Pattern recognition is essential when it comes to candlesticks. Piercing lines are the most important of these. If you see one, make a mental note of it. A piercing line, in general, acts as a powerful indicator of future price movement. Remember...

OctaFX broker was established in 2011 and has since become one of the leading Forex brokers that many people prefer. There are some areas where the company appears to lack nothing or excels, and others where deficiencies are discovered and can be...

The bid price is used when a currency pair is sold. One unit of the base currency can purchase a certain amount of the quoted currency.

The forex market is the world's most liquid market. Nobody can control the market. The Forex market is open 24 hours a day, 5 days a week, allowing traders to trade whenever it is convenient for them. Currency trading is involved in forex. This...

The MACD is a well-known forex indicator (Movement Average Convergence and Divergence). The primary goal of this indicator is to examine price divergence. While the disguised divergence indicates that the market is still moving in the right...

Scalping requires traders to be exceedingly disciplined and time-consuming. Scalping takes a trader's full attention since prospective entry are restricted and may be watched from afar, whereas longer-term time frames and smaller sizes allow traders...

A long position's inverse is a short position. It is possible to achieve this by selling a specific currency when its value is expected to fall. When the currency reaches the lower price, it will be purchased again. The short position is said to be...

A mini lot is equal to 10,000 units of a nation's reserve currency. Since it is one-tenth the size of a conventional lot of 100,000 units, it is called a mini lot. A mini lot, for instance, would be a trade worth 10,000 USD using US currency. A mini...

A forward contract is a secret agreement made in the OTC markets by two parties to buy a currency at a specified future price. A futures contract is a structured agreement between two parties for the payment of money at a predetermined price at a...

Forex spot trading has historically been the most popular because it includes the most "underlying" physical commodity for futures and options markets. Forward and futures markets have historically had more volume than spot markets. Nonetheless, as...