Doji candlesticks exhibit various formations, each conveying distinct market sentiments and potential implications for traders. Understanding the different variations is crucial for accurate technical analysis. Here are some notable variations:

In finance and technical analysis, "parabolic" refers to a specific chart pattern known as the parabolic curve or parabolic SAR (Stop and Reverse). The parabolic curve is a trend-following indicator that helps identify potential reversal points in...

In forex, a closed position refers to the completion of a trade where a trader has exited their position by either selling a previously bought currency pair or buying back a previously sold currency pair. It signifies the end of a trading transaction...

The term "loonie" refers to the colloquial name given to the Canadian one-dollar coin. Introduced in 1987, the loonie replaced the traditional paper one-dollar bill and became a popular symbol of Canadian currency. The coin earned its nickname due to...

The Parabolic SAR (Stop and Reverse) is a technical indicator designed by J. Welles Wilder to help traders identify the direction of a market trend and potential reversal points. It appears on a chart as a series of dots placed either above or below...

In forex, “overbought” refers to a condition where a currency pair’s price has risen sharply over a period, suggesting that it may be due for a correction or pullback. It occurs when buying pressure pushes the price to levels considered higher...

Value at Risk (VaR) is a statistical tool that helps forex traders estimate the potential loss of a portfolio over a specific time period, given a certain level of confidence. In simple terms, VaR answers the question: “What is the maximum loss I...

Avoiding unnecessary trades in forex is essential for protecting capital and maintaining emotional discipline. One of the most effective ways to prevent overtrading is to create a well-defined trading plan. This plan should outline your entry and...

A country's central bank sets interest rates in accordance with its monetary policy - and this will differ from country to country. If a trader is long the currency in the pair with the higher interest rate, then they earn interest on their position....

First, a trader must devise a trading strategy. This includes devising a strategy for acquiring knowledge of the subject (Forex trading), attending trading seminars, enrolling in online courses, and devoting as much time as possible to research the...