Currency values are influenced by a variety of economic factors that reflect a country's overall economic health and stability. One of the primary factors is interest rates set by central banks. Higher interest rates tend to attract foreign capital,...

A market depth profile provides a detailed view of the supply and demand at various price levels in a financial market. It shows the quantity of buy (bid) and sell (ask) orders at different prices, offering insights into the market's liquidity and...

A Moving Average 55 (MA 55) is a technical analysis tool used primarily in financial markets to smooth out price data and identify trends over a specified period, in this case, 55 periods. The 55 represents the number of time periods (e.g., days,...

Trading knowledge plays a major role in improving profitability in forex because it helps you understand how the market behaves and why prices move. When you know how technical analysis works, you can read charts more confidently, spot trends early,...

The Commodity Channel Index (CCI) is most effective in trending markets, particularly those with a strong upward or downward bias. The CCI is designed to identify overbought and oversold conditions in the market, which can be useful for traders...

In forex, global variables are values stored within a trading platform, most commonly MetaTrader, that can be accessed across different charts, indicators, or expert advisors (EAs). Unlike local variables, which exist only within a specific program...

Spot gold is the price of gold traded for immediate delivery in the global market. It reflects the current value of one ounce of gold and moves throughout the day as supply, demand and market sentiment shift. Traders follow spot gold because it acts...

Curve fitting happens when a trading strategy is shaped too perfectly around past market data. Instead of finding a real trading edge, the system is tuned to match historical price movements at an unrealistic level. It usually starts with good...

An Inside Bar candle is a key price action pattern in trading, especially in forex and stocks. It occurs when the current bar or candle is entirely within the range of the previous bar, meaning its high is lower than the previous high and its low is...

The main purpose of using a grid trading strategy is to take advantage of price fluctuations in a market without needing to predict the exact direction of the trend. Instead of focusing solely on whether the price will rise or fall, grid trading...