, and by noon it is left plummeting!
 

Studying market momentum will help analyze better, price movements and profitable openings. Without knowing the best entry points, consistent profits will be hard to come by. Forex trading strategies focus mainly on fundamental and technical analysis, that serve to help traders plot out the best timeframes to work on, the most dominant currency pairs at that instant of time, and possible risks involved. 

Use Moving Trends to Trade Forex Better

Here are 5 ways to observe and capitalize on market trends:
 

1) Using The Line Graph: While bars and candles take the spotlight, an immensely efficient tool - the line graph, escapes notice! Charts aren't easy to study, and catching trends are no cakewalk either. With the tremendous amounts of noise on the chart, monitoring it becomes difficult! With line graphs as a part of your Forex trading strategy, you can eliminate this hassle, by clearing out all clutter. While bar graphs and candlesticks give a detailed view of the chart, trend capturing is done better on the line graph. With timely switching to line graphs, traders can have a grip over market movements and also analyze, capitalize on trends.
 

2) Observing Peaks and Falls: The highs and lows of a market speak volumes about buyer-seller mentality. When buyers are higher in number, there is an uptrend. Similarly, when sellers start selling lower, downtrends are seen. Higher highs are caused when there is a huge price rush due to an increase in buyers, and lower lows are birthed when sellers take a price to the rock bottom! A Forex market is meaningless without highs and lows. Foreign exchange is a field that sees a constant power-shift between buyers and sellers, which inevitably results in ups and downs in the price charts.
 

3) Trend Lines: Each trend sees a rise and a fall. Highs/lows help observe the initial trends, while trendlines are better during the conclusive periods. Only with 2 or more touch-points can a trendline be conceived. There are no limits to the number of trends that can appear in one trade; Forex sees multiple trends in each trade. The transition from one trend to another is signaled by trendlines. These work best during breakouts when a particular trend is starting to see the spotlight. Combined with proper indicators, trendlines can work amply in the favor of a trader.
 

4) Moving Average: These are one of the best indicators to analyze market movements. Several traders, however, make the mistake of banking on fast MAs, which seldom last long enough to utilize. On the contrary, slow moving signals are very lethargic in nature and have a very gradual start, appearing too late. Implementing MAs in your Forex trading strategy will prove immensely beneficial, depending on the timeframe you work on!
 

5) Implementing the ADX Indicator: This is a craft of beauty; an ADX indicator helps determine the direction of a trend and the strength of the same. It has three lines, each of a unique meaning; the ADX line which conveys the strength of a trend, the +DI line which indicates the bullish strength, and finally the -DI line which shows the bearish strength.
 

Trends govern most, if not all Forex trades. Most branches of trading see movements in price and value of financial commodities; these movements become trends after multiple recurrences. Adept traders are quick to catch on to these growths, and make a good winning! A plethora of tools are provided by Forex brokers for traders to avail and utilize. A strong strategy combined with the right indicators and chart mapping tools can lead to amply profitable trades!
 

Want to attain mastery over trends? Call WesternFX today! With the assistance of our world-class Forex brokers, there will be nothing impossible. From Forex trading strategies to platforms, we will equip you with the best of all, and ensure your climb to the top is swift as it is comfortable.