A low of 0.6702 or 141 pips was achieved in November in NZD/USD after breaking below its 5-year average at 0.6843. The high was 0.6840, up 138 pips. Currently, NZD/USD is at 0.6809, starting in November. Higher NZD/USD needs to breakthrough 0.6841, 0.6856, and 0.68888. Below is a targeted price of 0.6503 and the same […]
Currency market forecast report: EUR/USD, NZD/USD, AUD/USD, XEU and ECU Read More »
For the year, the USDCHF range is relatively narrow. Flows out of the safety of the CHF and a rise in the USD have both resulted in a recovery in the USDCHF in 2021. Technically, the longer-term weekly chart suggests a more bearish bias for the year as a whole, despite gains in recent months.
USDCHF is High this Year with Sudden up & down Chop Read More »
The Turkish lira has fallen by almost 8%, and speculators are waiting for the Central Bank to run out of dollars. Lira rose sharply in the past week due to interventions. Traders estimate that government intervention last week cost the central bank more than $ 8 billion On Monday, the lira fell nearly 8% against
Sooner or later, the Bank of Turkey will run out of dollars Read More »
A steady and thoughtful process is the only way to achieve a large trading account, but very few start with big performances. If you have an account valued at $25,000 or less, you have to approach trading differently from those with larger budgets. The following rules will make trading in a small account less stressful,
Strategy to Manage a Small Account Read More »
According to the IMF, many institutions trading these assets lacked sound operating, governance, and risk management practices. The International Monetary Fund is concerned about cryptocurrencies because the market is growing fast, and the regulation is not keeping up. Data compiled by the IMF shows that the total market value of crypto assets surpassed $2 trillion
Why is IMF Concerned About Cryptocurrencies? Read More »
Risk management can be achieved with several key tools, but traders should be aware of the key elements of calculating the amount they risk on individual trades. Moreover, it is essential to understand the difference between margin and trade risk. Calculation of risk per trade Here is an example of how to calculate trade risk:
How to Calculate Risk Per Trade? Read More »
Almost as old as trading itself is the debate about whether price action trading is better than indicator trading. This article will give traders a fresh perspective on this age-old debate by debunking the five most common opinions about Price Action vs. Trading Indicators. Price action is better than indicators Many traders claim that price
Price Action vs Technical Indicators: What’s the Best? Read More »
Forex is the world’s largest financial market, and traders of all skill levels are attracted to the market due to the potential for high profits. However, some traders might be beginners just getting started in the market. Furthermore, many long-time forex traders are attracted to the market because they have decades of hands-on experience. It
How to Overcome Under Trading in Forex? Read More »
Leverage refers to the proportion of your deposit to the loan amount. For example, with a deposit of $100, those who wish to make a deal with a lot of 10,000 can do so. This time, the leverage is 100 to 1. A lot of 5,000 will have a leverage of 1 to 50, etc.
Why is Leverage a Dual Sword In Forex Trading? Read More »
When we first applied the Ichimoku Cloud indicator to our technical charts, it didn’t look easy due to its many components. However, once you grasp its features and how to use it, the Ichimoku cloud can be beneficial in identifying trends, resistances, and supports. Technical indicators like the Ichimoku Cloud provide information about the strength
How to trade Ichimoku cloud bounce? Read More »
