Volatility can have a significant impact on stop-loss orders, as it can cause prices to move rapidly and unpredictably. This can cause stop loss orders to be triggered prematurely or not at all, resulting in either unnecessary losses or missed...
The spread refers to the difference between the bid and ask price of a financial instrument, such as a currency, stock or commodity. In trading, the spread impacts a trader's potential profits or losses by affecting the cost of entering and exiting a...
The base price holds a pivotal role in trading as it serves as a fundamental reference point that aids in maintaining fairness and transparency within the market. It acts as a starting point around which the price of a financial instrument, such as...
Forex market depth refers to the level of liquidity and the volume of buy and sell orders at different price levels in the currency market. It provides traders with insight into the supply and demand dynamics, showing how many orders are placed above...
The RSI is not an excellent tool for confirming or making trades. For forex traders, RSI is most useful as a preliminary indicator that highlights potential trading opportunities and encourages further investigation and examination. As a result,...
The Keltner Channel is a technical analysis tool used to identify potential price trends and volatility in financial markets. Developed by Chester Keltner in the 1960s and later refined by Linda Bradford Raschke, it consists of three lines: a central...
An interest-bearing account is a savings account. To open a savings account, you must meet certain requirements. Depositing funds for a certain period of time is required, such as 6 months, 1 year, 2 years, etc. A withdrawal prior to six months may...
Very few people are available to trade forex full time. For example, those who trade at night might be limited to the types of currencies they trade based on volumes during the 24-hours cycle. These night traders should employ a strategy of trading...
A professional trader is disciplined, analytical, and knowledgeable about the markets. They have a clear understanding of their trading strategy and stick to it, even in volatile market conditions. They are able to manage their emotions and make...