It is expected that the upswing will continue if an ascending triangle develops, which is considered a bullish pattern. Ascending triangles are usually constructed by drawing an ascending trend line in conjunction with the swing lows, also known as...
It can help you diversify your investments, for starters. Equities and bonds are favoured by the majority of investors. Forex trading is a popular way to diversify your wealth. Second, traders will develop trading strategies based on news releases,...
A standard lot in forex trading is equal to 100,000 units of the base currency. The other two widely used lot sizes are micro- and mini-lots.
In addition to its depth and liquidity, the EUR/USD market attracts central banks, investment banks, commercial banks, fund managers, companies, retail traders, and others. There are businesses that hedge their risks, investors who invest, and...
The fact is, not only is candlestick analysis ideal for pinpointing the exact time the successful trader or investor should enter the trade, but it is equally valuable in stop-loss strategies. The proper use of candlestick analysis provides a simple,...
As the candle is lit, the shadows cast by the candlestick demonstrate how the day's highs and lows relate to the start and end of the day. A candlestick's shape is influenced by connections between the day's high, low, and opening/closing prices,...
The costs of trading depend on several factors, including the instrument and market you are trading. Most of the costs you pay are to your brokerage firm. They need to make a living in exchange for the services they provide.
ECN account is your access to trading directly on the interbank market with superfast instantaneous execution. We know how important quick order processing is and offer all our clients direct trading with a perfect speed. Enjoy your ECN...
There are cycles of expansion and contraction in every market. The atmosphere of hope, confidence, and greed permeates a market that is expanding or prospering. Generally, these are the emotions that stimulate strong buying activity. It is quite...
Central banks, which represent their country's government, play a vital role in the foreign exchange market. Central banks have a large impact on the value of currencies when they conduct open market operations and set interest rates.