Ahsan Aslam Khan Support and Resistance hold great significance in FOREX Trading. Different traders and investors use different indicators to identify the Support and Resistance points. Basically Pivot point and the indicating support and resistance points reflect the future movement of the price of the currency. The acronyms and symbols used for pivot points is ‘PP’ in FOREX charts. Similarly ‘S’ stands for Support and ‘R’ means Resistance in FOREX charts. …
A Profitable Forex Trade deal is a fine combination of trading knowledge, trading analysis, practical skills, control of emotions, consistency and last but not the least the Capital (your money). When you enter in the arena of forex trading, you do not bet your money decisions. Obviously money matters so first of all, you do a thorough home work on the field of Forex trade. Encountering A Trade …
Read moreSpotted yet Un availed Trade Opportunities in forex trading
Japanese Candlesticks and its Types: Japanese candlesticks reflect the market conditions of a certain currency in forex trading. It can show the continuation of the price movement in a certain direction. Similarly it can expose the reversal of the price movement in coming future as well. High point: High point is the top most level of the upper shadow. The upper shadows reflect the high time or session …
Read moreTypes of Japanese Candlestick and How to use in Trading
Foundations of Japanese Candlestick: Japanese Candlestick holds a great significance in Forex trade. Traders and investors all over the world prefer Japanese Candlesticks nowadays. They prefer it because of worthiness. Let’s have a look at its foundation and basic information. Beginning: During the 18th century, Japanese devised this effective form of technical analysis for the measurement and analysis of their international trade of crops particularly Rice. As most …
Pound and the Pandemic: The recent discussion between the President of European Commission and the Prime Minister of U.K has led to the further downfall of Pound. The value of Pound continues to be weak as the economy of U.K is still struggling. The value of Pound would be expected to enjoy a rise and get a slight relief but then came the horrifying news of another strike …
Read moreGBP decline ahead of Brexit Talk and GDP data – VPX Market Review
There is a myth about forex traders that they just multiply money by doing nothing. Well it is definitely a myth. Like all other earning professions, Forex Trading is a serious source of income which requires certain characteristics to be prosperous in this field. Keen observation, patient personality and better judging abilities are the three most important characteristics of a successful forex trader. Forex traders use different methods …
Read moreWhat is Technical Analysis? How to use it to predict?
The world is changing and making progress with every passing minute. Same is the case with Forex. In the ever-changing world of Forex Trading, only active and keen observer traders can survive. Constant fluctuation is the most prominent feature of Forex Trade. Dealing with these fluctuations is Forex trading. When you start a new business or you tend to invest your money in any project, you do not …
Read moreWhat is Fundamental Analysis? How to Use it in Forex Trading?
The peak points of Forex are the ‘Bounce’ and ‘Break’. If you can handle the trade efficiently at these points then the heaps of profit are waiting for you in the critical game of Forex. Bounce: If you want to efficiently deal with bounce then you need to have some confirmation that the resistance or support point will manage to hold. So let the value of the currency …
The National Output data of U.K and pandemic: The pandemic played havoc with not only the lives of human but also shattered economies and GBP as well. The financial markets suffered and it has left lasting imprints on Forex trade. Unexpected changes and dire situation marked history. Even the economies of advanced countries all over the world felt shocks of the pandemic. The economy of the entire world …
Read moreGBP falls after increase in worries about Brexit and UK Economy data
The most widely traded currency pair EUR/USD is dealing in an uptrend channel. The Federal Reserve Predicts that the economy of USA is going to contract about 6.5% by the end of 2020. It is going to rise about 5% in 2021 and about 3.5% in 2022. The interest rate is not going to expected to rise by the end of 2022. At the same time, the unemployment …