Trading major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, can offer several benefits for traders. One of the primary advantages of trading major currency pairs is their liquidity, which means that they are traded in high volume and can be...
Harmonic Patterns were invented by H.M. Gartley in 1932. In Profits in the Forex Market, Gartley described a five-point pattern (dubbed the Gartley). In his book Fibonacci Ratios with Pattern Recognition, Larry Pesavento used Fibonacci ratios to...
Trend refers to the movement of the market and how that affects the price of a currency. A trader who can analyze the trend of the market from his knowledge can do well in his trade, and this is the right way of trading. Finding the exact trend of...
According to the DailyFX Traits of Successful Traders series, the Asian trading session is one of the best times to trade forex. The Asian session, also known as the Tokyo session, is often overlooked since it is not as liquid or volatile as other...
A virtual gold investment allows investors to purchase physical gold online and have it stored on their behalf. Over the last decade, the market for these products has grown significantly, with the largest providers now holding billions of dollars of...
The basic premise behind Elliott Wave Theory is that financial markets, such as stocks, currencies, or commodities, move in repetitive patterns based on the psychology of market participants. Developed by Ralph Nelson Elliott in the 1930s, the theory...
It is generally understood that "deviation" refers to deviating from the intended meaning. Trading deviations are differences in the psychology of stock traders from the rest. In other words, this is an occupational deformation.
Commodities are traded using a variety of financial instruments, including futures contracts that are based on underlying physical commodities. By purchasing or selling futures contracts, investors bet on the future value of a specific commodity....
A bearish stick sandwich will have long green candlesticks on the outside and a shorter red candlestick on the inside, both of which will be completely encircled by the long green candlesticks. A bullish stick sandwich looks similar to a bearish...
An uptrend depicts the price movement of a financial asset when the overall trend is upward. In an uptrend, each successive peak and trough is higher than the ones seen earlier in the trend. As long as the price makes these higher swing lows and...