A Basic Guide to Trading On Forex

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To trade on Forex (FX), you need to choose a reliable broker, open a trading account, and then you can buy or sell currency pairs. It's essential to analyze the market, use trading strategies, and manage risk to make informed decisions. Forex trading involves predicting the direction of currency price movements, and it requires continuous learning and practice to succeed.

In the vast world of financial markets, foreign exchange or Forex (FX) trading, stands out as one of the most dynamic and accessible avenues for individuals and institutions alike. In this article, the experts at TU will provide an insightful journey into the world of Forex trading, exploring the fundamental concepts, practical strategies, and risk management techniques essential for success

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What is Forex?

Forex, short for Foreign Exchange, constitutes a vast global market where the currencies of nations engage in a constant dance. It serves as the financial bedrock of the world, with banks from every corner of the globe participating. The essence of Forex trading lies in the art of exchanging one currency for another, always with the aim of investing in those currencies holding the highest relative value. This market operates without a centralized hub; instead, transactions unfold electronically across a network of traders. This OTC (Over-the-Counter) approach distinguishes Forex from traditional exchanges.

The Forex market thrives on constant motion, operating 24 hours a day for over five days each week. In a seamless cycle, currency trading traverses the world's major financial hubs, including London, New York, Tokyo, and more. This continuous loop offers tremendous flexibility, allowing traders to engage at their convenience.

Read more in the article: Why Now May Be the Time to Start Forex Trading

Forex trading showcases the following distinct features:

Real-time currency conversion

Each trade benefits from an assured level of liquidity, ensuring that there's always a demand.

Liquidity

Each trade benefits from an assured level of liquidity, ensuring that there's always a demand.

Global accessibility

Forex operates across different time zones, making it a continuous global market.

Centralized exchange

Unifying foreign exchange transactions fosters efficiency and accessibility.

Margin trading

Forex encourages margin trading, which can lead to potentially high profits.

High volatility

Exchange rates fluctuate widely, often dependent on economic factors.

The participants in a Forex market include.

Trader

Anyone can participate in Forex trading. However, trading directly in foreign currencies requires an intermediary, such as a Forex broker.

Broker

Forex brokers facilitate trading by acting as intermediaries between traders and the Interbank Market. They provide essential tools and platforms for trading.

Liquidity provider

These entities, part of the Interbank Market, determine the current exchange rates for currency pairs. Their activities shape the Forex landscape, influencing traders and brokers alike.

Understanding the trading on Forex market

Forex trading is the act of engaging in the buying and selling of currencies from various countries. What makes Forex unique is that it thrives on currency pairs, with all trading involving two currencies, one being exchanged for the other. For instance, the EUR/USD pair denotes the euro and the US dollar. The price of this pair relies on the exchange rate between these two currencies.

For an illustrative example, consider EUR/USD trading. Let's say a trader invests $10,000 in purchasing the EUR/USD pair at an exchange rate of 1.1700. If the exchange rate rises to 1.1800, the trader can sell the EUR/USD pair, reaping a profit of $1,000 ($10,000 x 0.0100). Conversely, if the exchange rate drops to 1.1600, the trader would incur a loss of $1,000. It's crucial to remember that Forex trading demands specialized knowledge and unwavering dedication due to its inherent risks.

Most traded currencies in the Forex

Currency % of overall volume
Assets for copy trading

U.S. dollar

Regulator

88.50%

Assets for copy trading

Euro

Regulator

30.50%

Assets for copy trading

Japanese yen

Regulator

16.70%

Assets for copy trading

Sterling

Regulator

12.90%

Forex trading involves currency pairs, like EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, and USD/CHF, with EUR/USD being the top-traded pair due to its representation of the EU and the U.S., accounting for 20-30% of the total volume. Forex trades use standardized lots, typically 100,000 units, but micro (1,000) and mini (10,000) lots are available. The high volume of trading occurs in these pairs, leading to narrow spreads. Currency pairs fall into Major, Minor, and Exotic categories.

USD

The USD is the world's most traded currency, valued at over $2.9 trillion daily, as it's present in more than 85% of FX trades due to post-World War II U.S. economic dominance.

EUR

The Euro (EUR), accounting for 16% of global FX, is used by 19 EU states and serves as the world's reserve currency.

JPY

The Japanese Yen (JPY) is the third most traded currency globally, with a daily volume of $554 billion, and is also the third-largest reserve currency.

GBP

The Pound Sterling (GBP) ranks fourth in global trading volume at almost $422 billion daily, accounting for around 4.5% of global reserves, with its value affected by various economic factors and the evolving U.K.-Europe relationship.

Forex market vs. other markets

The Forex market stands apart from other markets due to several fundamental differences

Decentralized market

Unlike traditional exchanges, Forex doesn't rely on a centralized marketplace. Instead, trading takes place through the interbank market, making it a decentralized network of global financial institutions.

24-hour market

Forex operates round the clock, five days a week. This constant availability enables traders to engage in currency transactions at any time, day or night, as the market spans different time zones.

High liquidity

Forex reigns as the largest and most liquid financial market worldwide, with a staggering daily trading volume exceeding $7.5 trillion. This high liquidity ensures that there is always a market for currency transactions.

Currency pairs

Forex trading revolves around currency pairs, always comprising two currencies. The exchange rate between these paired currencies dictates the value of one currency concerning the other.

Leverage

Forex traders utilize leverage, which involves borrowed capital, to magnify the size of their trades. This mechanism allows traders to control more extensive positions in the market while investing a relatively smaller amount of capital.

Market influences

A multitude of factors impact the Forex market. These include macroeconomic indicators, significant news events, and political developments. Traders must stay attuned to these influencers to make informed trading decisions.

Market participants

Participants in the Forex market encompass various entities, ranging from banks and financial institutions to individual retail traders. Even travelers looking to exchange their money for local currency contribute to the vast array of market participants.

Types of Forex transactions

In Forex, there are three primary types of transactions, each serving specific purposes

The Forex spot market

This market involves the immediate exchange of currencies at the current exchange rate. It constitutes a significant portion of the overall Forex market and attracts participants from all segments of the financial sector, including individuals looking to exchange currencies.

The Forex Forward market

Here, an agreement is made between a buyer and a seller to exchange currencies at a predetermined price on a future date. Notably, the exchange of actual currencies doesn't occur; instead, it focuses on locking in the value. The forward market is often employed for hedging against currency fluctuations.

Forex Futures

The futures market resembles the forward market, as it also entails an agreed-upon price and date for currency exchange. The key distinction is that the futures market is highly regulated and operates on an exchange, reducing risks associated with other markets. Traders often utilize futures contracts for hedging purposes.

Example of a Forex trade

Imagine a trader assessing the global economic landscape, particularly considering a geopolitical event that could impact the currency markets. The trader anticipates that the euro will depreciate in comparison to the U.S. dollar, partly due to increased political tensions affecting the Eurozone.

Here's how this trade unfolds

Market analysis

The trader closely monitors developments and geopolitical events, leading them to believe that the EUR/USD currency pair will lose value, meaning it will require fewer U.S. dollars to buy one euro.

Position

With this insight, the trader decides to go short on the EUR/USD currency pair. This essentially means they're selling euros, expecting them to decrease in value over time, which aligns with their analysis.

Opening the trade

The trader enters the market with a short position at the current sell price of $1.2335, aiming to profit as the pair's value drops.

Position size

To capitalize on this opportunity, the trader opts to buy three lots of EUR/USD, creating a total position size of $333,852.

Pip value

Every pip of movement (0.0001 USD/EUR) in the desired direction adds $30 to the trader's account, known as the pip value. This represents the potential gain for each incremental shift in the market.

Leverage advantage

Forex trading operates with leverage, which implies that the trader doesn't need to invest the entire value of their position. This allows for the amplification of potential profits, but it's vital to remember that it equally magnifies potential losses.

Outcome

If the trader's analysis proves accurate, and the EUR/USD pair indeed declines in value due to the geopolitical factors considered, they will reap profits. However, if the value of the pair unexpectedly rises, the trader may experience losses. This illustrates the dynamic and risk-managed nature of Forex trading.

Pros and cons of Forex

Let's examine the pros and cons of Forex trading in a bit more detail

👍 Pros

Cost-efficient

Forex trading involves low overhead costs since there are no commissions or regulatory fees. Traders enjoy a more significant portion of their profits.

Accessibility

The Forex market is highly accessible, allowing virtually anyone to participate with a small investment. This inclusivity opens the door for a broad range of traders, from beginners to seasoned professionals.

High liquidity

Forex is renowned for its high liquidity, with numerous market participants worldwide. This abundance of buyers and sellers ensures that traders can quickly enter and exit positions without significant price fluctuations.

Leverage advantage

Forex offers high leverage, empowering traders to control more substantial positions with a relatively small amount of capital. While this magnifies profit potential, it's crucial to manage the associated risk diligently.

Around-the-clock trading

One of the standout features of Forex is its 24/5 market. The market never sleeps, and traders can participate at any time, day or night, suiting a wide range of schedules.

Largest and most liquid market

The Forex market takes the title of the largest and most liquid financial market globally, with a staggering daily trading volume of over $5 trillion. This liquidity ensures tight spreads, minimizing trading costs.

👎 Cons

High risk and volatility

Forex trading is inherently risky due to the high volatility in currency markets. Prices can fluctuate dramatically within short timeframes, potentially leading to significant losses.

Lack of transparency

The decentralized nature of Forex trading can create challenges in terms of transparency. Traders may not always have clear visibility into market operations.

Specialized knowledge required

Success in Forex trading demands specialized knowledge and a strong commitment to learning. Traders must understand technical and fundamental analysis, risk management, and the nuances of global financial markets to make informed decisions.

Forex terms

Bid/Ask

The bid price marks the rate at which a trader can sell a currency, while the ask price represents the price at which a currency can be purchased. The difference between these two is termed the spread.

Pip

A pip is the smallest increment in a currency pair's price, typically found in the fourth decimal place. It signifies a minute price shift.

Lot

Forex trades are conducted in lots, which serve as standardized units of currency. The standard lot size comprises 100,000 units of currency, although micro (1,000) and mini (10,000) lots are also available.

Leverage

Leveraging involves utilizing borrowed capital to amplify the scale of a trade. It empowers traders to control more substantial positions with a fraction of the initial capital.

Going long

Going long in Forex trading means purchasing a currency pair with the expectation that its value will rise. Traders buy the base currency and sell the quote currency, aiming to profit from the anticipated price increase.

Going short

Going short is the opposite of going long. Traders opt to sell a currency pair when they expect its value to decline. In this scenario, they sell the base currency and buy the quote currency, aiming to profit from the expected price drop.

Top 7 major currency pairs

Currency Pair % of overall volume
Assets for copy trading

USD/EUR

Regulator

22.7

Assets for copy trading

USD/JPY

Regulator

13.5

Assets for copy trading

GBP/USD

Regulator

9.5

Assets for copy trading

AUD/USD

Regulator

5.1

Assets for copy trading

USD/CAD

Regulator

5.5

Assets for copy trading

USD/CHF

Regulator

3.9

Assets for copy trading

NZD/USD

Regulator

1.3

EUR/USD (Euro/US Dollar)

The EUR/USD currency pair is among the most traded in the world. It indicates how many US Dollars are required to purchase one Euro. This pair is particularly favored by traders due to the prominence of the euro and the US dollar in the global economy. The exchange rate of EUR/USD is influenced by a multitude of factors, with central importance given to the interest rates set by the European Central Bank (ECB) and the US Federal Reserve (Fed).

USD/JPY (US Dollar/Japanese Yen)

The USD/JPY currency pair represents the number of Japanese Yen required to purchase one US Dollar. This pair is the second most actively traded in the world and plays a vital role as a benchmark for assessing the performance of the Asian economy. Its price movement is often influenced by political sentiment between the United States and the Far East, making it sensitive to geopolitical events. It is positively correlated with the USD/CHF and USD/CAD pairs due to the US dollar's role as the base currency in these pairs.

GBP/USD (British Pound/US Dollar)

The GBP/USD rate reveals how many US Dollars are needed to acquire one British pound. This currency pair, among the oldest in the Forex market, is widely used and frequently traded worldwide. It maintains a negative correlation with the USD/CHF and a positive correlation with the EUR/USD due to the relationships between the British pound sterling, Swiss franc, and the euro. These correlations are based on how these currencies respond to common economic and geopolitical events.

USD/CHF (US Dollar/Swiss Franc)

The USD/CHF rate, commonly referred to as the “Swissie”, indicates how many Swiss Francs are required to purchase one US Dollar. This currency pair is popular because of Switzerland's status as a safe haven for investors. During periods of market volatility, traders often turn to the Swiss Franc. Consequently, if market volatility increases, the price of this pair is likely to decrease as the Swiss Franc strengthens against the US Dollar.

AUD/USD (Australian Dollar/US Dollar)

The AUD/USD currency pair represents the number of US Dollars required to purchase one Australian Dollar. This pair is frequently traded and influenced by the interest rate differential between the Reserve Bank of Australia (RBA) and the US Federal Reserve. It is also sensitive to fluctuations in commodity prices, especially those related to Australia's major exports, such as minerals.

USD/CAD (US Dollar/Canadian Dollar)

The USD/CAD pair indicates how many Canadian Dollars are needed to purchase one US Dollar. Its market share increased in recent years, making it one of the major currency pairs in Forex trading. The exchange rate of USD/CAD is influenced by interest rates in the United States and Canada, along with fluctuations in oil prices, which is a major driver of the Canadian economy. This pair is negatively correlated with AUD/USD, GBP/USD, and EUR/USD, as the US dollar is the quote currency in these pairs.

NZD/USD (New Zealand Dollar/US Dollar)

The NZD/USD pair reveals how many US Dollars are required to buy one New Zealand Dollar. New Zealand's economy, largely dependent on dairy products, results in a close connection between this pair's price and the global dairy industry's performance. It is another highly traded currency pair and ranks among the top in terms of trading volume. In Forex transactions, the US dollar and the New Zealand dollar together account for around 1.3 of the total daily trade.

Forex market size and liquidity

The Forex market is exceptionally liquid, setting it apart from other financial markets. Its daily trading volume is estimated around $7.5 trillion. This figure solidifies its status as the world's largest and most liquid financial market. The advantage of such high liquidity is that it results in narrow spreads for traders, making it more cost-effective to engage in Forex trading compared to many other markets.

Is Forex safe?

Yes, Forex is safe, though ensuring the safety requires careful consideration of several key factors

Regulation

Regulatory oversight is paramount for ensuring a safe Forex trading environment. Regulations are designed to safeguard individual investors and uphold fair practices. When choosing a Forex broker, prioritize regulatory compliance as it helps prevent scams, excessive charges, and other risky behaviors.

Counterparty risk

Counterparty risk is the risk that the other party in a trade won't meet their obligations. To mitigate this risk, select a reputable broker or platform with a history of reliability and trustworthiness.

Security measures

Data encryption and fund protection are critical for a secure trading experience.

Educational focus

Forex trading demands specialized knowledge. Understanding risk management, utilizing stop-loss orders, and avoiding overexposure to risk are essential aspects of responsible trading.

Personal responsibility

Your own actions and practices greatly impact your trading safety. Maintaining a cautious and informed approach, combined with proper risk management, is fundamental to a secure and successful trading journey.

Market analysis

Regularly monitor and analyze market conditions, economic events, and geopolitical factors. Being informed about external influences on currency movements can help you make safer trading decisions.

How to reduce Forex trading risks: key tips

Reducing risks in Forex trading is essential, especially for beginners. Here’s what experts suggest beginners to do:

Educate yourself

Forex trading is a specialized field that demands knowledge and continuous learning. Understanding the intricacies of Forex risk and trading is the foundation for success.

Implement stop-loss orders

Stop-loss orders are a critical tool. They enable you to set predefined exit points, limiting potential losses if the market moves against your position.

Diversify your portfolio

Spreading your investments across different currency pairs is a wise strategy. Diversification helps reduce overall risk exposure, ensuring that a poor performance in one currency pair won't have a catastrophic impact on your entire portfolio.

Create a trading plan

Having a well-defined trading plan is a key component of risk management. Your plan should specify entry and exit points, establish a minimum reward-to-risk ratio, and outline your broader risk management strategy.

Stay emotionally balanced

Emotional decision-making can be detrimental in Forex trading. Emotions like fear and greed can cloud your judgment. Developing emotional resilience and discipline is essential for your success.

Use technical and fundamental analysis

Incorporating both technical and fundamental analysis in your trading strategy enhances your ability to make informed decisions based on market trends and economic indicators.

Risk-reward evaluation

Assess the potential rewards in relation to the risks in each trade. A favorable risk-reward ratio ensures that potential gains outweigh potential losses.

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Regulation:
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Forex trading strategies

There are many different types of Forex trading strategies that traders can use depending on their trading style, market conditions, and personal preferences.

For example, day trading is a trading style that involves opening and closing positions within the same day, without holding any overnight risk. Day traders aim to exploit short-term price fluctuations in the market, using high leverage, fast execution, and technical analysis. Day traders typically use one-minute, five-minute, 15-minute, or 30-minute charts to identify trading opportunities. Day traders avoid overnight risk, take advantage of intraday volatility, and compound profits quickly. Note however day trading requires a lot of time, attention, discipline, and stress management.

Swing trading involves holding positions for several days or weeks, taking advantage of medium-term price trends. Swing traders aim to capture larger price movements than day traders, using lower leverage, slower execution, and a combination of technical and fundamental analysis. Swing traders typically use four-hour, daily, or weekly charts to identify trading opportunities. Swing traders can capture long-term market movements, reduce transaction costs, and have more time to analyze the market. Swing trading, however, exposes traders to overnight risk, requires more patience and discipline, and may have lower profit potential per trade.

Scalping involves making small profits from short-term price movements, usually lasting from seconds to minutes. A scalper seeks to quickly enter and exit the market, taking advantage of minor price changes. Scalpers use various tools to identify and execute their trades, such as tick charts, order flow, level 2 data, indicators, and price action. Scalpers typically use very high leverage and trade large volumes to increase their profits. Some of the advantages of scalping are that it can be very profitable in high liquidity markets, can reduce exposure to market risk, and can offer many trading opportunities. Some of the disadvantages of scalping are that it requires a lot of concentration, skill, and experience, as well as high transaction costs.

Developing a Forex trading strategy

A trading strategy helps you achieve consistency, discipline, and profitability in your trading. To develop a trading strategy, you need to keep the following in mind.

  • Determine your trading style. Your trading style depends on your time horizon, risk appetite, and available resources. As described above, there are three main trading styles: scalping, day trading, and swing trading

  • You need to decide which market and currency pairs you want to trade and become an expert at reading them. As already noted, these are the three main currency pairs: majors, minors, and exotics

  • Define your entry and exit points, based on technical or fundamental analysis or both. Technical analysis uses historical price patterns, charts, indicators, and other tools to identify trends, support and resistance levels, entry and exit signals, and trading opportunities. Fundamental analysis uses economic, political, and social factors that affect the supply and demand of currencies to understand the underlying forces that drive the market movements and anticipate future changes

  • Define your position size and risk-reward ratio. Position size is the amount of money you invest in a trade, which should be proportional to your account size and risk tolerance. Risk-reward ratio is the ratio between the potential profit and the potential loss of a trade, which should be favorable enough to justify taking the risk

  • And finally, backtesting involves applying your strategy rules to past price data and simulating the trades that would have occurred. You can use various metrics to measure the performance of your strategy including win rate, average profit/loss per trade, and drawdowns. Based on the results of your backtesting, you can refine your strategy by adjusting or adding new rules or parameters until you are satisfied with its performance

Choosing a trading platform

A trading platform serves as your gateway to the markets, providing tools for research, placing trades, and managing your portfolio.

The most popular platforms are:

MetaTrader4 (MT4)

MT4 is one of the most popular and widely used trading platforms for forex and CFD trading. It was developed by MetaQuotes Software and first launched in 2005. Some key features of MT4 include built-in charting package, ability to trade directly from charts using one-click trading, algorithmic trading capabilities using MQL4, access to automated trading strategies/EA's, and availability on desktop and mobile.

For more details on platform’s features and functionality, check our MetaTrader 4 review.

MetaTrader5 (MT5)

MT5 was launched in 2010 as an upgrade to MT4 with additional features and functionality. Some enhancements in MT5 over MT4 include improved execution speed, expanded symbol library to include futures and spot metals, use of DLL libraries for more customization, and multi-currency account support. However, MT4 still remains more popular currently due to availability of more add-ons.

You can find additional information on MT5 and its differences from MT4 in our article MetaTrader 5 review.

cTrader

cTrader is a contemporary trading platform aimed at professional traders. Some notable features are direct market access for latency-sensitive trading, flexibility via modular plugin architecture, multi-asset capacity including forex, stocks and futures, and cross-compatibility across devices. cTrader provides a comprehensive set of tools for advanced traders but has a steeper learning curve compared to MT4.

cTrader review describes in detail the specialized features of this platform.

While MetaTrader 4, MetaTrader 5 and cTrader are some of the most widely-used and recognized third-party platforms, there are other options available as well. Other third-party alternatives include NinjaTrader, MultiCharts, Tradestation - each with their own strengths in areas like automation, charting, platform design etc. Many brokers also offer proprietary trading interfaces developed in-house. These are tailored specifically for their product offerings but generally have a more limited feature set and less customization compared to third-party platforms. It's worthwhile for traders to research both third-party and proprietary platforms to determine the best fit depending on individual needs and broker preferences.

How do I prepare for Forex trading?

Preparation and education are key to trading Forex successfully. The following tips can help you become an informed trader ready to implement winning strategies.

Books

Read books and educational materials to understand Forex trading concepts. Some good books for beginners include "Currency Trading for Dummies" by Brian Dolan and "The Forex Trading Course" by Abe Cofnas. These will teach you about trading terminology, technical/fundamental analysis, and strategy.

Demo Account

Open a practice trading account with virtual money. Most brokers offer this. It will allow you to experience real market conditions without risking real money as you learn. Use the demo account to test out strategies you read about.

Forex Simulators

Various Forex simulators and backtesting software can help you practice trading and test strategies. These let you simulate trading by using historical price data. For example, you can use Market Replay in TradingView. Make sure you achieve sustained positive results in the simulator before risking real money.

In addition:

  • Start small - only trade small position sizes when beginning with a live account.

  • Set stop losses on every trade to manage potential losses.

  • Trade only once you have a tested strategy and know the basics thoroughly. Don't rely on passive income dreams.

  • Learn about risk management and employ it properly in your trading.

Expert Opinion

Forex offers opportunities for traders but also complexity as a 24/5 global market. With no central exchange, currency pairs fluctuate constantly due to economic news and geopolitics. This volatility exposes traders to risk but also profit potential if you have an effective strategy.

While this basic guide illuminates some of the core building blocks for trading currencies, success requires ongoing education. Novice traders would be wise to practice with demo accounts first and spend 3-6 months paper trading to test strategies without risk. They should also seek out mentors who can provide a live perspective on navigating the ups and downs of forex.

Andrey Mastykin

Andrey Mastykin

Author, Financial Expert at Traders Union

Summary

The Forex market is the world's largest and most liquid financial market with a daily trading volume of trillions of dollars. It operates 24/5, offering traders flexibility. Managing risk through education, stop-loss orders, diversification, and controlling emotions is vital for both novice and experienced traders. Additionally, it is important to use trading plans, which help establish clear strategies for successful trading in this dynamic market.

FAQs

What is foreign exchange trading?

Foreign exchange trading, often known as Forex or FX trading, is the practice of buying and selling currencies in the global market.

How do you trade in foreign exchange?

Foreign exchange trading involves purchasing one currency while simultaneously selling another. It is done through a broker or an electronic trading platform.

What is an example of foreign exchange trade?

An example of a foreign exchange trade is exchanging U.S. dollars for euros when traveling to Europe.

Is Forex trading illegal?

Forex trading is generally legal, but regulations vary by country. It's essential to comply with local financial laws when engaging in Forex trading.

What are two types of foreign exchange trading?

Two common types of foreign exchange trading are spot trading, which involves immediate currency exchange, and forward trading, where currencies are exchanged at a future date.

Team that worked on the article

Chinmay Soni
Contributor

Chinmay is a certified Investment Analyst and Portfolio Manager by the National Stock Exchange (NSE) Academy. He is currently associated with a $75 million VC fund and assists them in identifying and researching investable sectors and start-ups. He has completed his Bachelors of Business Administration from the Institute of Management, Nirma University and is currently pursuing MBA majoring in Finance from the same. He has 4 years of hands-on investment experience in a variety of asset classes and his professional qualifications include being a CFA Level 2 candidate and NSE Certified Market Professional Level 2.

He finds writing as a way to express his thoughts and share his knowledge with people eager to learn. He himself happens to be an avid reader of personal finance books and on top of his recommendation list are the international bestsellers ‘The Psychology of Money’ and ‘Think and Grow Rich’

He has this one strong belief as his motto: Life is what you make of it.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.