Social influence and herd behavior significantly impact forex trading, often leading traders to make decisions based on the actions of others rather than their analysis or strategies. This phenomenon occurs because humans are inherently social...

Trend Envelopes and Bollinger Bands are both technical indicators used to analyze price movements, but they differ in construction, purpose, and behavior under changing market conditions. Trend Envelopes are built by plotting fixed percentage bands...

The Hikkake candlestick pattern is a price-action trading setup used in technical analysis to identify potential market reversals or trend continuations after a false breakout. The term “Hikkake,” a Japanese word meaning “to trap,” reflects...

Moving averages are useful on short timeframes because they help traders simplify fast-moving price action and make clearer decisions in noisy markets. On lower timeframes such as one-minute, five-minute, or fifteen-minute charts, price movements can...

Adrofx Established in 2018, AdroFx is regulated by multiple authorities and provides services to clients from more than 200 countries. The company offers a full-fledged trading experience with numerous benefits: education, copy-trading, instant order...

As the name implies, an expert advisor (EA) is a piece of software that makes trading decisions on your behalf. After installing Forex EA on a trading platform, the expert advisor or trading robot will manage your trades based on some predetermined...

Fiscal policy plays a significant role in influencing currency pair movements by shaping a country’s economic outlook and investor confidence. Fiscal policy refers to government decisions on taxation, public spending, and budget deficits or...

The Dark Cloud Cover is a bearish candlestick pattern that helps forex traders anticipate potential trend reversals, especially after an uptrend. It forms over two candles. The first is a strong bullish candle, showing continued buying pressure. The...

The success of a short position trade in the forex market depends on several critical factors that traders need to consider. These factors play a significant role in determining the profitability and risk associated with short selling:

A bear flag pattern is a popular continuation pattern in technical analysis that signals the potential continuation of a downtrend after a brief pause. It forms when price experiences a sharp decline, known as the flagpole, followed by a short period...