If you still do not know what Japanese candlesticks are, then keep reading and learn what you have missed in your trading so far. Japanese Candlesticks are a type of charting method that is widely used around the world by traders of financial markets. First, let’s take a little historical background. Who invented the candles? […]
What are Candlesticks in Forex Read More »
Price Action is one of the most effective trading strategies in the Forex market. Its uniqueness and profitability are confirmed by all traders who have chosen it and this is not casual because this strategy analyzes the price and patterns that it has formulated itself. This analysis allows not only to assess the behavior of
Price Action: Catching the Hook Reversal Read More »
If you are trading with the Price Action strategy, you are a few steps closer to real success. When trading this strategy, we would like to highlight the TBL (Two Bar low) and TBH (Two Bar High) patterns. Visually, they look like tweezers but they are not. Such patterns allow you to trade on any
How TBH and TBL patterns work in forex? Read More »
The proverb “you won’t have time to blink an eye” is perfect for Forex trading. The daily turnover is over $ 6 trillion, and automatic, and “algorithmic” strategies are increasingly used, private traders can find it challenging to keep up. So, here comes the VPS (Virtual Private Server) rescue. Let’s talk about VPS in more
4 reasons to have VPS for trading Read More »
From a practical point of view, it is not difficult to make a transaction in the foreign exchange market. But you want to profit, not just a process. What should a trader do to get income from his activities? Let’s take a step-by-step look at the entire cycle of making a deal by a trader,
Trading Plan: Does it really matter? Read More »
When a smart and a stupid person go to war, the stupid one, recklessly rushes into battle without thinking through the details of the forthcoming plan of action. He is like a hungry person who greedily pounces on his favorite dish in a buffet. On the other hand, an intelligent person will first try to
The importance of Forex Market Research Read More »
If you’ve traded stocks, you might be familiar with all of the indices, like the NASDAQ Composite Index, Dow Jones Industrial Average (DJIA), Russell 2000, S&P 500, Wilshire 5000, and Nimbus 2001. Well, if American stocks are indexed, the US Dollar is impossible to beat. For currency traders, we have the US Dollar Index (USDX).
What is Dollar Index? Read More »
Which of the forex market analysis methods to choose from? In this article, we are going to answer one of the most challenging questions! As you learn to trade and communicate with brokers in the forex environment, you will find ardent supporters of one of the three forex analysis methods. But don’t be tempted to
Forex Analysis Methods, What to Choose? Read More »
On Thursday, the U.S. Dollar rose to its highest level in more than two months against the Euro and the Yen. Pessimism on the U.S. economic outlook weakened ahead of the release of important labor market data. The GBP fell against the U.S. Dollar but traded around an eight-month high against the Euro ahead of
Dollar rises amid economic optimism Read More »
The economic downturn in the eurozone intensified in January as renewed restrictions aimed at curbing the coronavirus’s spread hit the bloc’s dominant services sector hard. Coronavirus cases are on the rise again, and governments across the continent have resumed harsh isolation measures, stifling public life and forcing hospitality and entertainment establishments to close their doors.
The Eurozone downturn intensifies! Read More »
