Having a hard currency as the national currency of a country comes with both advantages and disadvantages, which can significantly impact its economy and financial stability. A hard currency refers to a currency that is widely recognized and accepted...

MetaTrader5 (MT5) is a popular trading platform used by traders worldwide. It has a range of features that make it a powerful and versatile tool for trading in the financial markets.

A Tweezer Bottom and Tweezer Top are both reversal candlestick patterns, but they appear in different market conditions and signal opposite trends.

Skills play a crucial role in trading, as they are essential for making informed decisions and minimizing risk. Having a strong understanding of technical analysis, for example, can help traders identify patterns in market data and make predictions...

Low spreads are advantageous for scalping strategies in the forex market. Scalping involves opening and closing multiple trades within a short period, aiming to profit from small price movements. Low spreads mean the difference between the buy and...

A copy-account (copy-account) is an account that is registered by a trader in the copy system (copy service). In the future, it turns out to be public in monitoring. Those users who do not want to trade on their own choose one or several accounts for...

In forex, the hourly timeframe is a commonly used chart interval that provides traders with a detailed view of price movements and market dynamics. This timeframe is a crucial element of technical analysis and plays a significant role in helping...

Stop loss is a risk management tool used in trading to limit potential losses. It is a predetermined level at which a trade will be automatically closed out to prevent further loss. Always using a stop loss is a best practice in trading as it helps...

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,...