Who in the world doesn’t aspire to be successful all the time? However, the question arises whether it is possible for good fortune to always triumph. Unfortunately, the answer is “No.” For a trader, there are frequent moments of loss or drawdowns. Even the best poker players have to confront defeat. The turbulent economic circumstances […]
What do you need to know about the forex drawdown? Read More »
Psychology in everyday life studies the mind and how wit governs behavior. Psychology adopts the same role in trading but with a more financial connotation. Notably, as a trader, psychology would mean the lens through which I determine what is happening in a forex market. This conclusion is ultimately brought about by a series of
The Four Demons of Trading: How to Avoid Them? Read More »
Tensions about a possible Russian invasion of Ukraine have pushed global markets to the brink of collapse. The possibility of conflict in Ukraine, as well as the likelihood of increasing interest rates, shook the markets this week, sending prices plummeting as frightened investors fled stocks. So, how are the markets performing, and what to look
How are crises in Ukraine hitting the global markets? Read More »
After a rollercoaster in January, the first week of February has a lot in store. Firstly, the BoE monetary policy report on Thursday. The ECB will also announce its monetary policy on Thursday. We have a busy week from the US, with NFP on Friday. So, what can these events bring for the overall markets?
What to look for this week? BoE, NFP, and ECB in focus Read More »
The two most compatible and simple-to-use indicators are Moving Average Convergence-Divergence (MACD) and the Stochastic Indicator. In simple words, stochastic compares a stock’s closing price to its price range over time. MACD forms two moving averages that diverge from and converge. What would happen if the indicators from different systems were combined? Would they cooperate
Double cross strategy with Stochastic and MACD Read More »
The Exponential Moving Average (EMA) is one of the oldest and most commonly used forex trading tools. Traders incorporate this indicator in charts to get information about price change trends, directions, strengths, and behavior. Traders also use it to understand the trade’s entry and exit points depending on the position of the price shown on
Is EMA a viable option for Forex strategy? Read More »
The Federal Reserve kept interest rates around zero on Wednesday, January 26, but maintained its intention to abandon its pandemic-era cheap money policies in the face of significant price increases. So, what can we see in the long run? Powell’s press conference Federal Reserve Chair Jerome Powell suggested in his post-meeting news conference on January
Feds held interest rates near zero but signaled higher rates Read More »
As the Delta wave faded and the Omicron variant became a threat to the rebound in the last months of 2021, the US economic recovery picked up speed. So, will we see a pace in growth in 2022? Strong fourth quarter The fourth quarter provided some reprieve between coronavirus outbreaks. It began while the Delta
US Economy grew more than expected; what’s next? Read More »
A Zig Zag indicator is a simple tool that traders may use to determine the possibility of a trend reversal in an asset. Whether used with simple support and resistance analysis, it aids in determining when a market is aggressively reversing the trend or slicing through one of the previously defined levels. Reading Zig Zag
How to trade with the Zig Zag indicator? Read More »
If you’re new to trading (or even if you are), you might be wondering how much time you should spend “in front of the screens.” There’s a lot of chatter in the media about “day trading,” For an ambitious home-based trader, this is frequently the image that springs to mind. Day trading entails spending long
Why swing trading might work for you? Read More »
