The US dollar index is a calculation that gives the weighted average of a basket of foreign currencies against the dollar. It is similar to the way stock indices work because it provides a general indication of the value of a basket of securities....
In forex trading there are various types of trading and among them scalping is the most favorite trading startegy to the traders expecially for new traders. We can see growing interest in automated trading because of a number of facilities. EA can be...
The forex is an international online business and we can make good money through it. But we must learn a lot about it to become a successful and skilled traders. So as a new trader in this forex so we always have to learn something new and should...
Market liquidity plays a crucial role in a speculator's ability to enter and exit positions effectively. Liquidity refers to the ease with which an asset can be bought or sold in the market without significantly impacting its price. For speculators,...
Every successful forex trader has a set of things that they constantly strive to do in order to become successful and then remain successful in forex for a long time.
Most traders make the error of overtrading. They desire to trade as much as possible, believing that doing so will allow them to multiply their account quickly. However, this is a grave error. it is better to wait anaylse the trend very carefully and...
Forex is a broad market, and many variables can influence the currency pairings that exist inside it. Here are a few examples:
Drawing a vertical line on a forex chart helps mark specific time points, such as major news events, trade entries, or session openings. Most trading platforms, like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), offer an easy way to add vertical...
A blocked currency is one in which foreign currency is not allowed to be used in bank accounts by the government. It can be used for internal transactions, but it cannot be traded on the Forex market.
The Wyckoff strategy, also known as the Wyckoff method, isn't actually a "Waycof" strategy. It's named after Richard D. Wyckoff, a pioneer in technical analysis and market behavior.