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We’ve lots to offer here and we have all different types of traders, from all around the world. We’re for the traders out there that are looking to learn strategies, excel in their learning, and have the ambition to be consistent in the markets. We’re suitable for completely new traders that want to learn the very basics, all the way up to the most advanced level of professional traders.
We’re for traders that are tired of trading alone, and want to be part of a community; to get direction from experienced trading coaches so they can refine their trading performance. Remember, we offer so much more than just trading signals and if you’re looking for signals only, then we’re probably not the right place for you; signals alone will not make you a successful trader.
Here at Market Nexus we see the same thing time and time again; traders that end up in the cycle of doom, don’t back test and simply burn through trading strategies. Based on research, we’ve found that traders tend to fail for a number of reasons but the most common is lack of discipline. When you have found a strategy that suits your style of trading, stick to it! Set rules, print your strategy rules off, and follow them! No matter how hard it is, do not let your emotions get in the way and control your forex trades.
Join our community, we have a number of strategies we can educate you on.
Yes, anyone can learn how to trade Forex – the real question is how much time are you willing to put in to properly master the markets? Forex trading (or foreign exchange trading) is a skill and like any skill, it takes time to learn, feel confident, optimise and succeed. You will not learn how to trade Forex overnight and you will not make money long-term with trading signals. Forex signals alone are not enough to succeed and you should think very carefully before you trade blindly with signals you do not fully understand. If you want to become a successful trader you really need to learn how to start trading Forex.
At Market Nexus we keep things simple and will offer you direction along the way. We’ve watched traders with zero knowledge grow with us into successful traders.
MetaTrader 4 and MetaTrader 5 are the world’s most popular trading platforms. This is where you will look at your charts, perform technical analysis, plan your trades and execute your trades. Every day millions of retail traders use this trading platform to trade the forex markets.
To get your hands on MT4 or MT5 you will need to register with a trading broker. When you register with a broker, they will almost always usually provide you with your very own MT4/MT5 trading terminal – they will send you MT4 log-ins, and you can trade via a demo or live trading account
If you are trading Forex, you are trading on the foreign exchange. On the foreign exchange, you are trading world currencies against each other. The Forex market is often referred to as the ‘FX market’. The Forex market is the most liquid market in the world, with over 6 trillion dollars traded on the market every single day! It’s bigger than the stock market!
Forex trading is the buying and selling between a forex ‘currency pair’ including the major currencies, the minor currency pairs and the exotics currency pairs. There are over 100 currency pairs and the most popular currency is the USD.
The most frequently traded forex pairs are: EUR/USD, USD/JPY, GBP/USD, USD/CAD.
Minor pairs that do not include the U.S. Dollar. These pairs typically contain one of the other three major currencies: EUR, GBP, or JPY. Finally, exotic pairs include currency pairs from countries with a developing market presence, such as Sweden, Norway, or Mexico.
The Forex market is an excited and fast-paced market, hence, it appeals to a lot of ‘retail traders’. You probably have participated in the Forex market without even realising it. For example, if you are from the United Kingdom and you plan to go on holiday to the United States, you will of course need dollars (USD) to spend.
You might go online or to a currency counter to purchase USD and you would be doing so at the current exchange rate. Then, when you return home from your holiday, you might have USD left. You return to the currency counter and ask to change your leftover USD back into GBP, but whilst you have been away, the currency exchange rate has moved, meaning you can get back more GBP than you had originally used to purchase your USD, therefore, you have made a profit from your exchange.
The Forex market is unique as there is no central marketplace. This means all transactions are done electronically across networks. Also, unlike other markets, the Forex market can be traded around the clock 24 hours a day, 5 days a week (Monday – Friday).
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