As traders, we encounter various chart patterns, such as Double and Triple Tops and Rectangles. The triangle trading pattern is also a chart pattern. It is the most common chart pattern, so we must understand how it works. What is a Triangle Chart Pattern? The simplest way to describe this is a narrowing range of […]
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Since 2014, oil prices have wholly broken to around $100 a barrel. Most markets have eventually fallen, and the ruble has reached record lows against the US dollar. This happened after Russian President Vladimir Putin had launched an offensive action in Ukraine. Stocks plunge, safe-haven assets rise Major European stock markets have opened 2.5% -4%
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Most traders monitor their transactions on a single screen. Although a single frame is sufficient to decide, the utilization of many screens can be beneficial. Therefore, Dr. Alexander Elder proposed the triple screening system in 1986, but it is now widely employed in forex markets. It was created to remove misleading signs and signals by
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First thing’s first; what is a 0.01 lot size? A 0.01 lot size means 1.000 units of any particular currency in forex trading. This is also called the Micro Lot, which we will discover later. If your currency pair involves USD, the pip value is $0.1 per micro lot. For example, if the price moves
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Every day, you are bound to read about complex forex information. Instead of the boring old stuff, we will mention the top 10 fun facts about forex trading. 1. Forex extends back to ancient times There is a notion that the first sign of forex erupted during biblical times. The Egyptian currency market dates back
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London has always been a hub for trading due to its strategic location. It is considered the forex capital of the world. For us forex traders, the London trading season is the perfect time for trading and finding opportunities. The key is to choose the correct currency pairs if we truly want to reap the
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Pullback trading is a popular strategy among traders. It’s hardly surprising because monitoring for pullbacks guarantees that you’re in sync with the market. Moving averages are, without a doubt, among the most prominent tools in technical analysis. In addition, the market could potentially pull back into moving averages. What is a pullback? The phrase “pullback”
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Trading forex without a strategy is similar to starting a journey without a map since you never know where you will go. You could make or lose money, but you have no way of knowing. So, here are the best forex trading strategies you can apply in 2022. Picking up a strategy As a currency
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The world is no doubt an intricate place with multiple dark facets. No person gets to lead a smooth life. The forex market is no exception. If it were simple, everyone would have been making big bucks. You have to take care of a number of factors before any investment. People tend to make the
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A variety of people populates the forex markets. As a result, different traders use different patterns to succeed. In this article, you’ll learn how to identify the piercing patterns and trade in them? What is a Piercing Pattern? The piercing pattern is a two-day candle pattern that indicates a possible trend reversal from downward to upward.
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