In forex trading, a daily chart is a graphical representation that displays the price movements of a currency pair over a daily time frame. It provides traders with a visual representation of the market's behavior and helps them analyze price trends,...
They are included in the market quote for a currency pair's exchange rate. Pips represent the change in the quote and value of a market position you may have taken. Assume you bought a currency pair for 1.1356 and sold it for 1.1360. Your trade...
Although trading is a difficult and sometimes unsuccessful task, profit-making can be achieved with the assistance of self-analysis and different indicators. There is a simple solution to all these difficulties if we are still unable to manage our...
Swap charges are primarily driven by interest rate differentials. A difference in interest rates between your base and quote currencies is another way to think about the difference in interest rates between your two currencies. It is natural that...
I am asking this question for a particular reason and I want to know your opinion which one is better. Forex or a normal job? I have a job but now thinking of quite this job and want to start Forex trading. is forex enough for our everyday living. I...
The Half Trend Indicator is a popular tool used in forex trading to identify potential trend reversals and momentum shifts in the market. Developed by Mladen, this indicator aims to provide traders with clear signals to enter and exit trades based on...
Forex trading is a business that demands patience and a disciplined approach. It is not a get-rich-quick scheme but rather a long-term endeavor that requires careful analysis, strategy, and emotional control. The foreign exchange market is highly...
The envelope indicator, often used in technical analysis, consists of two lines plotted above and below a security's price chart. These lines, derived from a moving average, create a channel that encompasses the price movement. Typically, the upper...
When it comes to comparing Forex and binary options, it's important to understand that both are speculative investment instruments with their own unique characteristics. Forex, or foreign exchange trading, involves buying and selling currencies on...
Your decision about whether to trade forex or stocks on leverage should be based on which asset you are interested in trading - currencies or shares. However, there are a few reasons why some traders prefer to trade forex than stocks: