A foreign exchange spot contract is one in which the trader commits to purchase or sell the currency at the current market price. A spot currency transaction might be going to a local bank and exchanging some British pounds for US dollars before...

At night, the foreign currency market is rather calm. The great majority of trading instruments are now experiencing "flat" market conditions. The price of assets moves laterally, with levels of support and resistance on both sides. Because the price...

A hammer pattern can be inverted to create a shooting star pattern, which indicates a potential market reversal to the downside. Market reversals to the downside are indicated by the shooting star pattern. The long tail appears on the top side of the...

For every successful FX day trader, risk management is one of, if not the most, critical components of long-term profitability. To begin, keep the risk in each trade to a bare minimum, generally 1% or less. If you have a $3,000 account, you should...

The ideal alternative for me is to locate a trustworthy financial broker and entrust him with all of these activities. Everyone must mind his or her own business and do what they do best. If you start this practice on your own, there's a good...

Order block refers to the market activity of collecting orders from financial institutions and banks. Major financial firms and central banks control the foreign exchange market. As a result, traders must be cognizant of their market activities. When...

Price action is a technical analysis discipline that works with price charts exclusively, without regard for volume, and is based on the assumption that market movements are largely controlled by supply and demand. As a result, past pricing are...

Currency traders must exercise caution since leverage ratios ranging from 1000 to 1.8 are common in FX operations. While this ratio has a high profit potential, it also carries the risk of an investor losing their whole investment in a single...

The hammer is a single candlestick chart pattern that gives a bullish reversal indication. It receives its name from its resemblance to a hammer. The candle's small body sits atop a long wick (shadow). Many traders believe that in order for the...

The key benefit of the forex m pattern is that it indicates a market reversal. When prices are consolidating in this instance, traders can spot reversal plays. Another benefit is the obvious distinction between benefits and dangers. Because this is...