It is impossible to be a successful trader whether you trade Forex, Stocks, or Cryptocurrencies if you don't have the right tools.
The bear trap is a sudden downward price movement that entices bearish investors to sell an investment short, followed by a price reversal back upward. As prices rise, short sellers lose money, which may trigger a margin call or force them to cover...
Automated trading tools are software programs designed to execute trades automatically based on predefined rules, strategies, or algorithms. Instead of placing trades manually, traders set conditions such as entry price, exit price, position size,...
I have noticed that indices exhibit some of the most volatile market movements you can find. So, does one form trading setups in the same way one would on the more forgiving currency markets, or are there specific methodologies for trading indices?
The Dark Cloud Cover is a bearish candlestick pattern that signals a potential reversal in an uptrend. It consists of two candlesticks and is a key indicator in technical analysis. Here are its main components:
An economic calendar is a tool that provides information about upcoming economic events and indicators, and is widely used by traders, investors, and analysts to stay informed about market-moving events. The key indicators commonly included in an...
Ignorant trading has become widespread largely because markets are now easier to access than ever before. With a smartphone and a small deposit, anyone can trade complex instruments without fully understanding how they work. Convenience has removed...
Forex requires a combination of tools to analyse the market, execute trades, and manage risk effectively. Here are the key tools every trader should use:
The Relative Strength Index (RSI) is a widely used momentum oscillator that measures the speed and change of price movements to identify overbought or oversold conditions in a market. It ranges from 0 to 100 and is typically set with a 14-period...
Forex market sentiment refers to the overall attitude or mood of market participants towards a particular currency pair or the foreign exchange market as a whole. It is a measure of how traders and investors feel about the current and future...