Day trading aims to make several small profits in a short period (minutes to hours) in the hopes of realising larger gains over the long term. A day trader makes multiple stock purchases and sales on the same day. Here are some reasons why day trading is a bad idea. Day trading is a high-stakes […]
3 Major Reasons Why Day Trading is a Bad Idea Read More »
Support and Resistance is a trading term in a price zone where prices slow down and turn around before the trend reoccurs. If the direction of the forex market changes, this kind of thing often happens again. In some places, prices go up and down, bringing them to their highest point before adjusting. And this
What to know about Support and Resistance levels in Forex? Read More »
The behaviour of investors can be affected by events that occur outside of the regular trading hours of the financial markets. Natural disasters and international incidents are not picky about when they strike. Major firm earnings reports released either after or before the market opens can drastically alter the market’s course. Quarterly reports are made
Predicting the Likely Direction of the Market Open Read More »
Stock falls 5.7% on profit-taking and valuation concerns. Nvidia shares suffered their biggest daily drop since January on Wednesday, as investors took profits after the chipmaker’s market capitalization briefly hit the $1 trillion mark earlier this week. The stock fell 5.7% to close at $389.46, wiping out about $58 billion of its value. The decline
Nvidia Shares Tumble After Hitting $1 Trillion Market Cap Read More »
London’s main stock index opened lower on Wednesday as investors awaited the outcome of a crucial vote in the US Congress on a deal to increase the debt ceiling and avoid a default. The FTSE 100 index fell 0.5%, or 35.65 points, to 7,486.42 in early trading. The FTSE 250 index also dropped 0.4%, or
London stocks open lower as US debt deal faces opposition Read More »
When you need to sell foreign currency, you hear a lot about Forex deposits. The term “retracement” is frequently used when discussing Fibonacci retracement forex. However, this is only sometimes the case. What is the definition of “forex retracement”? Any temporary reversal of an on-going price trend is known as a pullback. The phrase “inside”
How you can calculate the Fibonacci Retracement Level? Read More »
Oil prices have been on a roller coaster ride since the COVID-19 pandemic hit the world in early 2020. After plunging to historic lows in April 2020, they have bounced back to some extent but still remain below their pre-pandemic levels. What are the factors that shape the oil market and what can we expect
Oil Prices: Where Are They Heading? Read More »
The debt ceiling is a limit imposed by the law on the federal government’s borrowing to pay its bills. It was raised to $31.4 trillion on December 16, 2021, but the Treasury Department has been using “extraordinary measures” to keep borrowing since then. What are the consequences of not raising the debt ceiling? According to
US Debt Ceiling: Biden and Mccarthy Near Deal as Default Looms Read More »
How successful a day trader is depends on numerous factors, including the trading tactics employed, the trader’s attitude towards risk, and the trader’s starting capital. As of March 2023, a day trader’s annual salary typically ranged from $34,000 to $96,500. Day traders have a high failure rate because they trade speculatively and aggressively without diversifying
How Many Trades Can a Day Trader Make in a Day? Read More »
Contrary to popular belief, investing and market timing can work together to yield positive returns over the long term. To achieve this, you must abandon the “buy and hold” approach that characterises much modern investing. Incorporate technical ideas that aid in determining when to enter a trade, how to manage your position best, and when
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