Cash exchanging, also known as currency exchange or foreign exchange, refers to the process of converting one currency into another. It is typically conducted by individuals or businesses when they need to make transactions in a foreign country or...
The term 'handle' in forex trading refers to the portion of the quote that appears in both the bid and ask price. If a currency pair can be purchased for 1.6456 and sold for 1.6400, its handle is 1.64.
The most dangerous trading times in the forex market can expose traders to unnecessary risks, often due to heightened volatility or reduced liquidity.
There are two main versions of MetaTrader: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 was released in 2005 and is the more widely used version. MT5 was released in 2010 and is an updated and more advanced version of MT4.
The Adaptive Price Zone (APZ) is a technical indicator used to identify potential overbought and oversold conditions in the market. It was developed by Lee Leibfarth to adapt to changing market volatility, making it more responsive in dynamic trading...
A hook reversal is a technical analysis pattern that signals a potential trend reversal in the market. It occurs in both bullish and bearish scenarios and is typically observed after a strong price movement, whether upward or downward.
An at-the-money (ATM) strike price is a term used in options trading to describe a strike price that is closest to the current price of the underlying asset. In other words, it is the strike price where the market price of the underlying asset is...
Scalping is a trading strategy that involves making multiple trades in quick succession to take advantage of small price movements in the market. To identify profitable opportunities, scalpers often rely on various technical indicators and analysis...
The integration of robotics in the forex (foreign exchange) market has brought numerous advantages, revolutionizing the way trading is conducted. Firstly, robotics enhances efficiency and accuracy in forex trading. With advanced algorithms and...
The Relative Strength Index (RSI) is a widely used technical indicator that can assist traders in identifying overbought or oversold conditions in the market. To trade profitably with the RSI, there are a few key strategies to consider.