In most cases, traders only have an understanding of non-directional trading and directional trading. Trading in directional markets (stocks, bonds, commodities, currencies, or cryptocurrencies) is probably one of the most popular strategies for buying and selling securities. You must bet up or down on the market’s direction if you use directional trading strategies. The alternative […]
Unidirectional Trade Strategy – Why to Use Read More »
A drawdown occurs when the balance of your forex trading account varies from one high point to the next low point. Due to losing trades, your balance reflects a loss of capital. Suppose your currency trading account begins with a $100,000 balance and loses money on trades. This is known as a “drawdown.” Suppose you
What is Drawdown in Forex Trading? Read More »
Traders use indicators such as parabolic SAR and parabolic stop and reverse primarily to estimate a given asset’s short-term momentum in the future. A trader can easily use this indicator, developed by the famous technician J Welles Wilder, Jr, to determine where to place stop orders within a trading strategy. (An indicator like this is
What is the Parabolic SAR? Read More »
What is the effect of retail sales on the financial markets, specifically the Forex market? Are these reports beneficial to your trading? Nearly all major currencies release retail sales data regularly, which is constantly watched by the forex market. Financial markets like the Forex market are among the most dynamic in the world. In addition
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Technology stocks posted solid gains on Wall Street on Friday, capping another strong week for the market as investors cheered solid gains from Apple and others. The S&P 500 was up 2.5%, posting a 2-week gain for the first time since August. The Dow Jones Industrial Average rose 2.6%, while the high-tech composite index Nasdaq
US Stock Market Posts 2-Week Winning Streak Since Summers Read More »
The WSJ writes that Twitter Inc. is developing plans for mass layoffs, citing knowledgeable, confidential sources. And it’s only been a few days since the social media platform was acquired by billionaire Elon Musk for $44 billion. One of the sources said that the proposed layoffs are expected to result in a reduction in engineering
Twitter May Downsize Massively After Elon Musk’s Takeover Read More »
On December 5, the price cap will take effect. Penalties may apply to cargo in transit that arrives at the buyer after December 5. In the West’s economic struggle with Russia, the Biden administration is seeking to allay industry fears of a new sanctions regime by imposing a price cap on Russian oil. An embargo
US in No Hurry to Cap the Price of Russian Oil Read More »
On Friday, the yen fell as the BOJ remained dovish while the dollar struggled to recover from losses earlier in the week amid expectations that the Federal Reserve’s aggressive rate hikes would ease. Following the BoJ’s commitment to keeping 10-year bond yields close to 0%, the dollar rose 0.8% to 147.43 against the yen. “We
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In backtesting, a strategy or concept is tested for past profitability manually or systematically. To determine if a trading strategy shows promise and profitability in several markets, a trader can backtest a strategy manually or with backtesting software. This article will focus on manual backtesting since backtesting does not always require software and can be
How Do You Backtest Effectively? Read More »
Foreign exchange markets (forex) are among the world’s most accessible day trading markets because of their low entry barriers. Starting day trading shouldn’t be difficult if you have a computer, an internet connection, and a few hundred dollars. A quick profit can’t be expected from this easy entry, however. These four common mistakes, the main
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