In trading, the worst pair is typically the one that leads to significant losses for traders. This could refer to a combination of currencies or assets that are highly volatile, or it could simply be a pair that traders are not familiar with or do...
It is common for traders to fail on the financial markets due to a variety of factors, so the trader must recognize the most important ones in order to avoid making the same mistakes as many novice traders do. One of the most common mistakes traders...
Fibonacci retracement levels are a popular tool in forex trading used to identify potential support and resistance levels based on key Fibonacci ratios. These ratios, derived from the Fibonacci sequence, are believed to reflect natural patterns of...
Swap arises due to the overnight interest rates for each currency being different. Since currencies are always traded in pairs, you always need to borrow one currency in order to buy another, so it follows that you have to pay interest on the loan,...
The most volatile major currency pairs are: AUD/JPY (Australian Dollar/Japanese Yen) NZD/JPY (New Zealand Dollar/Japanese Yen) AUD/USD (Australian Dollar/US Dollar). And AUD/USD turned out to be the least volatile currency pair.
A two-candle pattern, also known as a two-bar pattern, is a technical analysis concept that involves studying the relationship between two consecutive candlesticks on a price chart. Traders and analysts often examine these patterns to gain insights...
A breakout strategy in forex trading involves identifying and capitalizing on significant price movements that occur when the market breaks out of a defined trading range or consolidation phase. Traders using this strategy aim to take advantage of...
The Forex market buying and selling is the pastime of wagering at the motion of foreign exchange prices with the aid of using shopping and promoting one forex concurrently. Currency alternate prices vary in response to a whole lot of economic,...
Short-term trading necessitates constant monitoring. Long-term trades, on the other hand, may be too passive for some people and necessitate a great deal of discipline to be successful. Swing trading is a popular choice among new traders due to its...
One of the most common technical trading strategies is to use a Fibonacci retracement level to determine where to enter a trade. Consider the following scenario: a trader notices that a stock has dropped 38.2% after gaining significant momentum. When...