Aug 15, 2022 13:27

Best candlestick pattern

The engulfing pattern is the best candlestick pattern in Forex trading. This pattern is formed when one color's candle completely engulfs the other color's candle. It is regarded as a very reliable indicator that the trend is about to change. The...


Aug 15, 2022 12:18

3 golden rules of trading

1. Don't hop from one strategy to the next like a monkey. Every strategy has advantages and disadvantages. Choose any strategy and make it work the majority of the time with proper money management and risk-reward ratio. Try to get out of a losing...


Aug 15, 2022 03:01

Importance of self confidence in forex

How can you trade if you don't believe in yourself? Many traders have excellent analysis but lose because they lack confidence in their abilities. Trading is not easy, and making a profit requires a lot of experience. Trading is determined by the...


Aug 15, 2022 02:36

What is a PAMM account?

A PAMM (Percentage Allocated Money Manager) allows investors to allocate funds to account managers, who can then trade from a single master account. The PAMM technique is most often used in forex, which allows investors to earn from trading without...


Aug 15, 2022 02:34

What is commodity trading?

Commodities are traded using a variety of financial instruments, including futures contracts that are based on underlying physical commodities. By purchasing or selling futures contracts, investors bet on the future value of a specific commodity....


Aug 12, 2022 02:59

The danger with scalping

The basic dangers of scalping are things you might not think of as such at first, such as the spreads you pay. If you have 2-3 (or more, like 4-5 pips) pip spreads on the major pairs, it is not good for scalping, regardless of how good your broker is...


Aug 12, 2022 02:31

What is Saxo Bank?

Saxo Bank was established in 1992 in Denmark as an investment bank. Online trading and investment services are offered by the bank. Several financial authorities oversee the company, including the Financial Services Agency (FSA) of Denmark and the...


Aug 11, 2022 12:33

Scalping with RSI

The relative strength index, or RSI, is an oscillator that measures momentum and is used to forecast the future direction of the foreign exchange market. Day traders and scalpers, for example, can change the default parameters of the relative...


Aug 11, 2022 12:31

Scalping with price action

Price action trading is a strategy that can be used even without an indicator. Instead, forex scalpers conduct their analysis, which is based on parts of technical analysis, solely on price. This can be demonstrated by using candlestick charts, which...


Aug 11, 2022 12:28

What are the types of spreads on Forex?

The spread between two currencies is one of the most common. This is referred to as the foreign exchange spread. This type of spread gives you exposure to the currency that is being bought and sold. The foreign exchange spread is very common in the...