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what is a forex pip

What is a Forex Pip

Surely you have heard the word “pips” more than once. But what is a forex pip? What does it mean? Today, I want to explain what a pip in forex trading is and how to calculate it. What is a Pip? A pip stands for “Percentage In Point,” and it is the smallest change in … Read more

how to save a losing forex trade

How to Save a Losing Forex Trade

As a beginner or seasoned forex trader, facing losses is an inevitable part of the trading journey. In reality that can be scary, especially if the trade starts going in the opposite direction of your analysis. However, the ability to manage these situations is what separates successful traders from those who lose and quit. Now, … Read more

how to identify sideways markets

4 Simple Ways How to Identify Sideways Market

When an asset price is not moving in an uptrend or a downtrend, but instead bouncing between two parallel levels, then you have a sideways market. It is easy to visually identify a sideways market on a chart, but the real problem is how to identify it at the beginning. The good news is that … Read more