When analysing Fair Value Gaps (FVG) or Order Blocks (OB) in smaller time frames, several key factors must be considered to enhance trading accuracy:
Sentiment analysis is an important tool used in forex trading to analyze the emotions and opinions of market participants towards a currency pair or the market as a whole. By examining various sources such as news articles, social media posts, and...
Inflation plays a crucial role in forex markets because it directly impacts a currency's value and purchasing power. When a country experiences high inflation, its currency tends to depreciate as the increased cost of goods and services reduces its...
The Three Black Crows is a bearish candlestick pattern used in technical analysis to signal a potential reversal of an uptrend. Three consecutive long-bodied bearish (red or black) candles open within the previous candle’s body and close near their...
Long-legged doji and dragonfly doji are two distinct candlestick patterns used in technical analysis to assess market sentiment and potential trend reversals. Despite some visual similarities, they have key differences that traders should be aware...
The Aroon Oscillator is a technical indicator used in Forex trading to identify trend strength and potential reversals. It is derived from the Aroon Up and Aroon Down lines, which measure the time since the highest and lowest prices over a given...
The piercing line pattern is a bullish candlestick reversal pattern that can be utilized in trading to identify potential buying opportunities in the market. It consists of two candles, with the first being a long bearish candle and the second being...
One of the many advantages of robotic forex trading is its ability to execute trades faster than human traders. A human trader could never hope to assess market data and make deals in the milliseconds that a robot can. It enables robots to profit...
Throughout forex, a lot size is 0.01. It is a micro lot size, which indicates that only trade with this lot size will require 10 pips to yield a profit of $1. To generate a profit of $10, you'll need to trade 100 pips. You will risk the same amount...
The United States Dollar (USD) serves as the base currency in many financial markets and international transactions for several compelling reasons: