Support and resistance levels are considered critical for profitable Forex trading, but some claim they cannot be identified. Moving averages, pivot points, and other derived indicators usually serve as levels of support and resistance. However, this...

Trading, as in most trials, requires that you start at the end and work backwards to create your plan and determine what type of dealer you should be. Dealers who are most successful have plans, and they may even have several plans that work...

For forex traders and investors, the economic calendar serves as a good guide and navigator. Trading forex can be planned with the help of the global economic calendar. Also, the currency economic calendar provides awareness of chart patterns and...

A reliable broker must have insurance for the client's money. A good broker never makes it difficult for its clients to make payments, especially withdrawals. Brokers must accept common payment methods including bank transfers, credit cards, and...

Traders who use scalping techniques attempt to achieve the same results as ticket scalpers. The goal is not to win big. Stock scalpers, on the other hand, are interested in accumulating dozens (or even hundreds) of small wins in order to make money....

I use an offshore forex broker for my trading, and I have been getting the following benefits:

The pending order type allows you to place an order either at a price that is lower than the current market price, or at a price above the current market price, and the order will be automatically executed when the price reaches the price we have...

To place a purchase or sale order, you must first fill out an order form. Metatrader allows users to access order forms in several ways, including:

The volatility in a currency pair is the degree of variation in the exchange rate over a given period. There are many factors that can lead to a change in price, with some major ones being macroeconomic factors, supply and demand for an underlying...

Beginner traders should focus on money management. There are many strategies to choose from in the foreign exchange market. But strategies are not facts. You would be a loser trader if you do not have proper money management. It is true that every...