The Half Trend Indicator is a versatile tool that works across multiple time frames, but its effectiveness depends on a trader’s strategy. For short-term trading (scalping or day trading), the 5-minute (M5) to 1-hour (H1) charts are ideal, as they...
The Elliott Wave Principle, developed by Ralph Nelson Elliott in the 1930s, is a technical analysis tool used to predict market trends and price movements in financial markets, such as stocks, commodities, and currencies. It is based on the idea that...
It is difficult to accurately predict the weekly return that one can expect from the forex market, as it is highly volatile and subject to a range of factors such as global economic conditions, political events, and natural disasters. Additionally,...
The Envelope Indicator is a technical analysis tool that helps traders identify overbought and oversold conditions in the market. It consists of two moving averages, one above and one below a central moving average (usually a simple or exponential...
A trend-following strategy is a trading approach that aims to capitalize on the continuation of existing market trends. It is based on the idea that asset prices tend to move in sustained directions (upwards or downwards) over time, and traders can...
Low leverage refers to a financial strategy where a company or individual uses a minimal amount of debt relative to equity to finance its operations or investments. In other words, it indicates a conservative approach to borrowing, with a focus on...
Essentially, a currency forward is a tailored, documented contract between two parties that specifies a fixed exchange rate for future transactions in foreign currencies. Often, the date on which the currency conversion rate is set coincides with the...
A demo trading account is an essential tool for beginners in forex trading, offering a risk-free environment to practice and learn. It provides virtual funds, allowing new traders to execute trades, test strategies, and familiarize themselves with...
Requotes and slippage are bad for any type of forex trade. To avoid requotes, traders, especially scalpers, should choose a fast-trading platform. You should also use a broker that offers fast execution speed if you are a news trader.
Spot trading in the forex market involves directly exchanging one currency for another at the current market rate, known as the spot price. This type of trading is executed "on the spot," meaning the transaction is settled immediately, typically...