To “scalp” the foreign exchange market means to trade currencies quickly by making a series of quick decisions. Scalping means buying and selling for a short time and then quickly closing for a small profit. This is a common way to trade currencies. It’s a method based on a collection of signals from technical analysis […]
When is the Best Time to Scalp in Forex? Read More »
The US dollar edged higher on Thursday as easing worries about the banking sector lifted sentiment, and investors turned their attention to the Federal Reserve’s fight against inflation. The dollar index, which measures the exchange rate against six major currencies, rose 0.019% to 102.65 after rising 0.19% yesterday. However, amid market turmoil following problems in
Risk Sentiment Improves as Banking Crisis Subsides Read More »
Alibaba spurs rally in Hong Kong, UBS leads banks. European stocks rose alongside Asian stocks as the Hong Kong market fell sharply on Alibaba Group Holdings Ltd’s proposed reorganization, which bodes well for Chinese tech companies. US stock futures rose as well. The Stoxx Europe 600 rose 0.6%, with technology and consumer stocks gaining the
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When trading, looking at the big picture by analyzing data from multiple time frames can be helpful. Traders can use this method to figure out the overall trend while using a more petite time frame to find good entry points. Thus, traders can use technical analysis across multiple time frames to back up or disprove
How can you Trade Multiple Time Frames Alignment in Forex? Read More »
Traders use a “forex hedging” strategy to reduce their exposure to foreign exchange risk. In this strategy, they open many positions in different currencies. When interest rates and inflation change, traders on the foreign exchange market try to protect their open positions by buying or selling more assets! What does “hedging” in foreign exchange? Using
How to Hedge Currency: Guide to Follow with Examples Read More »
Traders buy when prices go down, pushing gold up. This is because the Initial data showed that fewer Americans are applying for unemployment benefits than experts had thought. This caused a drop. The gold has reached a daily high of $1,982 so far today. For investors, lower interest rates are good news for Gold because
Forecast on Gold Price: Uptrend in Gold as Traders Buy the Dip Read More »
After March 9, when it was found that SVB could be a problem for the banking system as a whole, investors turned to the Japanese yen as a safe currency. Here’s a quick look at how the yen has done against some of the world’s most important currencies and trading partners, like the Australian dollar.
USD/JPY Price Outlook: Scenario Behind Trade Setups in Line of FOMC Read More »
People who are new to trading in foreign currencies usually jump right in. They keep an eye on many different economic schedules and trade quickly whenever new information is available that could help them. These traders like the foreign exchange market because it is open 24 hours a day, five days a week. Using this
Forex Trading Sessions: What is Best Time to Trade Forex? Read More »
Professional traders and brokers in the foreign exchange market use charts, graphs, and analysis tools to illustrate potential outcomes and recurring trends in day trading. Among these instruments, a candlestick chart is relatively standard. Day traders frequently use candlestick patterns because they are both visually appealing and straightforward to interpret. What is the definition of
What is Candlestick and how to Read it in Forex Trading? Read More »
Swing trading is a way to make money with any financial instrument over a few days (more than one day) to a few weeks. Thus, swing traders mostly use four-hour (H4) and daily (D1) charts to make decisions. They may also use both fundamental analysis and technical analysis. Which time frame is best for swing
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