You might have heard a lot about support and resistance in trading. In this article, we will focus on several aspects of support and resistance. How do you find support and resistance levels? Let’s learn how to find support and resistance levels. Swing highs and swing lows Find support and resistance with swing points. Swing […]
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Global equity markets were mostly lower on Thursday after the Federal Reserve indicated it could ease economic stimuli earlier than previously thought. London and Frankfurt opened lower while Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. U.S. futures were lower after Fed members estimated on Wednesday that their key rate would rise twice
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Have you ever gone through a rough patch in your forex trading and apparently couldn’t figure out what was going wrong? You’ve probably encountered a few streaks here and there, but you eventually got it back on your feet by making the necessary adjustments. However, if you cannot pinpoint the root of the problem, you
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Every trader should have a trading plan. Some have it, and some might be hearing about it for the first time. Let’s learn some key points with examples that can help you write a trading plan. 1. Force Majeure Certain actions should be prescribed for the trader to take if the Internet, power, or computer
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You can find the proper remedy only if you know the problem accurately. In forex trading, fear is a strong emotion that can badly impact your trading. Here are five tips to overcome your fear in trading. 1. Trading goals Develop clear trading goals and plans. Strict adherence to planning and discipline enables traders to
How to Overcome Fear of Forex Trading? Read More »
Here are a few tips and tricks on how to become successful in forex trading: Trade like a robot Once you have a working strategy, do not fall prey to your emotions. Trade just like a robot and do not change your decisions based on your instinct or greed. Always set parameters for your trading
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With $1000 (depending on a particular trading platform), the start of a trading career in the foreign exchange market is possible. After the acquisition of the preferred lot size, a trader can set short and/or long positions in the hope of generating profit. Then again, putting money for a trade hardly comes with a guarantee
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Forex Market Hours The Forex market starts with the Sydney session at 5:00 PM EST in Sydney, Australia, while some traders in New Zealand will start trading an hour earlier at their 4:00 PM time. Wellington shuts down at midnight, whereas Sydney stops operating at 1:00 AM. Forex trading in Sydney opens at 5:00 PM
How to find and trade the most volatile hours of the market? Read More »
Price action trading is an approach that involves making all your trading decisions based on a simple and easy to understand price chart. This purely means that there should be no lagging indicators used, just a couple of moving averages to indicate dynamic resistance and support areas. Price action is about simplicity. When a trader
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Economic theories can describe the long-term prospects for a change in the exchange rate of currencies. Still, in the short run, if you are interested in the dynamics of a day or a week, then economic indicators have a much greater impact. We often hear that the largest companies in the world are actually countries,
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