If you don’t have much time to learn how to trade, there’s really only two patterns you need to learn to develop a profitable trading strategy: The bullish engulfing candle pattern and the bearish engulfing candle pattern.
Understanding and identifying liquidity pools in forex is key if you want to become a better trader, but what are liquidity pools?
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.
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.
Currency futures and spot forex are both used to speculate and hedge risk on foreign exchange rates.
Identifying the difference between overbought and oversold Forex markets can provide the backbone to a number of trading strategies.
Entering a trade and crossing a busy road are equally hazardous and have their fair share of risks. The two can cause serious damage to both health and wealth. However, these risks can be mitigated with due diligence and education.
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.
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?
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 they move in the direction of your speculation.
