A sideways trend, also known as a horizontal or range-bound trend, occurs when the price of a currency pair moves within a narrow range, neither making significant upward nor downward progress. In contrast, an uptrend is characterized by a series of...
The forex market is a dynamic and ever-changing landscape, and it can be tempting to constantly chase after the latest trend or strategy. However, it's important to remember the fundamentals and stick to what you've learned.
Traders typically develop scaling strategies using charts with time intervals ranging from one minute to fifteen minutes. Scalpers typically use one-minute and five-minute time frames as their primary units of analysis. The first strategy is better...
Capital is an essential requirement for engaging in trading activities. Trading involves the buying and selling of goods, services, or financial instruments with the aim of generating profits. Capital, in the form of money or assets, serves as the...
Discipline is a crucial element in building self-confidence as a trader. Successful traders understand that the ability to maintain discipline is essential to achieving long-term profitability in the markets. When traders follow a well-defined set of...
The spinning top candlestick chart pattern happens when buyers and sellers balance out, resulting in equal opening and closing price levels. This candlestick is regarded as a continuation pattern because of the very modest shift in market direction.
The Average Range True (ART) indicator is a technical analysis tool used by traders to measure market volatility. It is derived from the True Range (TR), which is the greatest of the following: the difference between the current high and low, the...
The importance of customer service and support from your forex broker cannot be overstated. As a forex trader, you need a broker that you can rely on to provide you with the information and assistance you need to make informed trading decisions. A...
In the world of trading, anticipation can be a tangible force that can drive market movements and shape investment decisions. Traders may anticipate future market conditions based on a variety of factors, including economic data, political...
The American session was marked by significant volatility in global currency markets. The USD weakened against most major currencies, with the euro and the GBP outperforming the US dollar. The GBP reached the highest levels since the Brexit...