Forex Trading and Miscellaneous

You might think becoming a full-time Forex trader is easy, but it’s far from it. Only the disciplined can make a living in Forex trading, an environment of constant ups and downs. The key is to understand what you’re getting into before you begin. To give you a sense of what Forex trading is all […]

There are two categories of financial market analysis. Among other factors, fundamental analysts consider macroeconomic conditions, earnings, interest rates, and future price movements in predicting price movements, whereas technical analysts think all public information affects price movements. In technical analysis, candlestick price charts help to predict future price movements based on past price movements. Traders

An industrial production index is a monthly economic indicator that measures real output in many industries, including manufacturing, mining, electric, and gas. The Federal Reserve Board (FRB) publishes it in the middle of every month, and the Conference Board, an economic think tank led by its members, reports on it. At the end of every

The USD/CAD currency pair is one of the world’s most commonly traded currency pairs due to the high volume of cross-border trade between the US and Canada. The USD/CAD pair also belongs to the major forex group, as the US Dollar is an influential currency, whereas the Canadian Dollar functions as a commodity. Additionally, the

Before selecting a forex broker, you must first determine what type of forex broker you would like to trade with. The type of execution model your forex broker uses to perform your forex trades in your live account is equally important as the trading platforms, trading tools, and risk management tools they offer. Forex brokers

It takes dedication, patience, and experience to succeed in anything, and trading is no exception. Simulated Forex trading allows you to begin trading the market risk-free and conveniently. There are very few differences between this and real trading – the price quotes move the same way, the charting tools are the same, and you can

Forex traders often use target trading as a strategy to trade. Preemptively establishing profit-taking points, or targets, at which to exit your positions or partially exit them can be achieved by identifying market trends and anticipating price movement. Trading grid strategies involve creating conditional stop-entry orders and setting a profit target for each pending order

After a pullback, Fibonacci extensions can be used to estimate how far a price may continue to move after setting profit targets. There is also a possibility of price reversals at extension levels. They are based on Fibonacci ratios (as percentages) and represent connections to points on a chart. 61.8%, 100%, 161.8%, 200%, and 261.8%