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how to read japanese candlesticks

How to Read Japanese Candlesticks

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

what is forex spread

What is Forex Spread

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

best time frame to trade forex

Best Time Frame to Trade Forex for Beginners

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. As a beginner, you might be wondering, “What is … Read more

best currency pairs to trade for beginners

Best Forex Pairs to Trade (2023 Update)

Choosing the right forex pairs to trade is one key factor that can significantly impact your success. This article will guide you through the best Forex pairs to trade and help you make the most of your trading strategy. Do you know that the US dollar is involved in more than 50% of transactions on … Read more

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