There are many misconceptions about Forex trading which can be easily debunked by understanding what it is. It is often misunderstood that Forex trading is risky because of the exchange rates involved. This misconception stems from the fact that currency rates fluctuate every day, which makes it difficult for traders to predict their profits and losses on any given day. There are many more misconceptions about Forex trading and what it takes to succeed. This…
Forex traders rely on the US dollar because it is one of the most liquid, stable, and widely accepted currencies in the world. It also has a low risk of volatility compared to other currencies. The US Dollar is still one of the most popular currencies for forex traders. Here are 4 reasons why the US Dollar is still so popular The US Dollar is the most liquid and traded currency in the world The…
Investing in stocks is a risky business but it’s the best way to invest your money. . But with the right knowledge and understanding, you can greatly increase your chances of making a profit. Here are 6 reasons why you should invest in stocks. Investing in stocks is a great way to grow your money. Investing in the stock market my is a great way to grow your money. But how much should you invest?…
Bearish Engulfing pattern is a type of reversal pattern that is formed when the price of one security closes lower than the previous day’s high and then, the next day, it opens lower than the previous day’s low. An Engulfing Pattern is a pattern that occurs when a security price has risen to a point of resistance and then falls back to the same level. The result is similar to the pattern of an engulfing…
Arbitrage is the practice of taking advantage of price differences between two or more markets to generate profit. An arbitrage strategy is a trade that takes advantage of price differences between two or more markets. It may be used for speculation, hedging, and risk management. In this article, we will discuss the uses and benefits of arbitrage strategy in trading. We will also mention some strategies that can be used in arbitrage strategies. Uses of…
An abandoned baby candlestick pattern is a chart pattern that creates a bullish reversal signal. It’s important to note that the candlestick pattern is similar to the morning and evening stars which are very reliable reversal signals. But with this candlestick pattern, real bodies and shadows cannot overlap, and that makes it rare and unique. Components of the abandoned baby candlestick pattern The abandoned Baby candlestick pattern is a reversal signal that occurs after a…
Forex traders make mistakes because of greed, fear, and impatience. These are all emotions that can be a hindrance to trading. Forex traders should avoid these emotions and focus on the market instead. Forex traders should also be aware of their limitations and how they affect their trading decisions. If you keep losing then stop trading It’s true that if you keep losing, it’s natural to want to continue trading. But the truth is that…
Forex brokers are the businesses that facilitate Forex transactions. A Forex transaction involves the trading of one currency for another. However, a Forex broker does not necessarily only trade in foreign exchange. The majority of Forex trading is done with the major currencies, such as the US dollar, Japanese yen, and Euro. A trader who trades with a Forex broker will buy and sell these currencies through the broker. The broker is also responsible for…
The stock market can be a bit intimidating to beginners, but it doesn’t need to be. Being informed before you jump in is important, but knowing the basics will get you started and allow you to make educated decisions as you continue along your investing journey. When the Market is mentioned, it brings to mind many people as a solid, respectable, and profitable investment channel. For the beginner, however, the stock market is still a…
Trading stocks can be lucrative, but it’s also likely to be frustrating. You may discover that you have a knack for spotting undervalued companies that are about to experience a turnaround or that like-minded people trust you enough to buy some of their shares. But you may also find that you lose more often than you win. This is because trading stocks is inherently risky, and most of us aren’t very good at it. On…