Since throwbacks and their opposites, pullbacks, cause panic and early exits, novice traders hate them the most. You can, however, learn to protect your position effectively and even use these patterns to accumulate profit because they tend to occur relatively often, around 20% of the time. Within a continuing uptrend, a pullback occurs when an […]
Throwbacks and Pullbacks in Forex Trading Read More »
It takes a lot of self-discipline to be a trader. Self-discipline will help you be consistent, and being consistent will help you reach success in a reasonable amount of time. But self-discipline is also very hard because you will always find a reason to do something against your trading plan. That voice of justification will
Traders Can Improve Their Self-Discipline for Best Results Read More »
A change in interest rates by any of the world’s most influential central banks can significantly influence the foreign exchange market. Usually, these rate changes follow several economic indicators observed throughout the month. They can have immediate and profound effects on the market. Unexpected interest rate changes can substantially impact traders, so it’s important to
Interest Rates and the Forex Market Read More »
Margin in forex, and its different sub-divisions, can be a bit confusing, even for those with a strong mathematical background. It’s not that you should worry a lot about margin calculations if you aren’t going to use them in your day-to-day forex trading. We’ll learn how to use margins to improve your forex trading results
How Do Margin and Free Margin Work in Forex? Read More »
Financial markets will be wild and eventful over the next few days thanks to key economic data, central bank decisions, and tech company earnings. Immediately before meetings of the Federal Reserve, Bank of England, and European Central Bank, investors digested a barrage of corporate earnings and key reports that raised skepticism. European shares are lower
Will this Packed Week Surprise the Markets? Read More »
Identifying trading opportunities using economic calendars and technical indicators is insufficient to turn a profit as a forex trader consistently. Due to the speculative nature of forex trading, the sentiment of the forex market can substantially impact its valuation. As a result, trader sentiment can become a factor that drives the prices of positions you’ve
How to Understand Currency Pair Sentiment? Read More »
In a bear trap, the market initially signals a downtrend, then switches and rises again. If you’ve ever found yourself in one of these situations, you know what it’s like. An indication of a possible downturn in the market is called a bear trap. Despite its name, the bear trap traps are deceptive. After a
Avoiding the Bear Trap in Forex Read More »
In the session last Friday, US PCE deflators and spending data were near consensuses, as was expected after the Q4 GDP release earlier that week. The final figures from University Michigan consumer confidence showed an upward revision to inflation expectations for the one year (3.9% from 4%) and the five to ten years (2.9% from
Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings Read More »
The US Dollar struggles to stay resilient against its rivals early Thursday as the US Dollar Index remains in negative territory below 102.00 following Wednesday’s slide. Throughout the first half of the day, the market action will likely be driven by risk perception as there will be no high-quality data released on the European economic
Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention Read More »
The following information is important for Wednesday, January 25. Investors are looking for the next significant catalyst as markets remain indecisive mid-week. As a result of Tuesday’s failed recovery attempt, the US Dollar Index is hovering around 102.00, while the 10-year US Treasury bond yield is hovering just below 3.5 percent. As the European morning
Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC Read More »
