ADR stands for Average Daily Range, which means that every market in forex trading has a unique range that covers the whole single day. ADR provides you with the actual content on which the instrument is trading on that day. ADR helps you to enhance the win rate in trading just by filtering out entries. […]
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Trading is all about earning the most profits possible. Many strategies have been developed for that purpose. The 10 pips a day strategy allows you to earn little by little but continuously since it takes time to earn every pip. If you have ever wondered how to win 10 pips a day, you have come
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The majority of indicators and expert advisors that analyze currency pairs or trade them rely on tick volume. In every Metatrader platform, tick volume is calculated based on the number of price updates (ticks) made during an individual bar or candle formation. Initially, it appears that it is a good approximation to real volume. Still,
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One of the most popular short-term strategies among retail Forex traders is day trading. The strategy offers quick returns. Traders with ample time to monitor charts and analyze the markets are well-suited to Forex day trading. In Forex trading, currency pairs are fluctuating in price constantly, so Forex day traders need control, discipline, focus, and
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The RSI is used to measure variation in price between high and low closings. It is a valuable tool for traders when determining entry and exit levels on forex: the index indicates overbought or oversold conditions. Since the RSI fluctuates between zero and 100, it is classified as an oscillator. An RSI indicator typically draws
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No wonder they say that a talented person is talented in everything. A striking example of this is the well-known woman trader Linda Raschke. We think there is no point in talking about her. Information about this bright personality is easy to find on the Internet. This and the pattern “Three movements” and the strategy
Forex Turtle Soup Strategy: Is it delicious or profitable? Read More »
The US dollar held steady in the European session on Thursday, expecting the Fed to start rolling back stimulus measures at its next meeting in November. During a discussion at the ECB’s Forum on Central Banks, Fed Chairman Jerome Powell said inflation could remain elevated longer than previously thought due to supply constraints. Powell added
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The dollar is rapidly rising for the second day in a row and has renewed record values for almost a year. The dollar index, which reflects the rate against six key world currencies, jumped 0.56% on Wednesday and reached 94.3 points – the highest since November last year. The Euro against the US dollar also
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If we talk about the main purpose of Forex charts, these charts are generally used to depict the movement of currency prices as time passes. Thus, in forex trading, you will notice a constant change in currency prices with time. For a smooth and hassle-free experience in forex trading, considering using forex charts is of
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Market participants often trade securities using chart patterns. For example, the stock price moves in a specific direction when it resembles a rectangle, rounding, triangle, Cup and handle pattern, etc. Thus, a pattern, entry point, and risk-rewarding ratio can easily be defined to quickly find a good entry point. Cup and handle patterns are nothing
How to identify and trade Cup and handle trading patterns? Read More »
