Python is not just powerful for writing algorithms, but it is also easy to use, making it an excellent choice for traders. Python supports functional programming, which makes writing algorithmic trading structures easier. The pyodbc module, for...
A micro lot is one-tenth the size of a regular lot, which is 100,000 units (or 10,000 units) in size. One pip of a currency pair based on U.S. dollars is equivalent to $1.00 when trading a micro lot, but one pip is equal to $10.00 when trading a...
With CMC Markets, a publicly traded company that has been trading CFDs and forex for decades (LSE: CMCX), your money is safe. CMC Markets is required by the FCA to keep customer funds separate from its own (unless you agree otherwise). CMC will be...
Tom Demark, a well-known technical analyst and trader, pioneered the use of pivot points. Demark Pivots are not the same as the other sorts of Pivot Points that have been mentioned so far.
Often, a buy-stop order is used to protect against uncovered short-stage losses. Short positions are opened by investors who expect that the price of the securities will fall. Investors might purchase lower-cost stocks and profit from the price...
In countertrend trading, the trader attempts to profit from price movements that are contrary to the current trend. Often, countertrend traders fade the trend in the hope of catching a short-term price pullback or a trend reversal.
In the currency market, investors can make significant gains while also incurring significant losses due to the tremendous leverage present. To manage their holdings, investors should use a trading strategy that includes stopping and restricting...
Forex traders predict that previous significant levels may reappear in the future. When the market sank to this support level and then rebounded, the market saw this level as an attractive spot to buy. Therefore, a return to that price level by the...
Bonuses are granted between Forex brokers and their clients in a straightforward manner. First, you must deposit funds into your trading account with your Forex broker. The Forex broker then credits your account with the bonus they gave you in the...