The euro is supported by the ECB’s decision to raise interest rates and revise its inflation forecasts higher. For EUR/USD, the key factor is not only the rate move itself, but also the signal that the central bank is ready to contain the...
Forex trading involves various strategies based on timeframes, risk tolerance, and market conditions. Here are the main types:
Passive income is frequently misunderstood and confused with ways to make money, as stated previously. Although a side hustle or second job can be a great way to boost your earnings, they are not truly passive unless they allow you to move backwards...
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein. Symbolized by "CHF" or "Fr", it is one of the world's major reserve currencies and is widely traded in the foreign exchange markets. The Franc is subdivided into 100...
A higher high is a price point in technical analysis where the market reaches a new swing high that is above the previous significant high. It is commonly used to identify an upward trend and understand market structure. When buyers consistently push...
Both novice and experienced traders are familiar with the term. You may be familiar with the term "trading psychology", but you don't quite understand its meaning or implications. There are many different definitions and some of them subscribe to the...
A foreign exchange spot contract is one in which the trader commits to purchase or sell the currency at the current market price. A spot currency transaction might be going to a local bank and exchanging some British pounds for US dollars before...
The Master Candle strategy is a forex trading approach that focuses on identifying a large candlestick, known as the Master Candle, followed by several smaller candles that remain within its high and low range. This formation suggests a period of...
The two main types of traders can generally be described as emotional traders and professional traders. The difference is mainly in how they make decisions, manage risk, and respond to market movements.
When the RSI exceeds 70 and falls below 30, the market is said to be overbought, and vice versa. These conventional levels can also be changed to better suit security if necessary. For example, if security is consistently approaching the overbought...