SolidECN

The main unique feature of Solid-Micro accounts is that the minimum trading volume starts from 0.001, while the trading conditions are similar to those for standard accounts. As a result, these account types suit both beginners and professionals, because they may help them test new trading strategies or Expert Advisors in market conditions without any significant financial investments.

> Minimum Deposit $5
> Minimum lot 0.001 lots (100 units)
> Leverage 1:1000

Feel free to open an account and start trading Forex with as low as $5!

Solid ECN team delivers professional market analysis with both fundamental and technical aspects on a daily basis on 6 platforms.

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Feel free to sign up for a demo account to receive the latest market update to your inbox, or follow us on social networks.

Our analysis helps our clients to trade more efficiently, cut losses, and find the entry and exit points easier.

Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of market transparency mean price manipulation is not feasible.

Do you lose money on your trades? Does the market play you? Are you tired of getting stopped by market spikes?

If your answer is YES, then you should consider studying forex. You can subscribe to our channel on YouTube to access our weekly trading tutorials, courses, and market updates. Our expert team helps traders worldwide to understand the market movement better than ever before.

Solid ECN YouTube channel

Forex Trades 24 Hours a Day, Five Days a Week

Retail traders have the blessing of highly leveraged trading with lower margin requirements than in equity markets. But before you get involved with trading in the forex world, you'll have to know about the popular currency pairs.

Here's a shortlist of the six most tradable currency pairs in forex.

1. EURUSD
The EURUSD currency pair tends to have a negative correlation with USDCHF and a positive correlation with the GBPUSD. This is because of the positive correlation between the euro, the pound, and the Swiss franc.

2. USDJPY, trading the "Gopher"
The next most traded pair has been the USDJPY. USDJPY has been exposed to political sentiment between the United States and Asia. The instrument tends to be positively correlated to the USDCHF and USDCAD currency pairs due to the U.S. dollar being the ground currency in all three pairs.

3. GBPUSD, Trading the "Cable"
The GBPUSD pair tends to have a negative correlation with the USDCHF and a positive correlation with the EURUSD. This is expected to be the positive correlation between the British pound, the Swiss franc, and the euro.

4. AUDUSD, Trading the "Aussie"
The AUDUSD currency pair tends to have a negative correlation with the USDCAD, USDCHF, and USDJPY pairs due to the U.S. dollar being the quote currency in these cases. The correlation with the USDCAD is also because both the Canadian and Australian dollars share a positive correlation with each other as both are commodity block currencies.

5. USDCAD, trading the "Loonie"
The USDCAD currency pair tends to be negatively correlated with the AUDUSD, GBPUSD, and EURUSD pairs due to the U.S. dollar being the quote currency in these other pairs.

6. USDCNY, trading the Yuan
The USDCNY currency pair describes the connection between the US dollar and the Chinese renminbi, generally known as the yuan. In recent years, it has represented about 4% of daily forex trades.

The US-China trade relationship has been volatile in recent years, feeding USDCNY traders with plenty of speculative possibilities.

Understanding Basic Order Types
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Traders must educate themselves with necessary order classes which are common across all trading platforms. Understanding how these order types work and when to utilize them assists get the best execution and managing the market risks.



Market Order: This is a type of execution to purchase or sell a trading instrument at the best-offered price. For instance, consider the bid/ask spread in Apple was $180 ? $180.1, and a trader decided to buy the stock at the market price. They would get a quick fill at $180.1, the best ask price. Traders generally use market orders when they want a fast execution.

Limit Order: A limit order establishes the maximum quote a trader is willing to pay for a trading product (buy limit order) or the minimum they're ready to receive a security product (sell limit order). For example, let's say the bid/ask spread in Apple is $180 ? $180.10, but the trader believes they can sell at a better price. They could place a limit order at $190, meaning that their securities won't be sold unless the bid price reaches at least $190. Limit orders are very useful for traders who are more concerned about the price than a quick execution

Almost every trader spends time seeking that perfect entry or exit point in the market. While the searching process can be interesting, the outcome is still the same. The fact is, there is no one solution to trading the stock markets. Therefore, traders should learn that indicators can only help them find good opportunities to purchase or sell a trading product.

There are four distinct market indicators that most prosperous forex traders are using.

Trend following indicators.
A trend-following tool helps traders find the direction of the current wave. It is feasible to make profits by going against the trend, but more risk will be involved. Therefore, experienced traders find the trend direction to ease their approach to the market.

Most traders use trend-following indicators as a separate trading strategy, and since this is considerable, the real aim of using a trend-following indicator is to locate where you should consider buying or selling an asset. One of the most popular trend-following indicators is the moving average crossover.

A simple moving average symbolizes the average closing price over a specific number of days.

The chart beneath shows the 50-day/200-day moving average crossover for the euro/yen symbol. The approach here is that the trend is good when the 50-day moving average (in yellow) is above the 200-day average (in blue) and negative when the 50-day is below the 200-day. As the chart below indicates, this blend did well in determining the primary trend of the market. You should know, that there will be whipsaws or fake break-outs regardless of your moving-average settings.



The chart below shows a different mix. The 10-day/30-day crossover. The advantage of this blend is that it will respond faster to changes in the market price movements than the last one. The downside is that it will be more exposed to whipsaws than the longer-term 50-day/200-day crossover.



Many traders may claim that the settings they are using for moving averages are the best, but the fact is, there is no so-called "the best" moving average combination.
The important is, that forex traders will benefit from using trend-following indicators regardless of their combinations, and gradually they will find that combination fits their trading strategy.

The trend shown by moving averages should be used to notify traders if they can trade long or short. It should not be relied on when to enter or exit trades.