Forex trading

However, if the market suddenly reverses or consolidates, you may lose all of your investment. There are numerous trading strategies in the world, and you have to choose the right one for you. The Forex market is the world’s biggest financial market, with a daily turnover of 6.6 trillion US dollars. But it is highly doubtful that those same wealthy millionaires weren’t working their butts off at some point in their life.
In terms of freedom though, the ceiling has been smashed wide […]

Take profit once we break in the opposite direction of the 200-day MA. Only buy above the 200-day MA once you have two Heiken Ashi candles pointing to the upside. Conversely, we’re going to sell only below the 200-day MA once we have two Heikin Ashi candles pointing to the downside. If you get a gray bar while in the trade, expect the trend to stall.
It applies the set of two moving averages to smooth the price information provided by the Heiken Ashi. Heikin Ashi has a easy and effortless […]

The price rises, forming an X-to-A leg higher, then pulls back, retracing less than 0.618 of XA. Then there is another move up as shown by “BC”, which retraces 0.382 to 0.886 of wave AB.
As a trader, you have to know the pitfalls of your trading approach and apply proper risk management. Thus if you were to choose an impulse leg, C & D would provide an additional confluence to your trade. Because the more confluence you have, the higher the probability of your trade. A possible […]

The downside of grid trading is when the price is ranging or whipsawing. With this type of market, you could have multiple orders entered into only for the price to reverse and put you into a losing position.
Once the grid is created, it takes one click to activate, the system will automatically buy or sell orders at preset prices. The more frequent fluctuations in the set price range, the higher the profit.
Many grid traders will cancel the opposing orders as their grid opens. For example, if […]

When central banks increase their reserves, they limit supply in the market, which consequently boosts the price of Gold. Conversely, if a country decides to sell gold and floods the market, of course, this will impact the price of the asset by dropping its value. The influence of central banks goes beyond buying and selling the physical commodity. Central bank tools, such as setting interest rates as well as monetary policies, like quantitative easing, can influence underlying global economic […]