Feb 28, 2024 10:33

Why to close losing positions in forex?

Unfavorable news emerges, i.e. published news that turns the trend against you. There's nothing to look forward to here. You should close the position and open it to the new trend.


Feb 28, 2024 06:17

Hard work and forex

We can get nothing in forex without hard work. It is never possible to get something in forex overnight and we can not become rich quickly. If we want to get good and ultimate results in forex we need to work hard and go forward without greed and...


Feb 28, 2024 02:45

How do economic indicators influence Forex prices?

Economic indicators wield significant influence over Forex prices as they provide crucial insights into the health and performance of a country's economy. Traders closely monitor these indicators to make informed decisions about currency movements....


Feb 27, 2024 08:35

When is the best time to scalping?

Scalping is high-speed trading, which requires a lot of liquidity in order to execute trades quickly. Trade major currencies only when liquidity is strong and volume is high, including when London and New York are fully operational. When trading...


Feb 27, 2024 08:31

What are the advantages of trading with a non-dealing desk (NDD) broker?

Trading with a non-dealing desk (NDD) broker offers several advantages over dealing desk brokers. One of the main benefits is that NDD brokers offer a more direct and transparent trading environment, as they do not take the other side of their...


Feb 27, 2024 03:00

What are the different variations of Doji candlesticks?

Doji candlesticks exhibit various formations, each conveying distinct market sentiments and potential implications for traders. Understanding the different variations is crucial for accurate technical analysis. Here are some notable variations:


Feb 26, 2024 12:59

What are the risks of using algorithmic trading in forex?

While algorithmic trading has many advantages, it also has some drawbacks. Algos operate at high speeds, which means that a bug could result in significant trading losses in a short period of time.


Feb 26, 2024 08:41

What are the prop firms in forex?

Prop firms have become very popular among traders in recent years. Funding packages are offered by these firms for those who don't have a great deal of money to invest in forex. However, most forex traders dream of becoming rich overnight. Small fund...


Feb 26, 2024 06:32

The role of price action trading in forex strategies

The extent to which fundamentals are considered varies from trader to trader. Similarly, price action is an essential component of any successful Forex trading strategy. This practise is frequently referred to as "technical analysis." Trend following...


Feb 26, 2024 02:43

What is the fundamental difference between a bullish and bearish strategy in forex?

In the realm of forex trading, the fundamental difference between a bullish and bearish strategy lies in the anticipated direction of currency value movements. A bullish strategy, commonly associated with optimism and confidence in market conditions,...