Throughout forex, a lot size is 0.01. It is a micro lot size, which indicates that only trade with this lot size will require 10 pips to yield a profit of $1. To generate a profit of $10, you'll need to trade 100 pips. You will risk the same amount...
The United States Dollar (USD) serves as the base currency in many financial markets and international transactions for several compelling reasons:
The "Kill Zone" in Smart Money Concepts (SMC) refers to specific high-probability trading windows when institutional traders (smart money) are most active, leading to strong price movements. This concept, popularized by Inner Circle Trader (ICT),...
Triangle trading, also known as triangular trade, is a trading pattern that involves the exchange of goods between three countries. The benefits of triangle trading include the ability to exploit comparative advantages, increased efficiency in the...
The Bearish Met Hold is a rare candlestick pattern signaling potential trend reversals in a bullish market. It consists of a long bullish candle followed by a smaller bearish candle that gaps up but closes near its low, suggesting weakening upward...
Technology provides several advantages in trading, revolutionizing the financial landscape. Firstly, it has enhanced speed and efficiency. With high-frequency trading algorithms and advanced computer systems, transactions can be executed within...
Long-term trading, also known as position trading, involves holding assets for months or years to capitalize on sustained market trends. To utilize it effectively, follow these key strategies:
The difference between the results of real and demo accounts is that the results of a real account reflect the actual trading conditions and execution of trades, whereas the results of a demo account are simulated and do not reflect real trading...
The Elliott Wave Theory and the Cup and Handle pattern intersect in depicting market psychology and price movements, offering traders complementary perspectives. The Cup and Handle’s rounded bottom (the "cup") often aligns with Elliott’s...