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.
One of the two approaches to trading Forex is fundamental analysis. It relies heavily on measuring the performance of the economies of currencies. And one way to go about this is through the news.
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.
In this article, we’re going to share some useful tips in case you decide to trade the news. Also, as a bonus, there’s a common news pattern example analysis at the end.
You’ve probably heard something along the lines of “the Dow gained 15 points today” or “NASDAQ index is down 40 points”. What does this mean, and what is an index?
Smart money doesn’t refer to a trader’s intelligence as such, but more to their influence on the market.
Did you know that the ratio of the length of your forearm to the length of your hand is 1.618? That's the golden ratio. And it's found in the Fibonacci sequence and exists in almost everything if you know where to look, even in Forex.
Drawdowns happen to everyone all the time. They are as much a part of trading as profits and order execution.
Have you ever seen a key resistance level breached and entered a long position right before the market turns the other way and dumps hard?
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?
