One of the most important tasks for a trader is to find a reliable forex broker. Choosing a forex broker that is right for you and your investment needs can be confusing. Since there are so many online brokers today, choosing between them is like selecting an insurance agent. What to Consider When Choosing a … Read more
Learning what is forex trading and how does it work has become an increasingly popular topic in recent years as more people look for alternative ways to make some extra money. However, it takes a lot of practice, dedication, and discipline to get to the point where you can make consistent profits from it. In … Read more
Multiple time frame analysis is one of the popular technical analysis tools a trader can use before making any trade. Unfortunately, many traders would like to make their trading decisions based on a single time frame. As a result, they spend most of their time analyzing the charts in their specific time frame without paying … Read more
Money management refers to a set of techniques used to increase profitability, cut down losses, and grow your trading account. The application of good money management techniques plays a critical role in any trading plan. Sadly, most traders don’t understand how important it is and end up blowing their accounts as a result. Without proper … Read more
Many traders use Japanese candlesticks as part of their technical analysis to study forex trading charts. Learning how to read Japanese candlesticks is important if you want to know how the candles on a chart interact with each other and provide a basic understanding of how the market works. In this article, I’m going to … Read more
Beginner traders are surprised to see that a trade they just made is already at a loss. They start to wonder if the broker is trying to scam them. In fact, there is no scam here, and this is happening because of the forex spread. In today’s article, I’ll talk about what a forex spread … Read more
One reason beginner forex traders fail is that they usually pick the wrong time frame for trading. Since most beginner traders want to get rich quickly, they are tempted to trade with small time frames like the 1-minute or 5-minute charts. But that approach is wrong. This article will help you to learn about the … Read more
Do you know that the US dollar is involved in more than 50% of transactions on the forex market? Out of the US dollar currency pairs, the EURUSD is the world’s most traded currency pair, accounting for almost 30% of all forex trades. Traders like these currency pairs because they are more liquid and have … Read more
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
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
