Is your trading account suffering? Feeling overwhelmed, frustrated, and ready to give up on trading? Well, today's lesson, if properly understood and applied, can quite possibly provide you with the knowledge you need to literally save your trading...
The morning star is a three-candlestick bullish pattern that signals a bullish turnaround. As it forms toward the end of a downtrend, it signals that the downtrend is about to revert to an uptrend.
A currency's value can be determined in one of two ways: by a floating rate or by a fixed rate. Floating rates are determined by the open market, which is dictated by supply and demand on international currency exchange markets. The value of a...
Inadequate risk management is a major reason why Forex traders lose money so easily. Trading platforms are equipped with automated systems for take-profit and stop-loss. Mastering them will increase a merchant's chances of profitability. Not only...
The opening, closing, high, and low of every daily bullish candlestick represent one day's worth of price information. Nevertheless, the color of the candlestick body indicates whether the beginning or closing price is higher. The formula remains the...
The trending market is the second major market regime. Markets either trend upward (think bonds since the 1980s, which may have been the longest bull market in history) or downward (think stocks since the 1990s, which may have been the longest bear...
It is well known that fundamental analysis is improtant for a trader. However it is also crucial that as a trader you understand that it is a very broad area. You thus need to do your homework well so as to establish key news or releases, as well as...
You can calculate the pip value by multiplying one pip (0.0001) by the lot/contract size. There will be 100,000 units of the basic currency for normal lots and 10,000 units for micro-lots. In the EUR/USD currency pair, a one-pip fluctuation in a...
Multiple Forex charts provide real-time currency prices, which are updated every second without requiring the user to refresh the page. The real-time charts enable forex traders to analyze their chosen currency pair or instrument, change the time...