Because it involves the exchange of currencies from one country to another, forex is one of the most actively traded markets in the world.
A demo account contains no actual money, yet it seems and functions just like one. You may practise and fine-tune your trading abilities without jeopardising any of your own money by using "play/training" money. Inexperienced traders should utilise a...
Rsi is very important for trading forex. We can easily make a profit trading by following Rsi. Rsi has an upper and lower limit of 0 to 100. If you trade with Rsi over 90 you have cell trade entry and if you go below RSI 20 ou will have buy trade...
Coincident indicators are macroeconomic metrics that are as accurate as possible for the time period specified. Economic indicators can be classified into three categories based on the time period under consideration. Lagging indicators change as the...
More experienced traders believe that the most significant disadvantage of trading at night is the lack of activity on the market; however, traders who enjoy trading during the night claim this is actually the most significant benefit. The reason for...
One of the newest Forex trading strategies is the 50-pips-a-day Forex strategy, which capitalises on the early market movement of certain highly liquid currency pairs. This trading method works particularly well with the currency pairs GBP/USD and...
Forex intraday trading entails market players buying and selling their selected financial instrument inside a single day or multiple times within a single day. If forex intraday trading is done correctly, one may profit significantly from little...
A Hammer candlestick pattern is a single candlestick pattern that typically appears at the end of a downtrend and signals a potential reversal in price direction. Visually, a Hammer candlestick consists of a small body near the top of the...
The trader only needs to know two phases of the market, which are sideways and trending. In accordance with the market phase, if we use a trend following strategy, our strategy must be in a trend phase; however, we know that there is no fixed time...
A beginner's leverage in the Forex market is 1:30. This high leverage is used by even professional forex traders, but you should be aware of the risks. Leverage of 500:1 is considered high. In many jurisdictions, using more than this amount of...