Forex trading account types are often determined by trade volume. Trading volume refers to how much money you wish to exchange. It is measured in lots. Micro accounts, for example, allow you to trade micro or nano lots (1,001 and 100 units of...

A demo account is a simulated account used for practicing and learning purposes in a risk-free environment. It is typically offered by financial trading and investment platforms, such as forex brokers, stockbrokers, and investment firms, to allow...

The Homing Pigeon candlestick pattern is a bullish reversal pattern that appears in a downtrend, signalling a potential shift in momentum. It consists of two consecutive bearish candlesticks, whereas the second one is entirely contained within the...

In Forex , the supply and demand zones are crucial concepts for understanding price movement and making informed trading decisions. A supply zone refers to a price level or range where selling pressure is strong enough to outweigh buying pressure,...

W.D. Gann, born William Delbert Gann in 1878, was an American financial trader and market theorist renowned for his unique and controversial methods of predicting price movements in the stock and commodities markets. He developed a range of tools and...

Stop-loss targets are used in trading to minimize potential losses by setting a predetermined price at which a trade will be automatically closed. The best way to set stop-loss targets is to use a combination of technical analysis and risk management...

Not having control over emotions in trading can lead to several disadvantages. Firstly, emotional outbursts can result in impulsive and irrational decisions that can lead to significant losses. Secondly, strong emotions such as fear and greed can...

Rule-based Expert Advisors (EAs) and AI-powered trading robots are both automated trading systems, but they differ significantly in their design, functionality, and adaptability.

Floating leverage can be a useful tool for traders as it allows them to adjust their leverage levels based on market conditions and their risk tolerance. One of the main benefits of using floating leverage is that it provides traders with more...

Drawing a vertical line on a forex chart helps mark specific time points, such as major news events, trade entries, or session openings. Most trading platforms, like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), offer an easy way to add vertical...