Indicators are powerful tools used by traders to analyze market trends and make informed decisions about when to buy or sell securities. While indicators can be highly effective, it's important to understand that they are not infallible and can...
The simple answer is that fractal trading works, but only when used in conjunction with a trading strategy. A trader will benefit more from combining fractals with a trend-following or breakout trading strategy. Combining fractals with technical...
A market order is the most common type of order on the Forex market. A market order is a purchase order at the current market price. Hence, if you've ever purchased something online, the "Buy Now" button works the same way as a market order in the...
If the price makes multiple swings to new highs, the price waves become smaller, resulting in a rising wedge. In essence, the price action is uptrending, but contracting price action indicates that the upward momentum is slowing.
Maintaining patience in the Forex market presents traders with significant psychological challenges that can impact their decision-making and trading outcomes. These challenges arise from the fast-paced, volatile, and unpredictable nature of the...
The choice of time frame in forex trading is a critical factor that influences trading strategy, risk management, and profitability. Time frames determine the duration over which price movements are analyzed, ranging from minutes to months. Traders...
Holding an overnight position in forex can offer several advantages to traders. One significant advantage is the potential to earn rollover interest, also known as swap, which is the difference in interest rates between the two currencies being...
In trading, a histogram is a visual tool often used to analyze market data and indicators. It represents the frequency or intensity of specific values over a range, helping traders identify trends, momentum, and potential reversals. A common example...
The spread in forex trading is of paramount importance and serves as a fundamental concept that traders need to understand. In essence, the spread represents the difference between the bid price (the price at which you can sell a currency pair) and...