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,...

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...

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...

The reasons for success in forex trading can vary, but there are some common factors that contribute to achieving favorable outcomes in this financial market. Firstly, having a solid understanding of the forex market and its dynamics is crucial....

In candlestick charting, a popular method used in technical analysis, several important values provide crucial insights into market behavior and aid in making informed trading decisions. These values are derived from the open, high, low, and close...

Live Trading in Forex refers to short-term trading. It is based on real time charts and has fast execution. The live Forex trading accounts take place in special trading platforms and support this type of trading activity.