Forex trading involves a lot of analysis and decision-making. One of the most crucial aspects of this process is the use of trading indicators. Traders often use these indicators to make informed decisions and increase their chances of success in the market. In this article, we’ll discuss the difference between leading vs lagging indicators, their … Read more
Mastering how to use Fibonacci retracement levels can help you improve your trading skills. Fibonacci retracement levels are one of the most widely used tools in technical analysis to identify key levels of support and resistance. These levels are based on the Fibonacci sequence, a mathematical formula that can be applied to a wide range … Read more
What is Fundamental Analysis? Fundamental analysis is a method used by Forex traders to evaluate the intrinsic value of a currency by examining various economic, social, and political factors. In other words, it’s a way to determine the “true” value of a currency, allowing traders to make predictions about its future performance and make informed … Read more
Demo accounts let people who want to invest try out trading and learn new strategies before they trade with real money. Almost all brokers offer demo accounts so that beginner traders can get a feel for what it’s like to trade in real markets without any risk. In this article, I will explain to you … Read more
The forex market consists of major market participants that keep it functional. The goals of each participant can be very different from one another. Central banks, global investment banks, international corporations that finance cross-border investments, Fund Managers, and retail traders are some of the most important players in the market. In this short article, you … Read more
Have you ever experienced that you were in a good position with a nice profit when the market suddenly became volatile, causing you to lose money? Have you only traded according to technical analysis and not even looked at the daily economic calendar? If so, then you should read this post carefully because it can … Read more
Traders’ actions are largely driven by their emotions. And these trading emotions decide how successful the day is going to be for a trader, no matter what instrument they trade. For many traders, “money” is a distinct value that can trigger greed and euphoria, but also fear and pressure. The attraction of fast money leads … Read more
Let’s start off with a question. What is the most commonly used technical indicator in forex trading? Even fundamental analysts use this indicator on daily basis. No need to think too far; the answer is the moving average indicator. The Moving Average (or simply MA) is probably one of the first forex indicators you learned. … Read more
Today you will learn how to set stop loss correctly using support and resistance levels, trend lines, moving averages, and Average True Range. In addition, you will also learn about trailing stop losses. What is a Stop Loss? A stop loss is an important tool to protect your trading account. It limits the amount you … Read more
Every new forex trader who enters the market must know what a forex lot is. Trading with incorrect lot sizes can drain your trading account very quickly. Therefore, it is important to understand the concept of a lot. How does it work? How can it affect a transaction? This article contains the answers to these … Read more
