Correlation is a statistical relationship between two and more random variables. The Forex correlation coefficient usually varies from -1 to 1 or sometimes from -100 to 100.
A synthetic currency pair is a pair artificially created by opening two opposite positions for other currency pairs in Forex.
The “Dragon” pattern is a simple pattern of technical analysis that refers to reversal price models and its occurrence predicts the future change in the market tendency (trend).
“Three-Drive” is one of the simplest, but effective patterns of classical technical analysis, also known as “Three Indians”.
Many beginners experience difficulties mastering MT4 terminal. In this article, we’ll describe in details the process of templates installation and activation.
MetaTrader 4 terminal enables placing various arrows on the chart. This is an in-built feature of the software, but many other arrows may be added in addition to the standard ones.
MetaTrader 4 templates are ready-made sets of visual settings. These settings can be applied to a separate window of the terminal that will result in changing its appearance as well as adding various indicators to the chart.
In this article, we will talk about the best-suited currency pairs for the carry trade strategy.
The number of those who’re new to our business increases every day. And reasonably, many of the newbies usually face a bunch of young investors' typical mistakes. But how to avoid them, you'll ask?
“Head and shoulders” pattern is probably the most famous of those occurring in the market and the one from which people start getting to know technical analysis and the market as such.
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