Teamwork is crucial in the realm of Forex trading, where multiple individuals collaborate to achieve common goals. In the fast-paced and dynamic world of currency trading, teamwork plays a pivotal role in ensuring success. Traders working together...
Learning chart patterns helps a newbie move from guessing to structured decision-making, which is essential for long-term success in forex. Patterns teach how price behaves around support, resistance, trends, and breakouts. Over time, this builds an...
The Turkish lira has fallen in value against the dollar and other currencies as the government's monetary policy have kept interest rates low rather than raising them to combat inflationary pressures.The Turkish lira hit a new low against the US...
Trading can be risky and complicated. Interest rates, trade flows, tourism, economic strength, and geopolitical risk all influence currency supply and demand, resulting in daily volatility in the forex markets. To overcome risk, a beginner must...
The 90% rule in forex is an informal saying that highlights how difficult trading can be for most participants. It suggests that around 90% of retail traders lose about 90% of their capital within 90 days. While the exact numbers are not...
A time-based stop is more effective than a price-based stop when the quality of a trade depends more on timing than on price levels. This is common in strategies built around momentum, news reactions, or session-specific moves. If the price does not...
Online investing is the process of buying, selling, and managing financial assets through internet-based platforms. Instead of working through a traditional broker in person, investors use websites or mobile apps to access markets directly. These...
Pennants are a type of technical trading pattern that predicts the continuation of a strong upward market movement. An upward trend begins, then a market pauses and consolidates between converging support and resistance lines.
The Bullish Belt Hold pattern is a bullish reversal candlestick that differs from other bullish patterns in several ways. It is a single candlestick pattern that forms during a downtrend and signals a potential shift to an upward movement. The...