Trading forex can be both lucrative and risky, so it's important to follow certain golden rules to increase your chances of success:

The difference between a resistance level and a price ceiling lies in their underlying concepts and implications in trading.

A Moving Average 55 (MA 55) is a technical analysis tool used primarily in financial markets to smooth out price data and identify trends over a specified period, in this case, 55 periods. The 55 represents the number of time periods (e.g., days,...

Many differences between MetaTrader 4 and cTrader are due to personal choices, and both apps may be used for trading. However, a few major distinctions persist. For example, if you wish to trade symbols other than currency pairs, cTrader is typically...

A cross currency refers to a currency pair that does not include the U.S. dollar (USD). In the forex market, currency pairs involving the USD are called major pairs, such as EUR/USD or USD/JPY. However, when a pair like EUR/GBP (Euro/British Pound)...

Position traders typically focus on markets or assets that exhibit long-term trends, as their strategy involves holding positions for extended periods, ranging from several months to years. The most common markets or assets for position trading...

A white or green brick on a Renko Chart typically represents upward price movement. Unlike traditional candlestick charts, which show price movement over specific time periods, Renko Charts are purely price-based. A new brick is formed only when the...

The Deutscher Aktienindex, or DAX, is one of the most widely known indices in the world. As well as tracking the value of the 30 largest companies listed on the Frankfurt Stock Exchange (FSE), the DAX price is updated in real time. Furthermore, you...

Insurance in forex trading refers to a type of financial protection that safeguards traders against potential losses. It works by allowing traders to pay a premium in exchange for coverage against potential losses in their trades. The insurance...

The Money Flow Index (MFI) is a powerful technical indicator used by traders to assess the strength of money flowing into or out of a security. Calculating the MFI offers several advantages: