My favorite trading techniques revolve around a blend of technical analysis, fundamental analysis, and psychological strategies. Firstly, I often use **trend following**. By identifying and riding established trends, whether upward or downward, I can...
Traders will commonly observe the teacup forex pattern or cup and handle pattern in small time frames and large time frames. When a downward price wave occurs and is followed by a stabilizing period, the teacup pattern will emerge. The prices will...
Almost every forex broker has a mobile trading app. This is useful if you intend to trade with a handheld device. Most traders will check trades while away from their desks, so you should consider downloading the broker's mobile trading app. When...
A method of adjusting exchange rates in which a currency is allowed to fluctuate within a range of rates rather than floating freely. Because of economic factors such as inflation, the currency's par value may need to be adjusted from time to time....
Tweezer Top and Tweezer Bottom candlestick patterns are key reversal signals used in technical analysis to predict potential market turning points.
Stop loss orders are an essential tool for traders to manage their risk and protect their capital. There are different types of stop loss orders that traders can use depending on their trading strategies and risk tolerance.
Algorithmic and quantitative trading strategies involve using mathematical models and algorithms to make trades based on historical data and market trends. These strategies use a variety of techniques such as statistical arbitrage, machine learning,...
In financial markets, the term "spread" refers to the difference between the buy and sell prices of a financial asset, such as a currency pair or stock. A low spread means that the difference between the buy and sell prices is relatively small, which...
Doji candlestick patterns are significant indicators in forex trading, signaling market indecision. There are several types of Doji patterns, each with unique characteristics and implications:
Making an online trade involves a series of steps that allow you to buy or sell financial instruments like stocks, bonds, commodities, or cryptocurrencies through the internet. Here's a brief guide on how to make an online trade: