In the world of forex trading, spreads play a pivotal role in determining the cost of trading and can significantly impact a trader's profitability. A spread refers to the difference between the bid (selling) price and the ask (buying) price of a...

A Gravestone Doji is a significant candlestick pattern in technical analysis, often signaling a potential reversal in price direction. It is characterized by a long upper shadow, little to no lower shadow, and an open and close price that are nearly...

A bear is an investor who believes that a particular security, or the broader market is headed downward and may try to profit from a decline in stock prices. Typically, bears are pessimistic about the state of a market or economy. In the case of an...

In Elliott Wave Theory, a Flat Wave is a common corrective wave pattern within the broader market cycle. It is characterized by a three-wave structure labeled as A-B-C, where the waves move sideways or in a horizontal range rather than trending...

A Thrusting Pattern is a two-candlestick formation in technical analysis that signals a potential bearish continuation in a downtrend. It occurs when a long bearish candle is followed by a bullish candle that opens below the previous candle’s low...

In trading, a Death Cross is a significant technical indicator that occurs when the 50-day moving average crosses below the 200-day moving average on a price chart. It is considered a bearish signal and is closely monitored by traders and investors...

A pivot point is a significant price level in technical analysis of a financial market that traders utilise as a predicted signal of market movement. A pivot point is determined as the average of important prices (high, low, close) from the previous...

A forex broker is a corporation that offers traders a platform to buy and sell foreign currencies. Forex is the abbreviation for foreign exchange. Forex transactions are almost always made between two different currencies. The term forex broker is...

Automated trading systems offer several key advantages for traders and investors. Firstly, they provide the ability to execute trades with high speed and precision. By eliminating human emotions and manual errors, automated systems can swiftly enter...

As a beginner trader, here are the general steps to follow to start currency trading: