Choosing the best currency to trade in can be challenging, especially if you are a starter. Some traders with little experience pick the first pair that comes to mind without doing any research, only to find out the hard way that there are better ways to trade. A currency pair is a quote that includes […]
List of Best Currency Pairs to Trade as a Beginner in Forex Read More »
A “pip” in trading means a minimal price change. This is a short form of “percentage in points.” In foreign exchange (FX) trading, a point is the slightest change in the price of a coin that can happen. Thus, trading foreign exchange is a standard way to measure money. Forex traders use the term “pips”
How to Calculate Pips in Forex? Read More »
There are two parts to any forex rate: the base currency and the quote currency. The first currency in a quote is called the “basic currency,” and the second is called the “quote currency.” In the price of EUR/USD 1.2000, the base currency is Euro, and the US dollar is the reference currency. Bid and
How to Read a Forex Quote: Guide for Beginners Read More »
Choosing the right chart is an excellent place to start if you want to become a technical trader. Active traders can use a wide range of charts, from simple line charts to complicated point-and-figure charts. So many options can paralyze market technicians who have yet to do it. You can learn more about the market
OHLC vs. Candlestick Charts: Which One is Better? Read More »
In foreign exchange, the spread is the gap between a currency pair’s bid price (to sell) and the asking price (to buy). There are two prices for each pair: the bid and the ask. At the asking price, you can buy the base currency. At the bid price, you can sell it. How to calculate
How to Calculate Spread in Forex? Guide to Follow Read More »
Ichimoku Cloud, also known as Ichimoku Kink Hy, is a technical investment indicator. Kijun, Tenkan, Senkou, Kumo, and Chikou are Japanese words that may have little meaning to a non-native speaker. In reality, though, they’re discussing one of the most common trading methods—the Ichimoku technique. When trading with Ichimoku, Ichimoku Cloud is your friend Traders
What is the Best Ichimoku Cloud Trading Strategy for Forex Market? Read More »
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
US Stocks Soar amid Improved Sentiment in Chinese Tech Read More »
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 »
