MetaQuotes Language 4 (MQL4) is a programming language that is built into MetaQuotes for implementing trading strategies. Based on their extensive experience in developing online trading platforms, MetaQuotes Software Corp. developed this language....
The TRIX (Triple Exponential Average) indicator is a momentum oscillator used in technical analysis to identify potential trend reversals and assess the strength of existing trends in financial markets. Developed by Jack Hutson in the 1980s, TRIX is...
The basic dangers of scalping are things you might not think of as such at first, such as the spreads you pay. If you have 2-3 (or more, like 4-5 pips) pip spreads on the major pairs, it is not good for scalping, regardless of how good your broker is...
Practice in forex trading majorly refers to demo trading and you must be committed to this task until you have been at your best. What you do here is trading but at the demonstration stage and that is it is called demo trading, you are getting...
A micro lot, in the context of trading and finance, refers to a smaller unit of measurement used in determining the size of a position in a foreign exchange (Forex) trade. It represents 1,000 units of the base currency in a currency pair. In other...
The forex market trades currencies such as GBP, USD, JPY, AUD, CHF, and ZAR. Forex, often known as foreign exchange or FX, is based on the principles of supply and demand. They acquire an asset through Forex trading by exchanging one currency for...
The gray market is an informal stock market where bonds are traded before they are officially issued. There is a gray market where traders can execute securities orders from priority clients to the official issue of securities (e.g. bonds). The...
The Hammer candlestick stands out in the realm of technical analysis due to its distinct characteristics that set it apart from other candlestick patterns. One prominent feature is its unique shape, consisting of a small real body near the top of the...
Unfavorable news emerges, i.e. published news that turns the trend against you. There's nothing to look forward to here. You should close the position and open it to the new trend.
We can get nothing in forex without hard work. It is never possible to get something in forex overnight and we can not become rich quickly. If we want to get good and ultimate results in forex we need to work hard and go forward without greed and...