Forex trading

Here, the approach is more widespread and considers all kinds of capital flows. For instance, the interest rate is another factor that investors often consider while investing in the market of a certain country. Since the price movement is horizontal in a sideways market, it offers fewer trading opportunities to the day traders. It is a slow market and better suited for the ones who are planning to buy and hold. No trading market stays stable forever; the sideways market will change as well.
Te […]

Along with figuring out how to use your demo account, you should start to educate yourself about forex trading and the currency pair or pairs you want to work with – more on this in a moment. It gives you a sense of how things work in real life – from the technical point of view. That’s also one of the best tools to feel familiar and comfortable with your trading terminal, personal area, and related applications. So you will be already technically savvy and practically prepared to d […]

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 […]