In the Forex market, some form of automation is necessary. Markets run 24/7, which explains why. Therefore, the value of investor holdings and their net worth change continuously. It is, therefore, possible for an open position’s monetary value to change if not managed properly drastically. Additionally, you cannot actively manage the positions manually 24×7 unless […]
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When you know what you are looking for, you can use harmonic patterns to spot new trading opportunities and pricing trends. Check out this article to learn about the top harmonic patterns and how to apply them effectively. What are harmonic patterns? The harmonic pattern is a chart pattern that is part of a trading
Top 3 Harmonic Patterns Every Trader Should Know Read More »
If you think from the title that most exotic forex pairs mean the most lucrative, you are partially right since they are also the riskiest. There is always a risk in forex trading. But how much the trader is willing to take depends on their mindset. As you read this article, you will better understand
The Most Liquid Exotic Pairs in the Forex Market Read More »
The art of the Fibonacci Forex trading strategy refers to ‘Mastering the time and price advantage’. To begin with, it is always a good idea to know some background information regarding where this increasingly popular trading method originates. First introduced to the West by Leonardo Pisano Bogollo in the 13th century, the Fibonacci sequence begins
How to Use Fibonacci Retracements in Trading? Read More »
When big jumps in asset prices occur in volatile markets, traders can take advantage of them if they can turn them into opportunities. On a chart, gaps occur when prices of stocks (or other financial instruments) move sharply up and down with little trading in between. A gap in the asset’s chart results from this
Gap Basics – How to Trade? Read More »
After learning a successful trading strategy, a new trader can find it difficult to decide when to move on to live to trade. Demo accounts are too often used to compare themselves to others, leading traders to spend too much or too little time on these accounts. Before you start trading live funds, you should
When to Move from Demo to Live Forex Trading Account? Read More »
A price action trader makes trading decisions based on price movements rather than technical indicators. Traders have access to a wide range of tools. This article offers a detailed description of this type of trade and some great beginner trading tools. What is price action trading? Some traders make decisions based on the price movements
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A wedge pattern can indicate either a bullish or a bearish price reversal. In any case, a pattern like this has three characteristics in common: first, converging trend lines; second, declining volume during the pattern; third, a breakout from a trend line. The wedge pattern comes in two forms: a rising wedge (which indicates a
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The United States Bureau of Labor Statistics (BLS) releases the Non-Farm Payroll (NFP) data for the previous month on the first Friday of every month. Traders can determine their trading strategy according to their NFP strategy, making this day an important day in the financial markets. Non-farm payroll report data can be very challenging to
NFP Trading Strategy Read More »
After learning a successful trading strategy, a new trader can find it difficult to decide when to move on to live to trade. Demo accounts are too often used to compare themselves to others, leading traders to spend too much or too little time on these accounts. Before you start trading live funds, you should
When to Move from Demo to Live FX Trading Account? Read More »
