A Forex trading journal holds paramount importance in the world of currency trading as it serves as a comprehensive record of a trader's activities, decisions, and performance in the foreign exchange market. This tool is instrumental in fostering...

Price channels are a technical analysis tool used to identify trends and potential trading opportunities in financial markets. They consist of parallel lines drawn above and below an asset's price movement, representing support and resistance levels....

Businesses and dealers utilize forex for two main reasons: speculation and hedging. The former is used by traders to profit from currency price swings, while the latter is utilized to lock in prices for manufacturing and sales in foreign markets.

A well-structured trading plan is essential for minimising losses and achieving long-term success in the markets. It provides discipline, reduces emotional decision-making, and ensures consistency in trading strategies. A proper trading plan includes...

In trading, basing refers to a period of time where the price of a security or asset remains within a relatively narrow range. This can occur after a significant price move, and is often seen as a period of consolidation before the price makes...

To achieve significant profits in forex trading, you need a combination of strategy, discipline, and risk management. First, educate yourself thoroughly—understand fundamental and technical analysis, economic indicators, and market trends. A strong...

Leverage is one way to go about trading, and it is generally quite enticing as you can get more returns since it is multiplied despite your invested capital being small. However you will need to consider the risk involved, and hence it is more...

Technical analysis is based on several key principles and assumptions that guide its methodology.

A daily candle in forex is a type of price chart representing a currency pair's trading activity over 24 hours. Each candle provides four key pieces of information: the opening price, closing price, highest price (wick or shadow), and lowest price...

Recovering maximum losses in forex trading requires a disciplined approach, risk management, and strategic planning. First, traders must analyse their losing trades to identify mistakes, such as overtrading, poor risk-reward ratios, or emotional...