Welcome to Bitcoin Health Coin!

Not even legends have much luck in forex trading if the broker is unwilling to cooperate. A broker has an important role in determining what kind of trading experience you will get as a forex trader. We are here to prevent our visitors from choosing the fake forex brokers who try to fool innocent traders. We carefully screen the best forex brokers and help you choose an efficient and reliable broker for your own benefit. So, if you are planning to explore the trading market, we are sure you will find our forex and crypto reviews invaluable in the crowded and sometimes dubious world of the forex brokers.


Why Start Your Own Forex Brokerage Using A White Label Solution?

white label forexs

What Is White Label Forex?

White label has recently gained popularity among business owners, and for a good reason. It presents a unique opportunity for people or businesses to enter the market and provide branded trading services, even if they need more expertise in the forex brokerage sector.

In its simplest form, white label is one firm buying a good or service from another and then rebranding it under its own name. Regarding forex, white label entails a business getting a pre-built trading platform and other services from a provider and offering them to customers under their own brand. Read More

Beginner’s Guide to Forex Trading Tools

Forex Trading Tools

Developing any skill would become a lot easier when you learn to use the tools that can enhance the skill that you are trying to master. Forex trading is also a skill that takes time and effort for an average beginner to get a grasp of. You can start by understanding the basic trading concepts and theories which can be easily found in books written by experts. Once you gather some surface level knowledge you can dig into the technical aspects of trading in the volatile forex market. This involves the proper usage of forex trading tools that makes forex trading easier for us. This beginner’s guide will give you a clear understanding of the most important forex trading tools that you should learn to use for a better trading experience.

What are Forex Trading Tools?

Forex trading tools include various tools used for fundamental and technical analysis of the market as well as advanced social trader tools. The forex risk management calculator is also a part of the trader’s toolkit. Beginners need to spend some time in order to learn about each of these tools and the role they play in trading. Let’s have a look at top forex tools for traders which are essential. The choice of these tools will also have a role in the overall trading experience.

1. Forex Trading Platform

The first and foremost thing a forex trader needs is a fully functional and feature-rich trading platform. Some examples would be platforms like MT4 and MT5 which are chosen by millions of traders all over the world. A trader also needs a demo/ live trading account with a forex broker to access the forex market and place trades. Demo trading accounts are just for practice without risking real money and live accounts are used for actual trading. Most brokers will provide a choice of supported trading platforms and you can start trading by joining any of these platforms.

2. Charting Software

Charts function as an essential forex trading tool as they will depict a clear picture of the market situation. The price data presented in visual format with the help of charts help traders to make quick trading decisions by analysing them. Chart reading is a skill that a trader needs to develop for analysing the price charts properly. Trading platforms like MT4 and MT5 also function as charting software by providing different types of charts with customisation options to users. You can also choose to download other charting softwares based on your preference. Candlestick charts are most commonly used charts among forex traders. Read More

A Trader’s Guide to Automated Trading

What is Automated Trading?

Automated Trading

Automated forex trading, also called algorithmic trading, is the process of using computer programs or software to execute trades in the financial markets. These systems are designed to analyze market data technically and make trades based on predetermined rules and algorithms.

In automated trading, a trader is not required to intervene manually to initiate or exit a trade. The rules are written in the proprietary language of the program and the software places order on the basis of those guidelines.

Forex automation can include the use of expert advisors (EAs), also known as forex trading robots, as well as the use of more advanced AI-based systems. These systems should be integrated with a brokerage platform so that the buy and sell orders placed with a trading bot can be executed in the real market. Check out the best copy trading crypto here.

How Does Automated Trading Work?

The automated trading software or a robot runs on a program that identifies the buy and sell signals which are generated based on the criteria set by the trader.

The process typically starts with the creation of a trading strategy as it is the strategy that governs the rules for trade execution. These rules can include things like entry and exit points, stop-loss and take-profit levels, and money management techniques. Instead of creating a strategy, you can also buy a readymade autotrading forex system as there are plenty of them available on the internet. However, it’s crucial to exercise caution and understand the underlying strategy of the system to assess the effectiveness of an expert advisor.

Once the system is set up, it will continuously monitor the market and execute trades automatically based on the rules that have been programmed. The system can also be configured to adapt to changing market conditions and make adjustments to the trading strategy as needed.Read More

A Beginner’s Guide To CFD Trading


With the accessibility of online trading platforms, CFD (Contracts for Difference) trading has gained immense popularity amongst traders of all levels. While it can be a high-risk trading strategy, understanding how CFDs work can minimize your exposure to risk. Therefore, before venturing into CFD trading it is recommended that you thoroughly understand what it is and how it works!

What is CFD Trading?

CFDs are a type of financial derivative that enable traders to speculate on the price of an asset. It is an advanced trading strategy that experienced traders typically use, and there is no physical delivery of securities such as forex, stocks, indices, or commodities. As the name suggests, a contract for differences (CFD) settles the difference between the opening and closing trade prices through cash. This means CFD trading involves exchanging the price difference of the asset from when the contract is opened to when it is closed. Though they have low barriers for entry and are readily available for online trading, it is important to note that CFDs can be complex instruments and should be traded with caution.

How Do CFDs Work?

CFD trading is a method of trading in financial markets where contracts are used to reflect the prices of assets like currency pairs, stocks, commodities etc. The concept behind CFDs is that when you initiate a trade, you are agreeing to exchange the difference in price from when you opened the position to when you close it. This is why they are called “contracts for difference”. If you purchase a CFD, you will profit when the currency’s price increases, but will incur losses if it falls. On the other hand, if you sell a CFD of a currency pair, you will profit when its price drops, but will suffer losses if it goes up.

Therefore, the net profit for the trader is the difference in price between the opening trade and the closing-out trade, which is cash-settled through the trader’s account.

Traders can bet on either upward or downward movement of the underlying asset. If the price of the asset increases, a trader who purchased a CFD will sell their holding and earn a profit. Conversely, if the trader believes that the asset’s value will decline, they can place an opening sell position and purchase an offsetting trade to close the position. Read More

Types Of Forex Trading Calculators

forex trading calculator

Forex trading is a profitable venture if you treat it like a real business. Before you invest your money in trading, you must first invest your time in learning about the market and gaining trading skills. For individuals who work hard to consistently understand the market sentiments and make judgments based on that understanding, forex trading can be pretty rewarding. Although initially, forex trading might not be as profitable, as long as you persevere and gain expertise, you will achieve success. Check out the best forex trading systems here.

Even if it is not required to be an expert to trade currencies, you should at least have a fundamental understanding of this market to get started. In order to make the most of trading, it is critical to learn new techniques, keep updated with recent market news, and use the best possible tools like trading calculators that will help you to make better trading decisions.

In the article, we will further discuss the trading calculators, their types, uses, etc.

What is a Forex Trading Calculator?

Trading calculators are programmed tools designed to help traders assess risks and decide what course of action to take. All traders can calculate their trades so they can determine how much money they will make or lose on each transaction. They let traders pre-plan the trades, manage risks, and help to pick the strategy which suits them the most. All of these tasks are fully automated which improves efficiency and output as there are fewer chances of making costly errors. Moreover, traders can examine the effectiveness of their trades, analyse risk against reward, maximise profits, anticipate future performance, predict future trades, and evaluate the performance of their strategies. So you have to choose the best cfd trading calculator.Read More

Beginner’s Guide to MT5 Trading

MT5 Trading

Each and every person with interest in trading must have heard about the MetaTrader platform. MetaTrader 4 and MetaTrader 5 are the most widely used trading platforms on a global level. MetaTrader 5, or MT5, is the advanced successor of the classic MT4 trading platform. The developers of MT5 have done their best to ensure that each and every trader transitioning to the MT5 platform gets a better and superior trading experience. But they also have retained the simplicity and user-friendliness of the former version which made the MetaTrader suite a popular choice among traders in the first place. With this article, you will get a complete beginner’s guide to MT5 trading as we will draw a one-on-one comparison between MT4 and MT5, download and use MT5, discuss advantages and downsides, and how to add indicators and trade on MT5.

How to Start Trading with MetaTrader 5 (MT5)?

The first step to start trading with MT5 is opening an MT5 account. For first-time users, practising with a demo account before getting into actual trading is better. You can choose to make an account on MT5 directly without a broker for demo trading, but a broker is a must when you move forward with live trading. So, you should opt for a broker of your choice even for demo trading, as it will be good to test the trading conditions beforehand. You just have to find a suitable broker who offers MT5 for trading and will be able to download MetaTrader 5 version integrated with the broker platform. You can request the broker’s login credentials and easily log in to your MetaTrader 5 demo account.

Once you download and log in to the platform, you can see the intuitive interface loaded with all essential trading tools, which can be easily accessed with the main menu bar. You will see tabs like file, view, insert, charts, options, and help. You are free to customise and personalise your trading environment to your preference. Take your time and experiment with all tools until you get used to the advanced trading terminal. You can also see a built-in toolbar right below the main menu, where you will find duplicate commands and functions for the main menu, which can also be customised as and when needed. You can easily change the chart types, time frames and more for your convenience. Read More

All You Need To Know About Copy Trading

copy trading

If you are a beginner with limited market knowledge, copy trading can be a perfect way to get started. Rather than investing your time and energy in learning the nitty-gritty of the market, you can climb the ladder of success by copying the trades of an experienced trader. Sounds interesting, right?

Let’s get into the details and understand what copy trading is, how it works, its pros, cons, tips for copy trading and the best forex copy trade to start with.

What Is Copy Trading?

Copy trading, also known as social trading, is an innovative trading approach in which traders can copy the trades of other traders in real-time. This allows traders to benefit from the experience and expertise of successful traders without having to do their own research and analysis.

The concept of copy trading started in 2005. Before that, traders used to convey their intention to open or close a position through email or virtual chat rooms. Then the concept of automated trading was born in which the traders used to share their trading history so that other traders could follow. This was soon followed by a new method of trading called “Copy trading” Read More

Islamic Forex Accounts – The Halal Way Of Trading

Islamic Forex Accounts

Internet trading platforms have made it simpler than ever for traders to access the CFD markets round-the-clock and benefit from a variety of financial instruments. From forex and commodities to stocks, bonds, and cryptocurrency options, there’s no shortage of opportunities to make profits.

While some traders love the fast-paced nature of day trading, others choose a longer-term strategy and hold onto their positions for longer than 24 hours. However, It’s crucial to keep in mind that on maintaining a position overnight, a rollover fee will be imposed by the broker.

Such fees might be troublesome for traders who follow Sharia law’s principles since they violate the Riba prohibition. To help Muslim traders navigate this issue, some online trading platforms or halal forex brokers offer Islamic trading accounts that are free from Riba and other prohibited activities. And in this article, we’ll discuss these accounts—commonly referred to as “Islamic forex trading accounts”—in more detail.

What Is An Islamic Forex Account?

An Islamic Forex account is a type of trading account that caters to Muslim investors who seek to engage in the forex market while following the principles of Islamic finance. Islamic accounts are also known as swap-free accounts as Islamic brokers don’t impose swap costs on the positions kept open overnight in the Islamic account. These vary from conventional forex accounts since they do not enable the collection of interest in compliance with Sharia law.

As a result, traders using Islamic accounts do not incur interest, and transactions must be completed immediately to eliminate any uncertainty or “gharar.” Read More

A Detailed Overview Of Managed Forex Accounts

Managed Forex Accounts

Managed Forex Accounts are a popular trading solution for those looking to enter the world of foreign exchange trading without learning the ins and outs of the market. In this type of account, a professional trader manages the investor’s funds on their behalf, making trades and decisions based on their experience and expertise. Managed Forex Accounts offer several benefits, including the ability to earn profits while potentially minimising risk, diversification of investments, and the convenience of having a professional handle the trading process. This overview will delve deeper into Managed Forex Accounts, exploring how they work, their benefits and drawbacks, and how to choose the right provider.

What is a Managed Forex Account?

A managed forex account is a type of investment account where a professional money manager makes investment decisions on behalf of the account holder. Essentially, the account owner grants the manager full discretionary authority to manage their forex trading account, including deciding which currency pairs to trade, when to enter and exit positions, and how much risk to take on. The money manager is typically compensated based on a percentage of the profits generated in the account, known as a performance fee.

Managed forex accounts offer several potential benefits for investors. For one, they allow investors who lack the time or expertise to actively trade the forex markets to participate in this potentially lucrative asset class. Additionally, the expertise and experience of the money manager can lead to better investment decisions and higher returns than an individual investor might achieve on their own. Finally, managed forex accounts can provide investors with diversification benefits by offering exposure to a broader range of currency pairs and trading strategies than they might be able to access on their own. Read More