Traders adopt Fibonacci techniques to various financial instruments like stocks, forex, and cryptocurrencies by applying the principles of Fibonacci retracements, extensions, and ratios to analyze price movements and identify potential support and...

Gann Theory, developed by W.D. Gann, is a technical analysis approach used in forex trading to predict price movements based on geometric patterns, time cycles, and mathematical ratios. The key principles include:

A chart pattern is a distinct structure inside a price chart formed by the movements of currency prices in Forex trading. The core of the technical analysis is chart patterns, which help Forex traders indicate what prices will do next based on prior...

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...