You must understand that many myths have emerged around Forex trading over the years that pertain to you as a newbie Forex trader and that you should explore them to understand the reality of Forex trading. Some of these myths may be due to how the Forex market used to work before retail traders could […]
Some Common Myths About Forex Trading Read More »
The first thing you need to do once you decide to engage in Forex trading is accept its volatility. The currency exchange market appears incredibly lucrative from the outside, but once you start trading, you’ll realise how much uncertainty exists in the foreign exchange market. Forex traders often lose money due to volatile Forex markets.
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The Volume Weighted Average Price (VWAP) is a popular technical analysis tool for day traders and intraday traders. It is accurate in spotting exit-entry points within a short-term timeframe. Traders are constantly looking for ways to capitalize on the opportunities in the cryptocurrency market because cryptocurrencies are subject to violent price swings, and the market
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Trading signals for laggard indicators are based on past price data, while leading indicators provide traders with predictions about future price movements. In the case of leading versus lagging indicators, how should traders choose? Individual preference will determine this question after understanding each’s advantages and limitations. What is a leading technical indicator? Traders use a
What are Lagging and Leading Indicators in Forex? Read More »
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
Why is a Trading Journal so Important? Read More »
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,
How to Improve Your Skills in Technical Analysis? Read More »
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
Yuan to Continue the Downside as Greenback Soars Read More »
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 »
