In terms of trading volume, the forex market is indeed massive, with over $5 trillion traded daily. This is one of the most liquid markets in which to invest. So, while forex trading can potentially be a good source of income, the decision to become...

MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading experience. Millions of traders...

Cognitive biases are common mental shortcuts that our brains take to make decisions quickly and efficiently, but they can also lead to errors in judgment. Traders are particularly susceptible to these biases, as they often need to make quick...

A market order is an order to buy or sell a currency pair at the current market price. This type of order is typically used when a trader wants to enter or exit a trade as quickly as possible. A limit order, on the other hand, is an order to buy or...

Breakout trading is a popular strategy in the world of financial markets, offering a range of benefits that appeal to both novice and experienced traders. This approach involves identifying key support and resistance levels and then capitalizing on...

The pin bar pattern is a popular price action trading signal that can help traders identify potential market reversals. To trade the pin bar pattern, traders should first look for a pin bar formation on their charts, which typically appears as a...

The MetaTrader 5 Strategy Tester is a powerful tool that allows traders to backtest their trading strategies before executing them in the live markets. It is a module within the MetaTrader 5 platform that can simulate historical market data and...

The Non-Farm Payroll (NFP) report is a key economic indicator released monthly by the U.S. Bureau of Labour Statistics, measuring job growth excluding farm workers, government employees, and non-profit organisations. Its impact on the forex market is...

In the context of MetaTrader programming, the term "forex global variable" typically refers to a variable with a global scope within the MetaTrader trading platform. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are widely used platforms for developing...

The economic cycle, also known as the business cycle, refers to the natural fluctuations in economic activity over time. It consists of four phases: expansion (growth in GDP, employment, and income), peak (the highest point before decline),...