The Dark Cloud Cover is a bearish candlestick pattern that signals a potential reversal in an uptrend. It consists of two candlesticks and is a key indicator in technical analysis. Here are its main components:
Saxo Bank was established in 1992 in Denmark as an investment bank. Online trading and investment services are offered by the bank. Several financial authorities oversee the company, including the Financial Services Agency (FSA) of Denmark and the...
The major forex currency pairs are the most heavily traded currency pairs in the foreign exchange market. They include the US dollar (USD) paired with the euro (EUR), Japanese yen (JPY), British pound (GBP), Swiss franc (CHF), Canadian dollar (CAD),...
The forex market is open 24 hours a day, 5 days a week, providing ample opportunities for traders to buy and sell currencies. However, not all trading hours are created equal. The best times to trade forex are when there is a high volume of trading...
Market news and data releases are critical for scalping decisions in forex trading. Scalping is a strategy focused on making quick trades to capture small price movements, often within minutes or even seconds. Because of its short-term nature, any...
Your broker generates revenue through the collection of commission fees from you as well as from the spreads that are applied to the trades that you execute.
Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. Mutual funds offer several benefits to investors, but they also come with risks.
The Ascending Wedge Pattern is a bearish reversal pattern that typically occurs during uptrends, signaling a potential trend reversal or decline in price. It is formed by two upward-sloping trendlines: one connecting a series of higher highs and...
Capital refers to the financial resources or assets that a business or individual has available for investing or expanding. It can include money, property, and other assets. In order to engage in trading, or the buying and selling of goods and...
The ABC pattern is a popular chart pattern used in technical analysis to identify potential price reversals or continuations in the market. It consists of three distinct price movements labeled A, B, and C.