We’ve all been there—staring at the screen, heart pounding, as we witness our well planned forex trade fall apart before our eyes. When you trade on the volatile Forex market, you’re bound to experience losses. However, the question isn’t whether you’ll face losses, but rather, how you bounce back from them. Recovering from a loss … Read more
Double bottom pattern is a popular technical analysis tool used by traders to identify potential trend reversals in the market. In this article, we will explore the double bottom technical analysis in detail, including what it is, how to identify it, and how to use it in your trading strategy. What is Double Bottom Technical Analysis? … Read more
One of the secrets to success in forex trading is the ability to closely examine price changes. For this purpose, a key tool used by traders is the forex chart, and not just one but various types of forex charts. This article will cover 3 most commonly used forex chart types that traders use to … Read more
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
