Hello traders, Lesson of the day is that when you see the market changing direction then you should exit the trade...
Getting rich by trading Forex can be a difficult and challenging goal. While it is possible to make significant profits through Forex trading, it requires a combination of factors such as knowledge, discipline, experience, and luck...
Technical and fundamental analysis are two complementary approaches to analyzing the Forex market and making informed trading decisions. Technical Analysis: Technical analysis involves using charts and other tools to identify trends and potential entry and exit points in the market...
Forex trading involves risk, and managing that risk effectively is a critical aspect of successful Forex trading. Here are some key steps you can take to manage your Forex risk effectively: Set a Risk Management Plan: A risk management plan should be a key part of your overall trading strategy...
Staying disciplined and patient are essential qualities for successful Forex trading. Here are some reasons why: Avoiding Impulsive Decisions: The Forex market can be volatile, and it can be tempting to make impulsive decisions based on emotions or short-term market movements...
Having a good understanding of each currency is important in Forex trading for several reasons: Understanding Economic Fundamentals: Forex prices are largely determined by the economic and political conditions of the countries whose currencies you are trading...
Continuously educating yourself and staying up to date with the latest developments in the Forex market is important for several reasons: Staying Ahead of the Competition: The Forex market is highly competitive, and staying informed about the latest developments can help you stay ahead of other t...
Hello Traders, we had a trade on EURCAD on H1 time-frame that today 13 February 23 the market already moved +1600 points of profit after the red candle and the volume confirmations appeared...
//////////////////////////////GBPJPY///////////////////////////////////////////////////////// GBPJPY SELLERS ' ENTRY LEVELS 161.35 - 163.41 - 164.33 - 164.66 - 166.62 - GBPJPY BUYERS ' ENTRY LEVELS 156.40 - 154.20 - 151.35 - 149...
A novice trader, getting into the Forex currency market , is sometimes literally “washed away” by a stream of recommendations for studying and mastering techniques, methods, tactics and strategies . The latter, in turn, require to comprehend at least thirty basic indicators...
EUR/USD: The Fed's Doves Have Turned into Hawks Again ● After the US Federal Reserve and ECB meetings, the DXY Dollar Index fell to a new 9-month low of 100.80 on February 02...
A forex trading strategy designed to make maximum profits from a long-term uptrend can be created using the Relative Vigor Index (RVI) in conjunction with other technical indicators...
The stochastic oscillator is a momentum indicator that is widely used in forex trading to pinpoint potential trend reversals. This indicator measures momentum by comparing closing price to the trading range over a given period...
The exponential moving average (EMA) is one of the most commonly utilized forex trading tools. Traders use the EMA overlay on their trading charts to determine entry and exit points of a trade based on where the price action sits on the EMA...
EUR/USD is correcting lower and trading below 1.0800. USD/JPY is rising and might aim more upsides if it stays above the 130.20 support. Important Takeaways for EUR/USD and USD/JPY · The Euro started a downside correction from the 1.1035 resistance zone...
Hello traders, Many traders believe that they need to spend much time in front of their screens in order to spot trades and be profitable. That is a wrong mindset. Today i spent 40 minutes in front of my charts and i placed 3 trades in total. I got about ten alerts and i traded three of them...
At the end of the second month of winter and after the end of all Christmas season holidays, working days continue...
In a trading system, both the entry and exit are important. A well-planned entry can set a trader up for success, but it is ultimately the exit strategy that determines whether a trade will be profitable or not...
Trading strategy for MetaTrader 4 based on the SFT indicator Oh My Scalper The strategy is suitable for any currency pairs, as well as for trading metals, indices, options and cryptocurrencies (Bitcoin, Litecoin, Ethereum, etc.) Trading can be done on any timeframe...
