Dollar Elevated in the Hope COVID-19 Recovery, Euro Agonize Growth Disparity
Dollar Elevated in the Hope COVID-19 Recovery, Euro Agonize Growth Disparity The Dollar was moderately high on Wednesday morning in Asia, trading almost a two-month high against the Euro as traders are worried because of the ongoing circumstances of Europe’s pandemic recovery. The Gross Domestic Product in the 19 countries sharing euro declined by […]
How to Trade Breakouts?
The Breakouts in Trading will occur when the price breaks out some kind of consolidation with the effective trading range.
How to See the Economic Calendar?
The Economic calendar will help to highlight the important data events and the economic data that are being released according to the countries.
Brief Note on News Trading
News Trading usually reflects the strength with the given economy to indicate the future direction of the given currency price.
What is a Take Profit?
Take Profit term defined as the trading order that allows you to get the profit in a fixed or certain amount when the price reaches a certain level.
What is a Stop Loss Order?
The Stop Loss is the order in which the amount of the loss that the trader may take on trade while exiting the order.
Different Types of Trading Strategies
There is wide range of approaches for the trader to interpret the price movements and get profit into their trades. There are some of trading styles discussed below.
Japanese Candlestick Chart and Types
The candlestick chart is one of the most used charts in the forex market. Japanese candlestick will be formed by using the open, close, high, low price at the market movements.
How to Identify Market Reversal and Retracement?
The retracement and the reversal level can reduce the number of negative trades and set up some positive trades.
Technical Indicators in Forex
The Technical indicators are the mathematical tools that are used to analyze the market movements including the figures open price, High, Low, closing price, and the volume.
Forex Pivot Point in Trading
The pivot points are most widely used Technical Indicators in Day Trading. The Pivot Point will indicate that the support and the resistance levels.
What are Support and Resistance Level?
Support and the Resistance level of one of the most important terms to understand the chart pattern in Forex Trading.
Different Types of Trend Lines
The trend line is one of the most important terms used in the Technical analysis of Forex trading. There are three types of trends as given below.
Different Types of Forex Charts
The chart is basically used to show the display visual mode of the currency price. There are three main charts used in the Forex Market they are as given below.
When the Forex Market Opens?
Forex is the 24 Hours Open market on 5 business days. The forex market will be open according to the different sessions.
What is Traded in Forex?
As there is no materialistic item involved this type of trading can be a little confusing for traders at first. Forex trading is basically like buying stocks of a company.
Top Things to Know about London Trading Session
One of the most greater characteristics of the forex market is that it is open 24 hours a day. Forex Market enables the traders all over the globe to trade during the normal business hours after their work. In that session, the forex market seems more volatile.
US Nonfarm Payrolls Puts the Dollar and Pound in Focus
US Nonfarm Payrolls Puts the Dollar and Pound in Focus As we all know that today is the first Friday of the October month there is the most important day for the financial market. The US Nonfarm about to release today. Let’s have the look at the economic market outlook of the NFP report […]