Dealing with stress and setbacks in trading is essential for maintaining a successful and sustainable trading career. When faced with the inevitable challenges and setbacks that come with the territory, I will employ a multi-faceted approach to cope...

Many people are looking for information on how Forex traders pay their taxes. It is vital to note that taxation is one of the most crucial factors to take into account when it comes to Forex trading, just like it is with any other form of business or...

A floating exchange rate, also known as a flexible exchange rate, is determined by the foreign exchange market's supply and demand dynamics, and it is not pegged to a fixed value or controlled by government intervention. Several factors influence the...

A well-structured trading plan is essential for minimising losses and achieving long-term success in the markets. It provides discipline, reduces emotional decision-making, and ensures consistency in trading strategies. A proper trading plan includes...

The Symmetrical Triangle (also known as the Symmetrical Wedge) is a volatility contraction pattern.

Japanese candles, also known as candlestick charts, are a popular charting tool used in the technical analysis of financial markets. While they are widely used and have their advantages, it is not accurate to say they are the most reliable and...

For beginner traders, deciding between short-term and long-term trading can be challenging. While short-term trading (like scalping or day trading) may seem exciting due to quick profits, it often requires advanced skills, emotional control, and...

Recovering maximum losses in forex trading requires a disciplined approach, risk management, and strategic planning. First, traders must analyse their losing trades to identify mistakes, such as overtrading, poor risk-reward ratios, or emotional...

When comparing stability between Forex (foreign exchange) and stocks, Forex is generally considered less volatile than individual stocks but more volatile than the stock market as a whole. Here’s why:

A daily candle in forex is a type of price chart representing a currency pair's trading activity over 24 hours. Each candle provides four key pieces of information: the opening price, closing price, highest price (wick or shadow), and lowest price...