Forex trading has become the most lucrative financial market in the world-trading almost $7 trillion every day! For new traders and pros alike, this market provides the opportunity to compete at the highest level, but only if you know what you are doing. For most people, the forex market is volatile, risky, and unpredictable. […]
Category: News
Things Successful Forex Traders Do
Remember the saying, “Show me your friends I will tell you who you are”? It is true, one’s friends or the people you spend time with really define who someone is. It is about one’s behavior and the attitude one carries when doing what they do. The mindset that one has should not be an […]
How You Can Use Fibonacci Retracement with Trendlines
The Fibonacci retracement is defined as a technical indicator that identifies support and resistance levels. It has retracement levels of 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100%. The Fibonacci retracements, unlike other indicators, cannot generate buy and sell signals directly. They instead act as guides alongside other indicators to make sound trading decisions. On […]
Common Forex Trading Mistakes
When one is new to a business, they tend not to be too confident in the undertakings of it. This may lead them to make errors once in a while communicating to a client or explaining how a product is beneficial. A client is won by knowing that the product they are buying is worth […]
How to Use Stochastic Oscillator to Create Your Forex Trading Strategy
It is a common trend to use a momentum indicator like stochastic oscillator to pinpoint potential trend reversals in Forex trading. Stochastic oscillator measures momentum by comparing the closing price to the trading range over a period of time. On the chart, stochastic oscillator is represented by two lines. There is the %K which is […]
Reasons Why Forex Traders Fail
When one ventures into a business, they get in having high hopes. There is always a future in someone one has ventured into. Unfortunately, it is not all businesses that are rosy. Sometimes people do it all right. They have the right capital, are in the right niche, and have targeted who is going to […]