In the foreign exchange market, an ECN broker is a common term. However, many of us still need a firm grasp on what it is and how it might help us improve our trading. Every trader exploring new opportunities and advantages should consider using an ECN. What does “ECN Broker” means? When it comes to […]
Advantages of an ECN Forex Broker you should know about Read More »
This article will focus on the most reliable and robust reversal patterns found in the forex market. The risk-to-reward ratio for reversal patterns is typically rather favorable. We’ll review how to spot each pattern and profit from trading it. The market demonstrates a turnaround pattern when it reverses its previous trend, either rising or falling.
Which are the Powerful Reversal Patterns a Trader Must Know? Read More »
If price is everything, why do so many sellers need help making money from price changes? Most of the time, the answer is simple, and all it takes to improve your price action trade is a few small changes. This is easy to figure out. Here, you’ll find some tips for trading Forex price action.
Top 2 Forex Price Action Trading Tips for Beginner Traders Read More »
Gold and Copper Output Decline Barrick Gold (NYSE GOLD / WKN 870450), the world’s second-largest gold producer, reported around 0.95 million ounces of yellow metal and 88 million pounds of copper in the first three months of 2023. This was lower than the same period last year when it produced 0.99 million ounces of gold
Barrick Gold Reports Lower Production and Higher Costs in Q1 2023 Read More »
Rate Hike in Line with Expectations As expected by most traders and economists, the European Central Bank increased the policy rate by 0.25% to 3.25% on Thursday, following three previous hikes of 0.5% each. This is the highest level of rate since 2008. The ECB stated that its Governing Council would make sure that the
ECB Raises Deposit Rate to 3.25%, Signals Two More Hikes Read More »
The Moving Average, Convergence/Divergence indicator, is a momentum trading oscillator that commonly trades with trends. Besides being an oscillator, you cannot use it to tell if the stock market is overbought or depressed. It is shown on the graph as two curved lines. When the two lines cross, it’s like using two moving averages. How
The MACD Indicator – How Does It Work? Read More »
Financial markets are caught in a tug-of-war between continued inflation and recession worries as they try to guess the Federal Reserve’s next move. This means that investors are potentially ignoring a much more dangerous outcome: stagflation. The combination of slower economic growth with persistent inflation could potentially shatter hopes for a reversal of the Fed’s
Stagflation Fears Stemming from Looming Economic Woes Read More »
The Average True Range (ATR) indicator is often used in investing for several reasons. The ATR could help your trend trading, show you how the market works, and help you set targets more accurately to increase your chances of success. What is the purpose of using ATR? Market experts might use the ATR to help
How to Use Average True Range Indicator for Day Trading? Read More »
Bitcoin closes April with gains. This marks the 4th month in a row of price increases. Longest streak since March 2021. On Sunday, March 30, the BTC coin climbed to $30,000, down from its peak of $31,000 on April 14. Bitcoin has plunged 77% from its record highs of nearly $70,000 in 2021 to its
Bitcoin’s Longest Winning Streak since 2021: Analysts Predict Future Growth Read More »
The moving average (MA) is a simple way to analyze the forex market. It gives a constantly updated average price, which makes price information less volatile. The user can choose the average time to figure out the average, which could be from 10 days to 30 weeks. Moving average techniques are popular and can be
How to Use a Moving Average for Buying Stocks Successfully? Read More »
