You can calculate the pip value by multiplying one pip (0.0001) by the lot/contract size. There will be 100,000 units of the basic currency for normal lots and 10,000 units for micro-lots. In the EUR/USD currency pair, a one-pip fluctuation in a...
A CRT expansion refers to a price movement in Candle Range Theory (CRT) where the market moves beyond the established range of a reference candle and continues in a particular direction. The reference candle creates a high and low that traders...
Market depth, often visualised as an order book, displays the real-time supply and demand for an asset by listing all pending buy (bids) and sell (asks) orders at different price levels. Unlike basic price charts, it reveals hidden liquidity, showing...
The Perfect Pullback Strategy is a trend-following trading approach that aims to enter a market after price temporarily moves against the prevailing trend. Instead of chasing price after a strong upward or downward move, traders wait for a controlled...
Profit-taking scaling in forex refers to a strategy where traders incrementally close portions of their profitable positions at different price levels. This approach helps to lock in gains while still allowing the potential for further profit if the...
Momentum indicators help identify market trends by measuring the speed and strength of price movements. They offer insights into whether a trend is likely to continue, weaken, or reverse. These indicators analyze price data over a specific period and...
Choosing a reliable forex broker is one of the most important decisions you will make as a trader. The broker you choose will be responsible for handling your money and executing your trades, so it is important to select a company that is reputable,...
There are more advantages to algorithmic trading than just speed, frequency, efficiency, and volume of orders. Human traders are most affected by emotion, and algorithmic trading eliminates that influence. Due to the fact that emotions never go away,...
Forex is generally well suited to day trading because the market offers high liquidity, frequent price movements, and extended trading hours. Traders can open and close positions within the same day without needing to hold trades overnight. Major...