admin November has been unlucky for Gold price. Recently we have witnessed severe changes in the price of Gold and USD. Gold has suffered significant fall in its price. The traders interested in the investment in Gold and USD faced disturbing disappointment. We can expect that the tables will turn soon as the Economists believe that the trend of increase in the price of Gold and USD will extend …
Why do you need an effective Money Management plan? Money management holds a great significance in the success of a forex trader. No trading strategy can ensure profit without an effective money management plan. A money management plan consists of all those techniques that a trader use and apply to minimize losses and sharpen its trading skills. You cannot earn profit if you do not apply money management …
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5 Waves Pattern: Forex market is expanding day by day. Its popularity is increasing manifold with every passing hour. Its multi-layered trade and variety of features and facilities grab the attention of the traders of all age groups. There are different patterns in fore trading to show and expose the movement of the price of currencies in forex market. 5 waves pattern is one of the most popular …
Next Level of Game: Forex trading is a thrilling game. Traders apply different strategies to improve their trading skills. There is no short- cut of success in this adventurous game as it is assumed. In order to enhance and improve your trading skills, you need to evaluate your current status. You have to assess your current trading skills, if you want to expand your trade. For this purpose, …
Why should you use Take Profit? Forex trading is a multi-layered profession. The pandemic and growing uncertainty has exposed another attractive feature of forex trading. That is Take Profit. Why should you use TP? You can easily understand the need and significance of Take profit with a simple example. For example you have predicted the value of a currency pair and the price of that currency is shifting …
Assumptions about Technical Analysis: There are basically two types of analysis that help the forex traders to understand and predict the price movements in forex market. These types are 1) Fundamental Analysis 2) Technical Analysis. There are different myths and assumptions about these analysis that are definitely wrong. Such assumptions misguide the newbies in forex trading. Let’s explore some of these assumptions that enable the newbies to make …
Emotional Trading: It is an interesting term that is associated with forex trading. When you trade under the influence of your emotions, it is termed as Emotional Trading. It is a common form of trading. Newbies often fail to control their emotions and get swayed away in the flow of their emotions. Both profit and loss can make them take emotional trading decisions. Obviously trading made in the …
It is very tricky to understand human mind and brain of new trader. Mind tends to play different games to test the personality of humans. Men fell in the trap of the dirty games of their own mind. It is said that you need to be emotionless if you want to do well in Forex trade. But is it really possible? Definitely it is not. You can learn …
Trend: The Directional price movement of a currency is called a Trend. The traders and investors always pay much attention to the trend of a currency. Kinds of Trend: There are three kinds of trends: Bullish Trend Bearish trend Flat Bullish trend: When the price of a certain currency increases, it is called bullish trend. As the name suggests, it is a market condition dominated by bulls. Bearish …
The Minutes of Federal Open Market Committee(FOMC) have laid stress on the fact the monetary policy should help in bringing about a proportionate adaptation with the changes in the forex market. Instead of providing guidance as these were expected to enlighten, these confusing minutes has resulted in bringing a severe change in the prices of forex market. Eventually there is a fall of value of currencies. Particularly EUR/USD …