The forex market is fraught with speculation and uncertainty. Every single moment counts, and one wrong step could land you in hot water. Any trader in such a business should always try to avoid using more moneybin in search of more profits.
Positive NFP figures are good for the economy, so investors will buy US dollars in anticipation of a stronger economy in the future. When the NFP is worse than expected, the US dollar falls as investors sell their US dollars.
Understanding all risks is the first step in day trading. You can then choose whether you want to day trade stocks, commodities, or currencies. Each of these markets operates differently, has different hours, and follows different rules. Prepare your...
A bearish candle is followed by a larger bullish candle in the two-candlestick pattern. The reason this is an indicator of an uptrend is that bulls are outperforming bears. The change in strength with the bulls indicates a reversal of momentum that...
A single candlestick pattern is a pattern that is created by only one candle. The 1-day candlestick chart is commonly used by traders to identify a single candlestick pattern. A doji is formed when a stock's opening and closing prices are the...
The first way to use the support and resistance trading indicator is to identify a range on a chart and buy at the support level and sell at the resistance level. When you use this support and resistance trading strategy, you essentially believe that...
Forex Trade Copier is tool is intended to copy the trade positions between forex accounts. Transactions are copied very quickly from one to second account it takes less than 1 second.
A forex VPS (virtual private server) is similar to a permanent connection that connects your trading terminal to the larger trading network.
To trade CFDs, traders must first locate an appropriate broker and open a live trading account. There are various types of CFD providers, so it's important to understand which one is best for you.