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A funded trading account in Forex refers to an account funded with real money and used to trade the Forex market. Forex traders use these accounts to buy and sell different currencies to generate profits. To open a funded trading account, a trader needs to deposit funds into the account. This deposit can be in the form of cash, stocks, or other assets. There are many benefits to having a funded trading account in[…]
The forex market is the world’s largest and most liquid financial market. Governments and financial authorities have put regulations for forex trading to ensure that the market operates ethically and transparently. Forex regulation serves two primary purposes: to protect investors from fraudulent activities and maintain the market’s integrity. The regulatory framework governing forex trading varies from country to country, but the objective remains to promote fair and transparent trading practices. One key aspect of[…]
Forex charts come in different forms and can be customized to show specific information. Forex, or foreign exchange, trading is the process of exchanging one currency for another. It is one of the world’s largest and most active financial markets, with a daily turnover of over $6 trillion. To earn the title of a successful forex trader, it’s essential to have a good understanding of forex charts. This is a graphical representation of all[…]
Double Top and Double Bottom patterns are two of the most commonly observed technical analysis tools used by traders in the stock market. These patterns provide valuable insights into an asset’s trend reversal and price movement, making them an essential aspect of any successful trading strategy. What is a double top? A double top is a bearish reversal pattern appearing on a chart after an uptrend. It is named as such because it resembles[…]
Fibonacci Retracement got his name after his creator Leonardo of Pisa he was an Italian mathematician born in the late 12th century. He is considered one of the significant mathematicians of the Middle Ages and is best known for introducing the Hindu-Arabic numeral system to the Western world. This system, which is still in use today, made it much easier to perform mathematical calculations compared to the Roman numeral system used at the time.In[…]
Hawkish trading and dovish are two terms used to describe the monetary policies of central banks. The two terms are used to describe the stance of central banks on monetary policy, specifically in regard to the pace at which they raise or lower interest rates. Understanding the difference between hawkish and dovish monetary policies is important for investors, economists, and anyone who wants to stay informed about the economy. What is Hawkish? Hawkish monetary[…]
Triple Moving Average Crossover is a trading strategy that uses three moving averages of different time frames to generate buy and sell signals for a financial instrument. It compares the interaction of a short-term moving average, a medium-term moving average, and a long-term moving average. A buy signal is generated when the short-term moving average crosses past the medium-term moving average, which in turn crosses above the long-term moving average. Conversely, a sell signal[…]
Heikin Ashi is a candlestick chart commonly used in technical analysis to provide a clearer view of price action in financial markets. Unlike traditional candlestick charts, the Heikin Ashi strategy elaborates on the price movements by considering the open, close, high, and low prices for a given period. The resulting chart can help traders to identify trends and make more informed trading decisions. How to trade using Heikin Ashi charts? How to read the[…]
Forex trading has become very popular in recent years as investors search to take advantage of fluctuations in the currency market. With the rise of technology, it has become easier to trade forex from anywhere in the world. However, with so many top forex trading platforms available, it can take time to do the research and choose which is best for you. That’s why we’ve put together a comprehensive guide to the top forex[…]
Forex candles, also known as Japanese candlesticks, are a popular chart used by traders to visualize the price movement of currency pairs. The candlesticks are named after the Japanese technical analysis method, dating back to the 1700s. Steve Nison later popularized the method in his 1991 book, “Japanese Candlestick Charting Techniques.” Where did the name originate from? Japanese candlesticks got their name because they originated in Japan, where rice traders first used them in[…]