Forex trading requires proficiency in exchanging skills and techniques, just like any other job. Gaining the essential trading knowledge and practice to shape your trading career by learning from successful and experienced Forex dealers is probably...
Stop loss (SL) and take profit (TP) are essential risk management tools in forex trading. They help traders protect their capital and maximise profits, ensuring disciplined and strategic trading.
In forex, pips, lots, and leverage are interconnected and crucial for understanding risk and profit potential.
A Dragonfly Doji is a significant candlestick pattern commonly used in technical analysis to interpret market trends and potential reversals. This candlestick pattern is formed when the opening, high, and closing prices of an asset are identical or...
The amount of time required for trading can vary depending on the individual trader's goals, strategies, and available resources. Some traders may choose to devote several hours per day to analyzing markets, researching potential trades, and...
Sentiment analysis, also known as opinion mining, is a natural language processing (NLP) technique used to determine and classify the emotional tone, attitude, or sentiment expressed in textual data. There are several different types of sentiment...
Calculating your position size in trading is a crucial step in risk management. It helps you determine the amount of capital to allocate to a particular trade while minimizing potential losses. Position sizing is influenced by several factors, and...
If you trade forex, you should be aware of the Fiber. The EUR/USD is by far the most traded currency pair in the world. The nickname "Fiber" has two meanings: on one hand, it is a play on the fact that the GBP/USD is known as Cable, whereas the Euro...
A chartist is a trader or investor who uses charts and technical analysis to inform their trades. Chartists believe that historical price and volume data can be used to identify patterns and trends that can be used to make trading decisions. They...
Yes, there are alternative theories and perspectives on resistance in trading that differ from traditional technical analysis. While technical analysis relies on price patterns, indicators, and historical data to identify resistance levels, other...