The Money Flow Index (MFI) is a momentum indicator that incorporates both price and volume to measure buying and selling pressure. It's similar to the Relative Strength Index (RSI), which only considers price. The MFI ranges from 0 to 100 and helps...

A trend channel, also known as a price channel, is a set of parallel trend lines defined by an asset's price action's highs and lows. These price channels typically run parallel to each other and are extremely useful to Forex traders because they...

A Gravestone Doji candlestick forms when a financial asset opens, trades significantly higher during the trading session, but then closes at or near the same level as the opening price. This results in a candle with a long upper wick (or shadow), a...

A pennant pattern is a technical analysis chart formation used by traders to predict the continuation of a strong price movement. It typically occurs after a significant price surge (uptrend or downtrend) and resembles a small triangle (or flag) on...

Defensive stocks are those that are less sensitive to economic cycles and tend to perform well in market downturns. They are often characterized by stable earnings and consistent dividends, making them attractive to investors seeking a reliable...

Diamond chart patterns are powerful technical analysis tools that can provide valuable insights for traders. Here's how to use diamond chart patterns in trading:

Learning how to trade price action involves several key steps:

Cash exchanging, also known as currency exchange or foreign exchange, refers to the process of converting one currency into another. It is typically conducted by individuals or businesses when they need to make transactions in a foreign country or...

The term 'handle' in forex trading refers to the portion of the quote that appears in both the bid and ask price. If a currency pair can be purchased for 1.6456 and sold for 1.6400, its handle is 1.64.

The most dangerous trading times in the forex market can expose traders to unnecessary risks, often due to heightened volatility or reduced liquidity.