Many of you don’t know, but trading is all about the game of probability. A successful trader knows that any trade they are executing will bring a loss or a huge profit. To assess the overall statistical advantage of any trading strategy, it is important to execute a huge number of trades. Therefore, a trader […]
What is the role of probability in forex trading? Read More »
One major element which leads to successful trading is the selection of the right currency pair. Selection of the one having huge potential for profitability plays a major role. Choosing the wrong currency pair will lead to money losses. This has been among a few of the forex market’s similarities with the stock exchange. Apart
How to Pick the Best Forex Pair to Trade? Read More »
The end of the month in the currency area is expected. Including yesterday’s US weekend, aggregate flows were low during the Asian and London hours but saw a buying trend for the euro following inflation data from Spain and Germany. Talks in the trading community mainly focused on last week’s issues, namely the tightening of
ECB to Begin Aggressive Tightening, Favoring Euro Bulls Read More »
Despite a calmer risk environment and heightened expectations for a pause in the Fed’s tightening cycle, the US dollar plunged on Monday morning on European deals, nearing its first monthly loss in five months. Earlier today, the dollar index, which measures the dollar against six other currencies, traded 0.2% lower at 101.51, continuing to retreat
US Dollar Posing a Threat to Further Losses Read More »
Defining the term intraday trading is the concept of selling and buying stocks on the same day, just before the market’s closure. If you somehow fail to do so, the broker will ultimately square off your entire position or might even convert it into a delivery trade. This type of trading is beneficial for both
Intraday trading: Benefits and Drawbacks Read More »
If you want to be a highly successful trader in a competitive trading market, designing an effective trading plan should be your priority. Defining the term trading plan is a precise set of rules for letting you know about exiting and entering trades. It highlights the assets you can trade and risk management rules for
Why is a Trading Plan Important? Read More »
Bitcoin’s volatility versus gold eased marginally, suggesting a “fair value” of $38,000 for the cryptocurrency and implying “significant upside potential for digital assets,” according to a research note by JP Morgan’s team of strategists published Wednesday at the Led by Nicholas Panigirtzoglou. Bitcoin was trading at around $29,700 on Wednesday. The token fell sharply over
JP Morgan: Bitcoin to Post Strong Rally, Come out as Alternate Asset Read More »
It is not easy for a new forex trader to understand how the trade market works and how they can enter a trade. Sometimes, they have to sit in front of their monitor for long hours and see when the market is in the right state or allow them to enter. There are different ways
Why are Pending Orders so Crucial in Forex? Read More »
The Coronavirus cutout means China’s economic growth will lag behind the United States for the first time since 1976, resulting in a shift in roles and possibly political consequences in both Beijing and Washington. In a report released on Thursday, Bloomberg Economics wrote that China’s economy will grow only 2% this year. By comparison, Bloomberg
Bloomberg: US to Outpace China’s Growth Read More »
The concept of leverage in trading is taking advantage of artificially boosted transaction sizes to make more money from every trade. What if you were buying shares intending to become a professional share dealer? It will take you some time to generate a full-time income without enormous starting capital. If you do not have more
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