Forex trading is one of the most popular forms of trading in the financial world, but it's also one of the most misunderstood. There are a number of common misconceptions about Forex trading that can lead to traders making poor decisions and...
The Dark Cloud Cover is a bearish reversal candlestick pattern that appears at the top of an uptrend, signalling a potential shift from bullish to bearish momentum. It consists of two candles: the first is a strong bullish (green) candle, followed by...
NordFX offers several types of trading accounts designed to suit different levels of traders, from beginners to professionals. Each account type varies in terms of minimum deposit, spreads, leverage, and trading conditions.
The fear of missing out (FOMO) in trading refers to the anxiety and apprehension traders experience when they believe they are missing out on profitable trading opportunities. It can be caused by a desire to keep up with other traders, a need to stay...
Mutual fund expense ratios and sales charges can quickly become out of hand if you're not paying attention. When investing in funds with expense ratios greater than 1.20%, exercise extreme caution because they will be considered on the higher cost...
When an open position is held overnight in the forex market, its profit or loss is subject to certain adjustments due to a process called rollover or swap. Rollover occurs because forex trades involve two currencies, each with its own associated...
The first step to start forex is understanding the basics of how the market works. Before opening an account or placing a trade, it’s important to learn the core concepts—how currency pairs are quoted, what affects exchange rates, and how...
Traders adopt Fibonacci techniques to various financial instruments like stocks, forex, and cryptocurrencies by applying the principles of Fibonacci retracements, extensions, and ratios to analyze price movements and identify potential support and...
Gann Theory, developed by W.D. Gann, is a technical analysis approach used in forex trading to predict price movements based on geometric patterns, time cycles, and mathematical ratios. The key principles include:
A chart pattern is a distinct structure inside a price chart formed by the movements of currency prices in Forex trading. The core of the technical analysis is chart patterns, which help Forex traders indicate what prices will do next based on prior...