The power to project strong price level(s) in the future is the purpose of Fibonacci’s retracement in trading. These levels can be used on a live chart to mark potential areas of retracement, pausing, and ultimately reversal, or resumption of the original trend. This phenomenon makes this method, one of the oldest around, valuable in…
Summary: Tech giants like Apple, Microsoft, and Nvidia, as well as energy leaders like Saudi Aramco, are some of the largest companies in the world in terms of market capitalization. These biggest corporations drive innovation, shape global trends, and influence various economies. In this article, learn about the top 10 companies in the world and…
Speculative trading is a widely recognized concept that encompasses various market activities you might have come across during your studies. It refers to the practice of buying and selling assets with the expectation of making a profit based on future price movements. Speculators play a crucial role in financial markets, as they provide liquidity and…
Have you ever caught yourself trading excessively and later regretting it? You’re not alone. Overtrading in forex is a frequent pitfall for both novice and seasoned traders alike. This habit can quickly deplete your account, introduce unnecessary stress, and hinder your long-term objectives. Research indicates that overtrading is a primary factor contributing to failure in…
Judging from the name ‘reciprocal currency’ we can think of the opposite currencies. But what is the real meaning of it? Therefore, we call a forex pair a reciprocal currency when the US dollar isn’t the base currency. Rather than this, the US dollar will help in finding the value of the base currency as…
The MACD trading strategy has two lines. When these lines cross, it’s like a secret signal for traders. A bullish crossover, where the MACD line surges above the signal line, suggests that the market is gearing up for a thrilling upward journey. It’s a green light for traders to potentially buy and ride the wave…
Investors often find themselves parting ways with assets that have yielded positive returns while hesitating to sell those that have resulted in losses. This tendency is known as the “disposition effect,” rooted in the concepts of loss aversion and the desire to avoid regret. Numerous studies have highlighted this behavioral bias. The existence of the…
The word pip can also be written as ‘percentage in point’ in forex trading. In the foreign exchange market, a pip refers to the minimum or smallest price change that a given exchange currency can experience. It also serves as a way to measure currency trading. People who trade, use pips to keep track of…
Forex trading attracts many in the world of global finance, connecting currencies and economies in complex ways. For many, it goes beyond just making money; it presents a challenge of strategy, analysis, and foresight. However, for Muslims, there is an additional layer to consider: the principles of Islamic finance. This choice is not only about…
Forex trading has become an appealing option for those looking to broaden their investment horizons globally. For individuals who follow specific ethical and religious principles, such as many Muslim traders, it’s essential to adopt a trading method that aligns with their beliefs. This is where Islamic trading accounts—commonly known as swap-free accounts—play a vital role….
