💱 Thousands of books have been written about currency trading, but only a few explain the basics in simple language—without complicated jargon or promises of easy money.

The Forex market operates 24/5, and you can start with a relatively small amount of capital. However, profits are never guaranteed—they require knowledge, skill, discipline, and patience. 📊

Before placing your first trade, learn the fundamentals, choose a reputable broker, and practice with a demo account. These steps can help you build experience and manage the risk of significant losses.

We’ve broken down, step by step, how to get started with currency trading and which common mistakes beginners should avoid in our new article.

📊 Position size should be calculated based on your acceptable risk, not the other way around.

Set your stop-loss and the amount you are willing to risk first, then choose the trade size.

👇 How much do you risk per trade?

📉 One of the most recognizable tools in technical analysis first appeared in the 1980s—and it remains widely used today.

Bollinger Bands consist of a moving average and two bands positioned a specified number of standard deviations above and below it. When the bands widen, volatility is increasing; when they narrow, a strong price move may be approaching. 📊

The classic settings are 20 periods and a multiplier of 2, but traders can adjust them to suit different time frames and trading styles.

In our new article, we break down three practical Bollinger Bands strategies—from trading breakouts after consolidation to following established trends.

💡 The spread is the difference between the Bid and Ask price, and it is important to consider before opening a trade.

The smaller the spread, the smaller the gap between the buying and selling price.

👇 Do you always check the spread before trading?

🔥 The market is waiting for what comes next. The Fed raised rates to 3.75%–4.00% for the first time in three years, and Warsh stated that inflation remains “too high.” Market participants are expecting at least one more rate hike this year. Now everything depends on the price data.

What’s on the calendar next week?
📌 Tuesday: RBA meeting
📌 Wednesday: China and US CPI data
📌 Thursday: Australian employment data, US PPI, US retail sales, speech by RBNZ Governor Anna Breman
📌 Friday: speech by BoE Governor Andrew Bailey

😏 The main focus is on the US CPI and PPI data. These figures will determine the Fed’s next move. The IMF meeting is also worth watching, as statements made there could move markets unexpectedly. All of this points to a volatile week ahead.

Plan your trades with the LiteFinance economic calendar.

🦊 LiteFinance x Leicester City

📅 10 October
⏰ 15:00 BST

Leicester City host Peterborough United at King Power Stadium.

⚡️ Account conditions can directly affect how you execute your trading strategy.

With a LiteFinance ECN account, scalping and news trading are allowed, there are no restrictions on trade duration or Stop/Limit levels, and market orders are executed without requotes.

👇 Which condition matters most to you?

☁️ “One-glance equilibrium chart”—that’s the meaning behind the name Ichimoku Kinko Hyo, an indicator developed by a Japanese journalist in the 1930s.

Ichimoku combines five elements: two moving averages, the Kumo cloud, and the lagging Chikou Span. Together, they help identify trends, support and resistance zones, and potential reversal points—often without extra indicators. 📉

When the price is above the cloud, the market bias is generally bullish; below it, bearish. A crossover of the Tenkan-sen and Kijun-sen can provide an additional entry signal.

In our new article, we break down the indicator’s structure, settings, and key trading strategies.

🤔 Do your friends trade too? Why not earn from their referrals?

💸 The LiteFinance affiliate program can turn your network into an additional source of income. Refer new clients and earn up to 70% of the broker’s revenue or a fixed $50 for each new client.

No hidden conditions—just transparent payouts and clear performance statistics 📈