Bollinger Bands are a popular technical analysis tool that can be used to identify breakouts and reversals in financial markets. Developed by John Bollinger in the 1980s, Bollinger Bands consist of three components: a middle band (usually a simple...
Sentiment analysis is the process of using natural language processing and machine learning techniques to identify and extract subjective information from text data. In the context of forex algo-trading, sentiment analysis can be used to analyze news...
Moving averages are essential tools in the world of finance and technical analysis. They are used to smooth out price data, highlight trends, and make it easier for traders and investors to make informed decisions. Among the various types of moving...
A Flag Chart Pattern is a popular continuation pattern in forex trading that signals a brief consolidation before the previous trend resumes. It resembles a flag on a pole, where the "pole" represents a sharp price movement (up or down), and the...
This is the structure of your trading strategy. Ensure that you have a specific notebook for taking notes, tracking your thoughts, and recording your travels.
This is an option for everyone who intends to trade in any market. Most trading instructors will use percentages such as 1%, 2%, or even 5% of total account value every deal, but how comfortable you are with these quantities will depend on your...
Slippage occurs during trading when there is a discrepancy between the expected price of an asset and the actual price at which the trade is executed. It is a common phenomenon in fast-moving or volatile markets, and it can affect both buy and sell...
Forex trading requires proficiency in exchanging skills and techniques, just like any other job. Gaining the essential trading knowledge and practice to shape your trading career by learning from successful and experienced Forex dealers is probably...
Stop loss (SL) and take profit (TP) are essential risk management tools in forex trading. They help traders protect their capital and maximise profits, ensuring disciplined and strategic trading.
In forex, pips, lots, and leverage are interconnected and crucial for understanding risk and profit potential.