The relationship between forex and the economic calendar is deeply interconnected, as the economic calendar provides scheduled announcements of key economic indicators that influence currency prices. Forex traders closely monitor this calendar to...

Trend trading requires less time, whereas day trading necessitates monitoring daily movements and multiple instruments. Trend traders may keep track of their trades for weeks, months, or even years. This is an excellent situation for busy...

In a trader's trading career, there will be times when the trader takes on excessive risk because he believes something will work out, but it does not. Markets may remain insane for much longer than most individuals can remain solvent. Trader...

The Commitment of Traders (COT) Report is a weekly publication by the Commodity Futures Trading Commission (CFTC) that provides insight into the positioning of different market participants in the futures markets, including the foreign exchange...

Grid trading is a strategy that involves placing buy and sell orders at predefined intervals above and below a set price, creating a "grid" of orders. One major advantage is its ability to profit in sideways or ranging markets. By capitalising on...

Becoming a profitable forex trader requires discipline, a well-defined strategy, and a commitment to ongoing learning. Start by mastering the basics—understand how currency pairs work, how to read charts, and the role of economic indicators. Select...

Closing losing trades in forex is essential for preserving capital and maintaining long-term profitability. In trading, losses are inevitable; however, how a trader responds to them determines their overall success. Holding onto losing trades in the...

Trendlines are one of the most basic and versatile tools used by traders to identify potential support and resistance levels. A trendline is simply a straight line that connects two or more swing highs (in an uptrend) or swing lows (in a downtrend)....

The strategy that does not lose in trading is a highly sought-after concept. However, it is important to note that there is no single strategy that guarantees profits in trading. The market is unpredictable and can change rapidly, which can lead to...

Notable hawks refer to individuals or groups of people who are known for their hawkish stance on monetary policy. In the context of the Federal Reserve, hawks tend to prioritize controlling inflation over promoting economic growth. They advocate for...