Fractals in forex are a technical analysis tool used to identify potential reversal points in the market. Developed by Bill Williams, fractals are part of his broader trading strategy that incorporates chaos theory. A fractal is essentially a pattern...
The Norwegian Krone (NOK) is the official currency of Norway. It is divided into 100 øre. The central bank of Norway, Norges Bank, is responsible for issuing and regulating the currency. The krone has been the currency of Norway since 1875,...
Quantitative and fundamental analysis in forex differs in approach, methodology, and data utilization.
The Group of Seven (G7) is an international organization consisting of seven of the world's most advanced economies. The G7 member countries include Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Originally...
A traditional broker refers to a type of financial intermediary who acts as an intermediary between buyers and sellers in various markets. These professionals facilitate the buying and selling of assets such as stocks, bonds, commodities, or real...
When utilizing hedges, keep in mind that they are high risk and can wipe out any advantages or gains that may have been gained. Hedging has the following potential drawbacks:
To profit from Forex trading, you must buy low and sell high. One of the best features of the Forex market is that you can quickly purchase and sell assets without having to possess them.
The most volatile trading session in the global financial markets is typically the overlap between the New York and London sessions, which occurs from approximately 8:00 AM to 12:00 PM (UTC) or 1:00 AM to 5:00 AM (EST). This period is often referred...
P&L in forex, which stands for Profit and Loss, is a fundamental concept that reflects the financial outcome of trading activities in the foreign exchange market. It represents the net result of gains and losses generated by trading different...
Digital gold trading refers to the practice of buying, selling, and speculating on the price of gold in electronic or digital form, without the need for physical ownership of the precious metal. It offers investors and traders a convenient and...