We often come across stories where Forex traders talk about becoming rich by doing forex trading and now enjoying a very wealthy lifestyle. Yet, many of these online tales conclude with a prompt to sign up with a Forex broker or purchase a guaranteed trading system. While it’s wise to dismiss such accounts as mere…
Gold is often referred to as a “safe haven” because it has maintained its value during periods of market uncertainty. It is widely regarded as a means to safeguard against economic uncertainty. Although gold is a part of our daily lives, the idea of gold trading can appear intimidating for newcomers. This article will simplify…
This article examines the best times to trade forex, emphasising trading sessions, liquidity, volatility, and timing strategies. It offers insights on how to refine your trading schedule and enhance your strategies. Determining the best times to trade currency pairs is complex and varies based on multiple factors. Given that the forex market functions continuously for…
A forex trader’s success depends not just on their strategy and analysis, but also on how they think and respond to market changes and outcomes. The trading psychology involves the mental state and conduct of the trader. Ultimately, the forex market is not suited for those lacking courage. To achieve success as a forex trader,…
In Forex trading, currency pairs are the price quotes between two different currencies within the Forex (foreign exchange) market. The first mentioned currency is known as base currency and the second currency is the quote currency. The forex currency pair compares the value of base and quote currency. It shows how much quote currency is…
People new to the financial market may confuse the terms ‘Trading’ and ‘Investing’. The main difference between trading and investing is that trading is for short-term players affected by market trends’ rise and fall. On the other hand, Investing is a long-term investment done by a player who invests even if a market is volatile,…
Bitcoin halving is the process in which the reward for Bitcoin mining is cut in half. Bitcoin Halving takes place after every four years. The halving policy was written into Bitcoin’s algorithm for counteracting inflation by maintaining scarcity. According to this theory, the reduced pace of Bitcoin means that the demand will remain constant even…
Forex news trading focuses on economic data, current events, and significant happenings rather than traditional techniques like technical analysis. News trading prioritises fundamental analysis, allowing traders to predict market changes by evaluating economic indicators and global occurrences. Nowadays, platforms such as Twitter and Reddit significantly affect trader sentiment, as information disseminated through these channels can…
In the realm of forex trading amidst fluctuating markets, effective risk management is crucial. A key advantage offered by numerous regulated brokers is Negative Balance Protection (NBP). This feature serves as a safeguard, guaranteeing that traders will not incur losses exceeding their deposited funds. Regardless of whether you are a novice or a seasoned trader,…
Analysts rely on trendlines in forex as crucial tools for their technical analysis. These traders prioritize recognizing market trends over fundamental factors such as past business performance or current news. One effective method they use to achieve this is by accurately drawing trend lines on price charts. When it comes to recognizing patterns, trendline trading…
