Forex Basics

March 29, 2020
Sentiment analysis in forex evaluates whether traders are net short or net long within a particular forex currency pair. It's a key tool that forex traders can use to understand how participants in the market are positioned and therefore make decisions ba
March 22, 2020
As a trader, it’s imperative that you understand the difference between stop loss and stop limit orders. Stop loss orders ensure your trade is executed at the current market price, meaning slippage may occur. Use stop loss orders if you want to ensure you
November 26, 2019
Trailing stop is a trading terminal feature that allows you to automatically drag Stop Loss order along with the price with a small lag (at a certain amount of points). The need for this feature arose due to the trivial inability of traders to be always a
November 10, 2019
Fractals are indispensable assistants for Forex traders. For the first time, the concept of “fractal” was developed and introduced in trading by the guru of technical analysis – Bill Williams – in his book “Trading chaos” published in 1995. That was the f
October 23, 2019
Islamic account is a regular account for Forex trading, but without fees in the form of interests. Under Islamic laws, Muslims are prohibited from taking or giving interests from any kind of activity. It’s with this in mind that Islamic Forex accounts wer
October 23, 2019
Probably every trader came across the abbreviation of CFD, at least once. However, if you ask traders what this means, the answer in most cases will be something like this: “It’s a kind of Forex, but only for stocks.” In principle, it’s close to the truth
October 7, 2019
“Double top” and “Double bottom” patterns represent classic models of price behavior that occur after a long-lasting trend is established, while “Double top” pattern can be found after an established uptrend, and “Double bottom” pattern appears after an e
September 19, 2019
Timeframe is a way of grouping prices to display them on the chart in a more convenient manner. There are numerous types of timeframes, but the following ones are the most common: M1 (one-minute); M5 (five-minute); M15 (fifteen-minute); M30 (thirty-minut
September 17, 2019
Successful Forex trading requires not only a good trading system, but also understanding of all the market processes, their correct interpretation, and application. In technical analysis, you can often come across a phrase “gap in Forex”, which is a quite
September 7, 2019
Correlation is a statistical relationship between two and more random variables. The correlation coefficient usually varies from -1 to 1 or sometimes from -100 to 100. The correlation coefficient value of -1 means that there is an inverse 100 percent rela