Dow Theory identifies three types of market trends that describe how prices move over time: primary, secondary, and minor trends. These trends help investors understand the broader market direction and avoid being misled by short-term...
The forex spot rate, also known as the spot exchange rate, refers to the current market price at which one currency can be exchanged for another currency for immediate delivery. It represents the value of a currency pair at the present moment in the...
Demo trading is often called the mother of success because it gives traders the priceless gift of experience without the risk of financial loss. In the world of financial markets, mistakes can be expensive. Demo trading platforms allow beginners to...
The primary goal of a Forex investor is to achieve consistent long-term growth by capitalising on changes in global currency values. Unlike short-term traders who focus on rapid price movements, a Forex investor typically aims to build wealth...
The Marubozu and Engulfing patterns are both popular candlestick formations used in technical analysis, but they differ in structure, formation, and market meaning.
Trading is not an easy task, and we also suffer losses. Accepting failure is the most fundamental skill that can lead to improvement. Failure is only a temporary state, and we can learn from it. If we accept our loss in the Forex market, we can...
Using a stop loss is a crucial strategy in trading, designed to limit potential losses and protect your investment. It's an essential tool that helps traders manage risk and maintain discipline in the face of market fluctuations. Here's how to use a...
Trading without a plan might be as ineffective as trading at random. if you use a few solid plans connected to your pairings, trading timings, trading method, trading volume, daily aim, what to do if anyone loses, and the ideal way to exchange...
Trading software encourages trading and examining financial items, like stocks, alternatives, fates, or financial forms. Financer firms give their customers trading software to put trades and deal with their records in many cases. The product might...
The relationship between retrace waves and trend continuation is central to understanding how markets move. In any trending market, price does not travel in a straight line. Instead, it advances in waves: impulse waves that move in the direction of...