It is possible for traders to discover entry zones, target prices, or stop-loss points using Fibonacci levels. A lot depends on the setup, the tactics, and the personal style of each player. Such strategies are designed to take advantage of the...

News will affect all of the related currencies. If any happens which can make a change in NZD, it will create an impact on all NZD related pairs. SO you have to be very careful about that. I think trading with news is really an important thing in...

Forex web trading refers to the process of trading foreign exchange (Forex) through a web-based platform accessible via an internet browser, without needing to download or install any software. These platforms, hosted by brokers, enable traders to...

A Simple Moving Average (SMA 55) and an Exponential Moving Average (EMA 55) are both technical indicators used to smooth price data and identify trends in financial markets. Still, they differ in how they calculate and react to price...

In the foreign exchange market, a currency quotation is used to represent the variable amount of foreign currency necessary to purchase or sell one unit of the local currency. Indirect quotes are also known as quantity quotations since they represent...

The Ichimoku Kinko Hyo indicator can be used in day trading strategies to identify potential trading opportunities. Traders can use the indicator to identify trends in the market and look for entry and exit points based on the signals generated by...

In the realm of forex trading, the fundamental difference between a bullish and bearish strategy lies in the anticipated direction of currency value movements. A bullish strategy, commonly associated with optimism and confidence in market conditions,...

Money management entails determining how much money we have in our trading account and how many trades we can make in which pair. When we find a good trading opportunity, we must use the standard lot size and enter the trade. Risk management is also...

The H4 (Four-Hour) chart is a popular timeframe for swing traders due to its balance between detail and broader market perspective. One key advantage is that it filters out much of the noise found in lower timeframes, such as the 15-minute or 1-hour...

To draw a vertical line in MetaTrader 5 (MT5), follow these simple steps: