A pullback to $0.64 would represent a buying opportunity before Ripple rises to $1.17. A close below the $0.92 support will call into question the bullish thesis. The XRP price has been downtrend for over two weeks, implying that a short-term reversal may be approaching. Market participants must watch two near support levels that […]
Tips For CFD Traders
The past decade has seen Contracts for Difference (CFDs) grow immensely, and the curve is expected to continue to even greater heights. CFDs are popular because they allow you to make short-term investments with low capital. However, just like any investment, CFDs come with their own risks. They may be an attractive way of investing, […]
3 Minimum-Risk Forex Trading Techniques that Work in 2021
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. […]
Why Trading Forex CFDs Is a Good Idea
You have probably come across the typical traders’ worry, “Is trading CFDs a good idea?” Some traders will advise you to keep off forex CFD trading because itis a gamble. And could lead to a 70% to 80% loss to your trading account. That begs the question: if forex CFDs trading is not a viable […]
Comparative Study Between Fundamental and Technical Analysis
The art of value investing requires a variety of techniques, one of which is an appropriate strategy. In analyzing the financial market and predicting outcomes, there are two schools of thought-Fundamental and Technical analysis. These two strategies can be used either individually on their own merits or combined to maximize results. At face value, […]
Your Guide to Understanding Technical Analysis
Technical analysis is a trading course used to assess investments and pinpoint trading prospects by assessing statistical trends such as price changes collected from trading activities. Technical analysts believe historical trading activity and security price variations can be prized indicators of the security’s potential price changes. However, technical analysis can be confused with fundamental analysis, […]
Understanding Technical Analysis In Stock Trading
Analyzing financial markets is important to any investor. The technique used to analyse will be determined by multiple factors, such as whether the investment is long term or short term and also the kind of trading the investor wants to get into. Technical analysis is a form of prediction of changes in stock prices based […]
Who Is a Floor Broker in Forex Trading?
A floor broker also referred to as a pit broker, is an autonomous affiliate of a trade who is certified in the execution of exchanges for merchants on the trading floor. The aim of a floor broker is to get the best prices for the merchants by competing against other traders. Hence, floor brokers are […]
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 […]