These sentiment indicators in Forex are either numerical or graphical representations of traders' good or bad perceptions of market conditions. An example might be the percentage of trades in a currency pair that have taken a specific position. MT4...
Diamond chart formations resemble a head and shoulders pattern with a V-shaped neckline, but they are rare. Diamond chart reversals are rare at market bottoms; they are more common at market peaks and with high volume. It is important to resist the...
Each move that reaches a pivot point appears in the 123 chart pattern. This chart pattern generally consists of three waves. The pattern's name is derived from its one, two, and three pivot points. This chart pattern does not appear to be...
Python is not just powerful for writing algorithms, but it is also easy to use, making it an excellent choice for traders. Python supports functional programming, which makes writing algorithmic trading structures easier. The pyodbc module, for...
A micro lot is one-tenth the size of a regular lot, which is 100,000 units (or 10,000 units) in size. One pip of a currency pair based on U.S. dollars is equivalent to $1.00 when trading a micro lot, but one pip is equal to $10.00 when trading a...
With CMC Markets, a publicly traded company that has been trading CFDs and forex for decades (LSE: CMCX), your money is safe. CMC Markets is required by the FCA to keep customer funds separate from its own (unless you agree otherwise). CMC will be...
Tom Demark, a well-known technical analyst and trader, pioneered the use of pivot points. Demark Pivots are not the same as the other sorts of Pivot Points that have been mentioned so far.
Often, a buy-stop order is used to protect against uncovered short-stage losses. Short positions are opened by investors who expect that the price of the securities will fall. Investors might purchase lower-cost stocks and profit from the price...
In countertrend trading, the trader attempts to profit from price movements that are contrary to the current trend. Often, countertrend traders fade the trend in the hope of catching a short-term price pullback or a trend reversal.