If someone wanted to change currencies in the past, they had to first convert their currencies into US dollars, and only then could they convert their dollars into the currency they desired.

Without leverage, Forex trading is simply not accessible to most traders. A trader's bottom line is directly affected by changes in the price of an asset when trading forex without leverage. A trader can generate an average monthly return of 10%. It...

The OBV's actual value is unimportant; instead, focus on its direction. The upward trend is likely to continue when both prices and OBV have higher peaks and lower troughs. The downward trend is likely to continue as both prices and OBV make lower...

The value of a nation's currency is fixed against the value of another single currency with Locked-In exchange rates. It is set by the government or the central bank in order to maintain the official currency value within a narrow band and keep...

The MT5 platform has more trading tools and functions than the MT4 platform. An economic calendar, time and sales data, real-time trading strategy testing, a more liberal order filling policy, in-depth market visibility, a larger selection of...

Swing trading is superior to day trading because the setups are stronger, trading costs are lower, trading can be completed in minutes per day, there is less burnout, and it can be extremely profitable.

Maintaining active stop-loss orders is an essential task for scalpers. This is due to the fact that scalping strategies frequently carry higher risks than other types of trading strategies. Traders must use protective stop losses to protect their...

Forex sentiment analysis is the process of identifying traders' net long or net short positions in order to influence your own trading decisions in the currency market. While sentiment analysis can be applied directly to forex, it is also applied to...

The falling wedge pattern is bullish. When combined with the rising wedge formation, these two form a powerful pattern that indicates a change in trend direction. A falling wedge pattern is generally considered a reversal pattern, though there are...

A "piercing pattern" is a two-day candlestick price pattern that indicates a likely short-term change from a downtrend to an uptrend. On the first day, the pattern has a trading range of average or greater size, with the opening around the high and...