Posts Tagged ‘Forex trading’

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Candlestick Patterns — Spinning Tops Candlestick Patterns

In this video, you will learn about spinning top candlestick pattern. A spinning top candlestick consists of a small body and long wicks above and below the candlestick. When it appears at the end of a trend, they represent indecision in the market. Neither the bulls nor the bears are in control. They look similar in appearance to a doji candlestick, except that the doji candles have no real body, and the open and the close prices are the same. […]

What Do You Do When There Is no Clear Opportunity in the Forex Market?

What should forex traders do when there no trading opportunity spotted on a chart they are trading? This question is answered in this video. Trading is not only about using your forex strategy, but the discipline to follow it. If your strategy don't find a suitable entry for you in the chart, then you should wait and not enter a trade hastily. It is better to wait […]

Types of Forex Trading Charts

Lines are chart are drawn using a line that represents the price. It can be open, close, or high price for that time interval. However, trading using line charts is a bit difficult as it does not show the market sentiment clearly. Bar charts are a bit clearer than line charts. They show a session's open, close, high, and low price. However, they are less […]

How Price Moves in Forex Market

In this video, you will learn about the factors that control changes in price in the forex market. Decisions by traders: Forex market is a huge market in terms of volume. In this market, the participants include retail traders, banks, hedge funds, market makers, speculators, etc. The market is driven by chaos, that is everyone sees the market in a different way. Those who perceive it as bullish, buy the assets, and those who […]

What If You Miss an Opportunity for Trading in Forex?

If you are leading a normal life to carry out other duties and responsibilities, besides trading, then sometimes you find yourself lose a wonderful trading opportunity go by. However, this is not unusual, but happens quite a lot in the world of trading. You might have missed out a big trend. You have missed that opportunity to make big money. But don't worry. You should […]

What Is Our First Responsibility as a Forex Trader?

When you start trading forex using a live account, you are not expected to trade like big banks do. Instead you should start slowly and gradually progress. The idea is you should learn to survive first, just like any other business do. You need to go through the learning curve by investing in quality forex education and practice in a demo account before going live. If you […]

Understanding Pip in Forex Trading

For pairs like EUR/USD, GBP/USD, the pip value is taken from the 4th digit after the decimal point. For example, the EUR/USD pair is trading at 1.1722. When the rate changes to 1.1724, then the price change is represented as 2 pips. For yen- based pairs, this is taken from the second digit after the decimal point. For example, the USD/JPY pair is trading at 114.22. And the rate changes to 114.25. There is a price […]

Forex Strategy — Using Single Moving Average to Enter

In this video, you will learn about a forex trading strategy of how to trade using a single moving average instead of a moving average crossover. On your MetaTrader platform, you can find the moving average indicator and add it to your chart. You can choose the 10-period moving average. You can use this strategy on the 1-hour chart. When you see a bullish candle closing above this moving average, […]

Easy Forex Explanation and Ways to Make Money

By watching this video, you will learn about the forex markets and how you can trade in this market. Forex is one of the largest financial markets in the world. Daily volume is around $4 trillion, larger than all the stock markets combined. So, this is a market of huge volume, which leads to liquidity, hence more trading opportunities for you, round the clock. Forex market starts in Sydney, moves […]

What Is Bid and Ask? — Forex Trading

People who are new to forex trading often want to know what bid and ask price are. In this video, you will learn about it. If you think as a speculator, that the euro will appreciate against the US dollar, and your online broker gives you a quote for the EUR/USD pair, say 1.1740/1.1742, then you can buy 1 euro with 1.1742 US dollars. Here, the 1.1742 is […]