The business has changed a lot in the last few decades because of how technology has evolved. Before, people who wanted to make money had to physically buy and sell things in different markets. Thanks to the rise of online trading sites and apps for mobile devices, buying and selling assets is easier and faster […]
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Forex professional traders are mostly in favor of swing trading. Most positions are held for more than one day, making this a primary way to trade foreign currency. Swing trading is becoming increasingly popular among forex users, so knowing how it works is essential. We’ll look at the swing trading method in more depth. What
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“Fiat” means that someone in charge gave permission, a decree, or an order. The government of a country or territory issues a fiat currency. It can come in banknotes, coins, or digital money, backed by the country’s government that issued it. The value and success of a currency depending on how much people trust it,
Pros and Cons of Fiat Currency: How it Works? Read More »
Many of you don’t know, but trading is all about the game of probability. A successful trader knows that executing any trade will bring a loss or a huge profit. To assess the overall statistical advantage of any trading strategy, executing a huge number of trades is important. Therefore, a trader needs a lot of
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Choosing the best currency to trade in can be challenging, especially if you are a starter. Some traders with little experience pick the first pair that comes to mind without doing any research, only to find out the hard way that there are better ways to trade. A currency pair is a quote that includes
List of Best Currency Pairs to Trade as a Beginner in Forex Read More »
A “pip” in trading means a minimal price change. This is a short form of “percentage in points.” In foreign exchange (FX) trading, a point is the slightest change in the price of a coin that can happen. Thus, trading foreign exchange is a standard way to measure money. Forex traders use the term “pips”
How to Calculate Pips in Forex? Read More »
There are two parts to any forex rate: the base currency and the quote currency. The first currency in a quote is called the “basic currency,” and the second is called the “quote currency.” In the price of EUR/USD 1.2000, the base currency is Euro, and the US dollar is the reference currency. Bid and
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Choosing the right chart is an excellent place to start if you want to become a technical trader. Active traders can use a wide range of charts, from simple line charts to complicated point-and-figure charts. So many options can paralyze market technicians who have yet to do it. You can learn more about the market
OHLC vs. Candlestick Charts: Which One is Better? Read More »
In foreign exchange, the spread is the gap between a currency pair’s bid price (to sell) and the asking price (to buy). There are two prices for each pair: the bid and the ask. At the asking price, you can buy the base currency. At the bid price, you can sell it. How to calculate
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Ichimoku Cloud, also known as Ichimoku Kink Hy, is a technical investment indicator. Kijun, Tenkan, Senkou, Kumo, and Chikou are Japanese words that may have little meaning to a non-native speaker. In reality, though, they’re discussing one of the most common trading methods—the Ichimoku technique. When trading with Ichimoku, Ichimoku Cloud is your friend Traders
What is the Best Ichimoku Cloud Trading Strategy for Forex Market? Read More »
