A support level in trading is a price level where buyers are expected to step in and prevent further price decreases. Determining a support level involves analyzing past price movements and identifying areas where buyers have historically entered the...

Gaps appear when there is a very strong shift in the market's prevailing trends, whether up or down, in favour of a currency or other asset. Gaps can appear on any time frame and at any time, but because the forex market is so liquid, they rarely do....

Treating trading as a business has several advantages that can help traders achieve long-term success. The first advantage is that it forces traders to take a more disciplined and structured approach to their trading activities. This means developing...

The Fibonacci sequence is a series of numbers that forms a mathematical pattern. The sequence starts with zero and one, and continues by adding the previous two numbers.

Copy trading allows you to diversify your portfolio by gaining exposure to markets you are unfamiliar with.

Interbank rates refer to the interest rates at which banks borrow and lend money from one another in the financial market. These rates are determined by the demand and supply of funds in the market and are considered to be the benchmark for all other...

When traders ignore risk management, they often make several critical mistakes that can lead to significant financial losses.

In contrast to trend-following methods, reversals involve identifying a market's regular top or bottom. Technical indicators are frequently used to buy, sell, and trade reversals in order to identify potential market entry points. Some examples...

Basket trading strategies offer several advantages for traders and investors. One key benefit is diversification. By trading a group of assets as a single unit, traders can spread risk across multiple securities rather than relying on the performance...

To be a versatile foreign currency trader, you must continually gather market knowledge. For example, you may learn about the typical volatility of the currency pair you trade or the influence of news on the exchange in the short or long term. Use...