Forex Trading and Miscellaneous

Day trading aims to make several small profits in a short period (minutes to hours) in the hopes of realising larger gains over the long term. A day trader makes multiple stock purchases and sales on the same day. Here are some reasons why day trading is a bad idea. Day trading is a high-stakes

Support and Resistance is a trading term in a price zone where prices slow down and turn around before the trend reoccurs. If the direction of the forex market changes, this kind of thing often happens again. In some places, prices go up and down, bringing them to their highest point before adjusting. And this

The behaviour of investors can be affected by events that occur outside of the regular trading hours of the financial markets. Natural disasters and international incidents are not picky about when they strike. Major firm earnings reports released either after or before the market opens can drastically alter the market’s course. Quarterly reports are made

When you need to sell foreign currency, you hear a lot about Forex deposits. The term “retracement” is frequently used when discussing Fibonacci retracement forex. However, this is only sometimes the case. What is the definition of “forex retracement”? Any temporary reversal of an on-going price trend is known as a pullback. The phrase “inside”

How successful a day trader is depends on numerous factors, including the trading tactics employed, the trader’s attitude towards risk, and the trader’s starting capital. As of March 2023, a day trader’s annual salary typically ranged from $34,000 to $96,500. Day traders have a high failure rate because they trade speculatively and aggressively without diversifying

Contrary to popular belief, investing and market timing can work together to yield positive returns over the long term. To achieve this, you must abandon the “buy and hold” approach that characterises much modern investing. Incorporate technical ideas that aid in determining when to enter a trade, how to manage your position best, and when

Swing trading is a method to make money in the financial markets by keeping positions from one day to several weeks. Most of the time, swing traders use technical analysis to figure out when and where to join and leave trades. Swing trading can be very profitable if a person has the self-control to keep

There are numerous distinctions between swing trading and scalping. Time, profit, risk, and financial management are just a few variables that can vary. Scalping is a high-risk trading strategy that is not appropriate for novice traders. Conversely, swing trading is beneficial for both novice and seasoned traders. What exactly is “swing trading”? Swing trading requires

The US dollar and the Japanese yen are undoubtedly the most frequently traded currency pairs inside the foreign exchange market. Both seasoned shoppers and people who have never shopped do well with these two things. When will the market for USD/JPY start? Even though selling happens constantly, most people buy in the UK between 8:00