Trading journals are comprehensive records of your trading activity. It involves recording the results of all your trades to evaluate your overall performance later on. This kind of documentation will also allow you to draw objective conclusions from them when feeling upset and doubting your trading system after a series of losses. It is common […]
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In some ways, technical analysis may seem easier and simpler than fundamental analysis when trading Forex. However, the truth is that it takes some time to learn. Starting, Forex traders often have difficulty understanding the technicals. Building familiarity with the charts requires quite a bit of practice. FX traders with some experience, even intermediate ones,
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Fundamental and technical analysis are the two major bodies of trading literature. With these two bodies, traders can make informed investment decisions to gain profitable results. Thus, it enables the investor to decide whether to hold, buy or sell any asset in a regulated market. To help you differentiate between technical and fundamental analysis, we
Technical vs. Fundamentals: What is the best? Read More »
One of the advantages of the financial markets is that the Forex market is open 24 hours a day, five days a week (Sunday 5:00 p.m. to Friday 4:00 p.m.). In addition, with the market-driven by the media, financial information is often the essential factor in moving to the short term. This is especially true
How to optimize Forex news trading? Read More »
The yuan’s decline is set to gain momentum over the next few months as markets factor in a deteriorating economy hit by Chinese authorities’ fight against another Covid outbreak. Analysts at Credit Agricole, Standard Chartered Bank, BNP Paribas and HSBC Bank lowered their forecasts as the yuan fell more than 3% this month. A Bloomberg
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The dollar dominates the forex market as the risk sentiment remains quite deteriorated. The risk assets like EUR, GBP, and AUD have slipped to multi-month lows. Gold remains under pressure as the dollar leads among the safe-haven assets. With the flight to safety increasing during the US trading session, global equities suffered heavy losses, and
Forex Market Roundup: Risk Flows Keep Dollar Dominating Read More »
With so many things to consider, whether you decide to buy stocks, it’s easy to skip a few key considerations. One of the reasons may be stop-loss orders. A trading stop-loss order can make a huge difference when used correctly. Thus, it can bring significant benefits to everyone. What is a stop loss in forex
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Many new traders are unaware of the term technical indicator and its role in forex trading. However, technical indicators are one such tool with which a trader can understand the pricing movements on a better level. These indicators help identify forex trends and assess the market under the situations of overbought/oversold. In addition, there are
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Many factors contribute to your success in the market. Successful trading entrepreneurs are the people who have gained a lot of experience, such as knowledge of the basics of the market, and use it to their advantage. But in addition to knowledge and experience, trading psychology can also significantly impact your trades. For example, improper
Forex psychology: Why do traders fail? Read More »
The volume profile is a tool for traders, where you can find a basic level that the leading players in the market consider when trading. You can also name it horizontal volume. The value of this trading tool lies in the fact that it can mix and match with any marketing strategy. Furthermore, after analyzing
What is the volume profile in forex trading? Read More »
