Two of the biggest questions among many beginner forex traders are whether forex trading is addictive and if it’s merely another form of gambling. These are well-founded questions because forex trading can be addictive. It can also resemble gambling for many traders, but that doesn’t mean that it is gambling. So, Is Forex Trading Just […]
The vast majority of traders have learned to trade with candlesticks, line charts, and bar charts. This is a standard trading setting that welcomes novice traders to make sure their familiarization with charts is as smooth as possible. Heikin Ashi, which stands for “average bar” in the Japanese language, is a technique for reading charts […]
Originating from the Stock Exchange, the term Bulls and Bears is now often used in most financial markets, including the Forex market. As we know, market conditions are constantly fluctuating due to economic situations around the world, but knowing more about Bulls and Bears would help you in profiting from trading in the Forex market. […]
TradingView is one cutting-edge web-based charting platform that is disrupting the trading world with its features. Knowing how to use this platform can give your charts an edge in the market. But before we get into the details, let’s take a sneak peek at how to use TradingView. To use TradingView: Go to the TradingView […]
Harmonic patterns are some of the most popular chart formations in Forex. They are characterized by geometric structures that are focused on generating a buy/sell signal for a trader. The Butterfly pattern is defined as a harmonic reversal chart formation. After a series of measured moves, both in the direction of the overall trend and […]
As Forex traders, we all know and understand the importance of having good risk management when we trade in the market. The level of risk management used in trading is proportional to your success rates when it comes to trading. This would in turn benefit you down your trading journey, in time to come. The […]
The forex market is fast-paced, so much so that it’s easy to overlook how a winning trade can easily turn into a losing position and leave you with considerable losses. Good thing that a TakeProfit order exists, right? On that note, let’s start by giving a quick answer to the frequently asked “what is a […]
Often, many people of vastly different backgrounds come into the Forex trading scene, in hopes of getting rich overnight. These potential traders are inspired by the profits made by some of the famous Forex traders with hopes that they are able to strike it big in the Forex market. Out of all who try trading, […]
Harmonic chart patterns have grown in popularity in the past few years. Although they are considered more advanced chart patterns, new traders have also shown a strong appetite for learning about how to draw and trade harmonics. The Gartley pattern is defined as a harmonic chart formation that helps traders to generate, buy, and sell […]
With a daily trading volume of over $6 trillion and close to 10 million active traders, it’s clear that the forex market is an attractive investment option. However, forex trading comes with some inherent risk and a stop order is one money management tool many traders rely on to minimize this risk. This leads to […]
