The amount of the counter currency required in exchange for one unit of the base currency in a foreign exchange transaction. For example, if the EUR/USD exchange rate is 1.1700, it would cost $ 1,17 to buy 1 euro.

There are several advantages a trader can get from scalping. However, it has limitations too such as the following:

ADX stands for Average Directional Movement Index, which measures a trend's overall strength. A price range value is averaged to produce the ADX indicator. As part of Welles Wilder's Directional Movement System, the ADX is a component. In conjunction...

I think at some point every trader runs out of money. Every trader has to taste failure. It can be small or large. But it's fun for everyone. It is this failure that teaches the secrets of forex trading. As such, failure is a pillar of success. It is...

In order for a company to attain its financial and other goals, it must follow a set of steps known as operations management. Directly developing, utilizing, and improving the production system on which the company's key products and services are...

Long Call Condors are neutral market outlook strategies based on the sale of two put/call options with different strike prices. Low volatility and little or no movement in the underlying asset are key factors. A long condor spread is used when the...

I trade both long term and scalping but mostly I like long term trading. Scalping trading is good but it risks too much. I mostly use a big lot, but sometimes the market moves against my direction then it brings more losses. On the other hand,...

Candlestick patterns are useful tools in technical trading. Traders can interpret possible market trends and formulate decisions based on their understanding of them. There are several types of candlestick patterns that can indicate bullish or...

In trading, the base price refers to the initial value of a security or asset before any adjustments, premiums, or discounts are applied. It serves as the starting point for determining the current market price and is crucial in various trading...

The White Marubozu is a single candlestick pattern that appears after a downward trend and indicates a bullish reversal.