A cross currency refers to a currency pair that does not include the U.S. dollar (USD). In the forex market, currency pairs involving the USD are called major pairs, such as EUR/USD or USD/JPY. However, when a pair like EUR/GBP (Euro/British Pound)...

Position traders typically focus on markets or assets that exhibit long-term trends, as their strategy involves holding positions for extended periods, ranging from several months to years. The most common markets or assets for position trading...

A white or green brick on a Renko Chart typically represents upward price movement. Unlike traditional candlestick charts, which show price movement over specific time periods, Renko Charts are purely price-based. A new brick is formed only when the...

The Deutscher Aktienindex, or DAX, is one of the most widely known indices in the world. As well as tracking the value of the 30 largest companies listed on the Frankfurt Stock Exchange (FSE), the DAX price is updated in real time. Furthermore, you...

Insurance in forex trading refers to a type of financial protection that safeguards traders against potential losses. It works by allowing traders to pay a premium in exchange for coverage against potential losses in their trades. The insurance...

The Money Flow Index (MFI) is a powerful technical indicator used by traders to assess the strength of money flowing into or out of a security. Calculating the MFI offers several advantages:

Forex rebate providers offer a valuable service to traders in the foreign exchange market, delivering several benefits that can enhance profitability and trading experience. These providers have gained popularity due to their ability to help traders...

In the world of trading, the term "Forex God" may sound mythical or elusive, but it’s a term used by traders to describe someone who has mastered the art of trading in the foreign exchange market (forex) with remarkable skill and consistency....

The best market bid/ask prices are the most important aspect of no dealing desk forex brokers. They offer their clients market prices in exchange for a fee because they have access to a large number of liquidity providers. Commissions are their...

This is a very common saying in forex, and most probably you heard of it too. Trend is indeed your best friend as as long as you manage to establish the trend you will be able to see the direction the price is travelling and what is most likely going...