Forex is the largest trading market and one of the most competitive. It is also a business, and just like any other business, you need to put a planning place for success. Without a business plan, you would be opening yourself up to risks and disappointments. What is a forex trading plan? A forex trading […]
Fundamental analysis is the idea of assessing a business at the most fundamental or basics financial phase. This analysis type evaluates the key business ratios to determine its financial stability. Fundamental analysis also provided an idea of the organization’s stock trade value as opposed to identical companies. The evaluation process should consider various factors such […]
The trend of a forex currency pair depends on the volume traded. Most of the unsuccessful forex traders make the mistake of focusing massively on trend and momentum indicators while ignoring volume indicators. To have consistent wins, you should balance the analysis of the four technical indicators. These are trend, momentum, volatility and volume indicators. […]
Forex trading is very volatile hence the need of using sophisticated trading tools. One of the tools that will help you to navigate the forex market is the moving averages. Moving average is an oscillator parameter that shows the current trends in the forex market. Moving average can be used in a non-trending market to […]
Moving averages are technical forex indicators that provide vast trading information based on trading trend analysis and longevity. Moving averages do not necessarily predict the direction of trading flow but they help debunk crucial information by providing forex interdependence between the different currency pairs. They are statistically analyzed and generated which explains how they derive […]
A stochastic indicator is a forex trading oscillator that is crucially used in measuring the potential trend reversals of currency trade pairs. Stochastic indicator achieves currency trade pairs reversal measurements by comparing the momentum values of the trading pairs through the closing price and trade range over a set period. What Stochastic Indicator Reveals To […]
Forex trading is a business that allows people to trade with different currencies. It is here that a forex trader buys and sells another currency. Forex trading business can be predicted via market charts but that can easily be reversed and bring different results. For one to be a good forex trader, one ought to […]
Bollingers are a sort of detailed analytics that dealers use to plot design lines that are two deviances from the SMA cost of securities. The goal is to assist a vendor with acknowledging when to enter or leave a circumstance by recognizing when an asset has been overbought or oversold.
Like in any other trade, forex trading which involves selling and buying of currencies, has some key terminologies that every person who wants to succeed and excel in the profession should be familiar with.
Forex trading is a lucrative venture for those who take their time to gain the required skills. However, there are many who have lost thousands in investment cash dabbling in forex as a get-rich-quick venture. Which is not what forex trading is.