Cross-currency pairs are pairs that are not associated with USD, for example, audcad, audchf, audnzd, audjpy, cadjpy, chfjpy, eurjpy, eurgbp, eurchf, eurnzd, etc.

Stop loss orders are crucial tools in trading, offering several key benefits that help manage risk and preserve capital. Here's why they are important:

A trading indicator is a statistical tool used by traders to make informed decisions about buying or selling securities. These indicators analyze historical data, such as price, volume, and volatility, to forecast future market movements. They are...

The buying rate, also known as the bid price, refers to the price at which a financial institution or a market maker is willing to purchase a specific currency, security, or financial instrument from a trader or an investor. It is one of the two...

Scalping is a high-frequency trading strategy that involves buying and selling assets in a very short period of time, usually within minutes or seconds. It is a popular strategy among day traders and is often used in the stock, forex, and...

Carry pairs are both liquid and volatile. Pairs such as the EURJPY and USDJPY are traded all over the world, and trading activity is fast, but they are also quite volatile, as many financial players use the Japanese currency to borrow and invest in a...

The spot market is a market for buying and selling currencies depending on their current trading price. That price is determined by supply and demand and is calculated using a variety of factors, including current interest rates, economic...

Position sizing in trading refers to determining the appropriate size of a trade in relation to your overall trading capital. The goal of position sizing is to limit the potential loss on any one trade, while still allowing for the potential to make...

The inverted hammer candlestick pattern indicates a bullish reversal or reversal of a short-term downtrend. After a prolonged sell-off, when prices are near their lows for the period, an inverted hammer occurs. It is easy to identify on a chart...

Reversals in trading have two components: an emotional component and an intellectual component. The emotional component is that traders' egos enjoy predicting the market's peak or bottom. As a consequence of this emotional approach, often if the data...