The ever-evolving nature of forex trading necessitates strategic methodologies, with the forex breakout strategy emerging as a notable approach. This strategy focuses on pinpointing essential price levels, such as support and resistance, and initiating trades when prices surpass these thresholds. In this guide, we will guide you about the breakout trading strategy, identify breakout patterns,…
In the realm of trading, numerous traders look for guidelines and strategies that can streamline the process and facilitate decision-making. One such guideline that has become increasingly popular among traders is the 3-5-7 rule in trading. Although it may appear to be a straightforward principle, adhering to it correctly can greatly influence your trading outcomes….
Forex trading can often be a daunting experience for many individuals involved in the market. With round-the-clock access to the market and a multitude of instruments available for trading, beginners may find themselves frequently altering their strategies. A significant hurdle for traders is maintaining consistency in their chosen strategies. This is where the 5-3-1 trading…
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…
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,…
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…
The EUR/USD currency pair is the most popular in the forex market. It offers many chances for traders because it is highly liquid, meaning it’s easy to buy and sell, and its price can change quickly. Knowing the best time to trade EUR/USD can greatly increase your chances of success. Timing your trades is important…
Gold has been a valuable commodity for millennia. Even with fiat currency dominating as the primary means of exchange, gold in forex remains a favoured choice both as a safe-haven asset and a trading tool. If you’re thinking about entering the gold market or seeking strategies to boost your profits from it, check out these…
Is it possible to grow $100 to $1000 via Forex trading? This isn’t merely a fantasy, it’s a challenge that numerous traders have embraced and achieved with the right mindset. Forex trading holds significant potential, but it requires a solid strategy, discipline, and patience to yield results. This guide will provide you with practical steps…
If you’re keen on Forex trading but lack the time or tendency to keep a constant eye on the market, swing trading might be just what you need. The swing trading in the forex approach focuses on striking a balance. It holds onto trades for several days to weeks, allowing you to take advantage of…
