A Forex Strength Meter is a technical indicator that uses algorithmic data to help traders gauge the strength of individual currencies. Currency Strength Meter can also be found on the web if you use MT4, MT5, or any other platform that supports custom indicators. This guide explains how the strength meter works, how to download […]
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A momentum trade relies on taking advantage of a market’s current trend, which may increase or decrease in price as it gains velocity. The currency and stock markets, volatile and liquid, are the most common markets in which momentum trading occurs. Momentum traders can also take advantage of price swings in liquid markets, making short
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Technical analysis and fundamental analysis are probably terms you are already familiar with. This matter falls into two major categories and several subcategories. The Forex multiple time frame analysis (MTFA) techniques is a great example of such a subcategory. It can serve as a great supporting tool for traders. Most traders sometimes need to pay
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One of the main trading strategies regarding this is to use a price action retracement entry. If we knew the right time to enter a trade, trading would be much easier and more profitable. This type of technical analysis of market prices relies on mathematical evaluations, removing all the guesswork involved in trading. Price action
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How we live our lives is greatly influenced by the thoughts we have. You will most likely hear from any life coach, mentor, or motivational speaker (the ones with credentials) that they help you manifest your goals and bring about positive and permanent change…no matter what your area of interest is! You can also use
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A few things to consider before beginning day trading in the financial markets are discussed in this article. There are several tips you can follow to master day trading the financial markets, as well as tools and resources you can access to help you: Have realistic expectations Day trading may appear glamorous on social media,
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The GBP/CHF currency pair is one of the most popular forms of forex trading. The act of trading forex involves buying and selling different pairs of currencies with the intent of profiting from incremental (or significant) changes in one currency’s value relative to another. GBP/CHF forex trading aims to buy the Pound and then sell
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Day traders and investors commonly experience slippage when opening trade at one price and then seeing the order executed at a different price. Slippage is a problem that often occurs in the financial markets. We will discuss slippage and how traders can avoid it in this article. What is slippage? In slippage, an order is
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Some traders prefer trading forex pairs in small volumes instead of the so-called “majors.” Find out which currency pairs are at risk of being “thinly traded” in this article. Low liquidity Forex liquidity refers to how much money flows through the market at any time. The liquidity of a trading instrument can be easily sold
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You might think becoming a full-time Forex trader is easy, but it’s far from it. Only the disciplined can make a living in Forex trading, an environment of constant ups and downs. The key is to understand what you’re getting into before you begin. To give you a sense of what Forex trading is all
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