One of the important components of successful intraday trade is the speed factor: sometimes sudden changes of behavior of the market demand an immediate reaction from the trader. Especially sharp and active fluctuations of schedules and quotations...
Wolfe waves consist of several map waves that generate a very different series. Wolfe wave pattern is named Bill Wolfe, a trading guru. He found that if consumer behavior continues within a food supply chain and makes a false collapse on the fifth...
The term 'Pip' is commonly mentioned in forex trading and so it is important to be aware what it is. Pip is short for percentage in point, or price interest point. This refers to the smallest price move which an exchange rate can make, and you will...
It depends on the move at play and the timing of my entry. Sometimes I can target 20 pips a day, and sometimes 40 pips. I do not go for more than 40 pips in a day. If the entry does not look too good, I can even go for 10 pips and forgot about...
Which chart is useful? 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 24 hours,1 week, or 1-month chart.
Understanding of basic world economic theory can help you in forex trading. The relative values of currencies around the world in relation to one another change because of a host of economic factors. Some of the factors include:
One of the most popular MACD signals has been signal line crossover. The MACD line' 9- day EMA is the signal line. It trails the MACD as a moving average of the indicator, making it easier to spot MACD turns. When the MACD rises and crosses above the...
Some of the traders think that forex is easy, while come think it is not so easy. According to me, forex is easy if you have all the knowledge about forex. If you know what should do and what should not do than forex is easy for you. Those who have...
First and most important is easy to use and without fees. It works on all devices and mobiles, presence of drawing tools and technical indicators. Life uploading and downloading market indicators and experts.
Micro lots are the smallest tradeable lot available to most brokers. A micro lot is a lot of 1000 units of your account funding currency. If your account is funded in U.S. dollars, this means that a micro lot is $1000 worth of the base currency you...