The falling wedge pattern is bullish. When combined with the rising wedge formation, these two form a powerful pattern that indicates a change in trend direction. A falling wedge pattern is generally considered a reversal pattern, though there are...
A "piercing pattern" is a two-day candlestick price pattern that indicates a likely short-term change from a downtrend to an uptrend. On the first day, the pattern has a trading range of average or greater size, with the opening around the high and...
When the RSI exceeds 70 and falls below 30, the market is said to be overbought, and vice versa. These conventional levels can also be changed to better suit security if necessary. For example, if security is consistently approaching the overbought...
CMC Markets' MetaTrader 4 (MT4) offering has fewer tradeable symbols, but the addition of Beeks VPS, as well as Autochartist and FX Blue plugins in 2021, has greatly improved it.
HFM is a multi-asset broker that provides Forex and Commodities, formerly known as HotForex, via CFD trading services with a choice of 7 account types and trading platforms and tight spreads averaging EUR USD 0.1. The broker provides unrestricted...
Trading Forex is most effective, profitable, and powerful when you pay attention to whether or not there is a long-term trend or range in any currency pairs or crosses, especially the major ones; and, if so, in which direction that trend is headed....
A working order is a catch-all phrase for a stop or limit order to open. Working orders instruct your broker to execute a trade when an underlying asset reaches a predetermined price. This means that your broker knows how you want to trade ahead of...
It is important to understand that the Dollar Index does not measure the dollar's value in its entirety. Currently, just six other world currencies are considered when calculating the index. According to the index, these currencies have the following...
The Phillips curve essentially describes the relationship between inflation and unemployment as inverse, implying that lowering inflation will lead to higher unemployment. This principle can thus have a significant impact on economic policies aimed...