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A moving average is a statistical tool used in finance, economics, and stock market analysis to smooth out data fluctuations and identify trends. It is a widely used method of smoothing out short-term fluctuations in time series data and is used to calculate an average value for a set of values over a specified number of periods. It is predicted by taking the average of a set of values over a specified number of[…]
The prices of oil are only increasing along with the prices of gasoline and diesel. Is lithium battery the solution? The increasing prices can be the reason for the high inflation rates and the main driver for promoting electric vehicles. Electric vehicles don’t necessarily put an end to our energy usage. However, it will change the focus from oil to lithium batteries. As predicted by Elon Musk, “Lithium batteries are the new oil.” The[…]
Bollinger Bands and MACD, what connects them is that they can be used together as complementary indicators to provide a complete picture of the market conditions. Moving Average Convergence Divergence is a momentum trend-following indicator that shows how two price moving averages relate to one another. It is derived by deducting the 12-period EMA from the 26-period exponential moving average (EMA). A histogram and a signal line, a 9-day EMA of the MACD line,[…]
The Stochastic Oscillator is an indicator that compares the closing price of an asset to the range of its prices over a certain period. It measures the location of the close relative to the high-low range and is expressed as a percentage. It is ranges from around 0 to 100, and readings above 80 are considered overbought, while readings below 20 are considered oversold. The indicator is used to determine potential turning points in[…]
Currency codes are three-letter codes that represent different types of currencies used in various countries worldwide. They are used to identify a specific currency in international financial transactions and avoid confusion between currencies. Each currency code is assigned by the International Organization for Standardization (ISO), a non-governmental organization that develops and publishes international standards. The ISO 4217 standard specifies the currency codes used for representing currencies and their symbols. The first two letters of[…]
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[…]