The rectangle is a simple technical analysis pattern that forms when parallel support and resistance levels cover the price at the top and at the bottom. You’ll often find this pattern during consolidation in trending markets.
The price bounces within the
The foreign exchange market is the largest and most liquid financial market in the world, with razor sharp spreads and daily trading volumes in the trillions of dollars.
It is also one of the least volatile markets in the world, with traders being forced
Before you do any trading, you first have to learn how to read Forex currency pairs. You may then learn all kinds of analysis and trading strategies, but only after you understand Forex quotes. And that’s why we’ve prepared this piece to show you everythi
Currency futures and spot forex are both used to speculate and hedge risk on foreign exchange rates.
So what is the difference between forex and futures?
We’ll go over the key differences between the spot forex and futures markets, helping you make an edu
Identifying the difference between overbought and oversold forex markets can provide the backbone to a number of trading strategies.
If you can make the distinction, then you can shift the odds further in your favour by avoiding going long or short agains
As children, we are taught by our elders the basics of crossing the road in a safe and secure manner.
We are instructed that there’s a simple process we must adhere to. We learn that there are definite rules to Think, Stop and Look, before crossing.
If you trade any sort of trend following strategy, you’ve at one stage or another wondered if the pullback you’re watching is just a retracement or a full reversal.
By learning the key differences in the retracements vs reversals argument, you’re able to
Are you just starting on your Forex trading journey?
Are you unsure as to the difference between fundamental and technical analysis?
Perhaps you’re wondering which trading approach is right for you?
Then you’ve come to the right place.
Read on as we discu
When you trade a currency pair in forex, you are not buying or selling the individual currencies. You are only speculating on their future exchange rates and hope to make profits when the exchange rates move in the direction of your speculation.
If you are a forex trader, you probably fall into the category of either scalp trader or day trader. The line that distinguishes the difference between a day trader and a scalp trader is a blurry one.
A day trader is broadly defined as someone who does no