The RSI is a momentum oscillator indicator that is commonly used to detect overbought and oversold conditions. Welles Wilder, who created the indicator in 1978, believed that looking for divergences to help identify potential changes in trend was the...
The foreign exchange market, or forex, has garnered significant attention from individuals worldwide due to several key aspects that capture their interest. One of the primary factors is the potential for substantial profits. Forex trading offers the...
Heiken Ashi is a chart pattern that is used in technical analysis. Heiken Ashi charts are similar to candlestick charts, with the main difference being that Heikin Ashi charts use daily price averages to show an asset's median price movement.
There are many currency pairs to choose from as there are so many currencies in the world. However, Major currency pairs are the most popular ones by far. For instance the EUR/USD is the most traded currency pair, with the USD/JPY being also rather...
Economic cycles significantly influence currency trends as they reflect the overall health and performance of a country's economy. During the expansion phase of an economic cycle, characterized by robust growth, low unemployment, and increased...
The Hanging Man candlestick pattern is a bearish reversal pattern that indicates the potential end of an uptrend. The pattern is formed when a small real body is located near the top of a trading range, with a long lower shadow. This suggests that...
Social trading is a relatively new approach to investing that allows individual investors to benefit from the knowledge and expertise of professional traders and other investors. There are several benefits of social trading for individual...
Controlling your temper while trading is crucial for long-term success in the markets. Emotions can cloud your judgment and lead to impulsive decisions that can result in substantial losses. To control your temper, start by setting clear goals and...
There have been success stories, and some even claim they became very rich thanks to forex trading.