For many years, there has been a dispute between traders about what is initially and, more important, technical or fundamental analysis. This debate is like a discussion between idealists and materialists about what comes first. Sooner or later, every newcomer to the Forex market is faced with this question. Seasoned traders, both successful and less […]
Technical or fundamental: What’s the best analysis way? Read More »
Retail sales The data will be published on Tuesday, March 16, at 12:30 GMT. We expect some modest payback in retail sales data for February after spending spikes in the previous month. Direct checks from the December fiscal stimulus package burned a hole in consumers’ pockets in January and led to the biggest increase in
Review of US data expected this week Read More »
Stop orders are mainly used to protect losses on a position, take profit on a position, or enter the market on a breakout. Regardless of why a trader uses stop orders, buy stop orders should always be placed at the market price or higher (asking price), while sell stop orders should always be placed at
Why stop orders get rejected? Read More »
Each trader should pay attention to how high the volatility is in his chosen currency pair. The choice of a trading strategy depends on this and the profit that a person can get. The impact of volatility on trading Volatility is the fluctuation in the value of a currency over a given period. If a
Why is volatility important in Forex? Read More »
In our lives, we are all responsible for our actions, for our successes and failures. Preventing failure is an integral part of this process. If you repeat to yourself: “I’m not ready for trading right now.” “I’m not disciplined enough.” “I hate looking at a computer all day and doing nothing.” “I see a deal,
Top reasons for failure in Forex trading Read More »
Each Forex trading advisor contains a certain market strategy, a kind of response scenario to certain trading signals, an algorithm of behavior when buying or selling currencies. Here, a direct relationship comes to the fore: how good the strategy is, the EA is just as profitable. But advisors are applications for Forex trading systems, so
How do Forex advisors work, and how to use them? Read More »
Every day there are innovations related to the execution of orders in the forex market. It is rather difficult for a beginner to understand how they differ, and it is difficult to choose which type of execution will be the most profitable. So, there are two main types of orders that we will encounter –
Forex order execution: The essence of requotes Read More »
US lawmakers approved $ 1.9 trillion in stimulus, and the US labor market report, which was released on Friday, was strong. However, despite this, sales are observed in the market of risky assets, so the dollar is strengthening. The dollar index traded near three-month highs on Monday after a massive US Senate’s massive stimulus bill
US Dollar soars to 3-month highs Read More »
Literature is an important self-educating tool for any trader on financial markets. Learning new things helps a trader minimizes his expenses and increases his earnings. We bring the best books on technical analysis to your attention, which will be useful to both novice traders and professionals. Technical Analysis Books “Technical analysis: Simple and clear. ”
Top 5 books on technical analysis Read More »
Unsystematic trading forces the traders to work harder and harder in the hope of making a profit. It gets to the point that they develop a real addiction to trading. Some traders start to trade too actively. Mostly it concerns short positions. And the reason is simple – the trader has not identified a constructive
6 reasons for overtrading in Forex Read More »
