Candlestick charts are more informative than line charts because they show far more detail about market behaviour within a specific time period. A line chart only connects closing prices, which gives a simple view of overall direction but hides the...
Trading patterns are a valuable tool for traders and investors in the financial markets. These patterns, formed by the movement of prices over time, offer a range of benefits that can enhance decision-making and improve trading outcomes.
Hard work in forex goes far beyond just spending hours watching charts or placing trades. It’s about the discipline, consistency, and continuous learning required to build long-term success in one of the most competitive financial markets. True...
My favourite forex indicator is the Relative Strength Index (RSI) because it provides a clear picture of market momentum and potential reversal points. RSI measures the speed and change of price movements, typically on a scale from 0 to 100. Readings...
Stop loss orders are primarily designed to protect investors from significant losses by automatically triggering a sell order when the price of a security reaches a predetermined level. While stop loss orders can be beneficial for short-term traders...
Social trading is a form of investing that allows investors to observe and mimic the trades of more experienced and successful traders in their social network. It can be especially useful for new investors who may not have the knowledge or experience...
The Albanian Lek (ALL) is the official currency of Albania, a country located in Southeastern Europe. It has been the national currency of Albania since 1926, although its current form, known as the "new lek," was introduced in 1992 to replace the...
A Counter Currency is the second currency listed in a currency pair, also known as the "Quote" currency. Currency trading can be perplexing at first because you must always deal with a currency pair. The first currency in the pair is referred to as...
A newbie in forex trading should learn about the dirty float system because it’s one of the most common currency exchange arrangements used by major economies today. Unlike a clean or free float, where a currency’s value is determined purely by...
A Simple Moving Average (SMA) is one of the most common tools traders use to identify buy and sell signals in financial markets. It smooths out price data by calculating the average closing price over a specific period, such as 10, 50, or 200 days....