Wassion49

Oct 11, 2024 16:31

How is the quote currency represented in currency pairs?

In currency pairs, the quote currency is represented as the second currency listed. It serves as a benchmark to determine the exchange rate with the base currency. The quote currency's value is expressed in relation to the base currency. For...

Rion1944

Oct 11, 2024 12:08

What should be first step to start forex?

The first step to embark on a journey into the world of forex trading is to build a solid foundation of knowledge and understanding. Forex, short for foreign exchange, involves the trading of currencies on the global market, and it can be highly...

Tiese1967

Oct 11, 2024 06:38

Types of Technical Analysis

Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. There are several different types of technical analysis that traders use to make predictions about future...

Karam

Oct 10, 2024 12:01

What is quarterly CFDs?

Quarterly CFDs (Contracts for Difference) are a type of derivative instrument that allows traders to speculate on the price movements of underlying assets over a specific quarterly period. CFDs are popular financial products that enable investors to...

Imed73

Oct 10, 2024 08:22

Why do most people fail as retail traders?

The majority of individuals fail as retail traders due to a combination of factors. Firstly, many people enter the retail trading world with unrealistic expectations. They are lured by the promise of quick and easy profits, disregarding the complex...

Fuse1964

Oct 10, 2024 03:09

How can mindfulness techniques benefit traders?

Mindfulness techniques can significantly benefit traders by improving emotional regulation, focus, and decision-making. Trading often involves intense emotions like fear, greed, and anxiety, which can lead to impulsive decisions. Mindfulness helps...

Goldworthy

Oct 09, 2024 15:19

What is the profitability of forex trading?

How profitable you are with forex is entirely up to you! To make money through forex trading, you must first learn how to trade intelligently and then develop a trading strategy that works for you. Risk capital is money that you are willing to lose...

Herring

Oct 09, 2024 12:17

How does a margin call occur?

A margin call occurs when a trader's margin account falls below the required minimum level set by the broker or exchange. It is a risk management mechanism employed by financial institutions to protect themselves and their clients from excessive...

Herring

Oct 09, 2024 12:14

What is a buy order in forex trading and how does it work?

In forex trading, a buy order refers to a transaction where a trader purchases a currency pair with the expectation that its value will increase. When placing a buy order, the trader is essentially betting on the base currency's appreciation relative...

ChristopherLinkous

Oct 09, 2024 03:03

What is met hold candlestick pattern?

The "Met Hold" candlestick pattern, also known as the "Upside Tasuki Gap", is a bullish continuation pattern seen in technical analysis. It typically appears in an uptrend and signals the likelihood of the trend continuing upward.