Last week was a disturbing one in Forex market. This uncertainty will result in turbulent trade of USD. Last week, USD/JPY failed to satisfy the expectations of the traders. Traders do not find trade that much motivating and appealing. The current scenario is affecting the major currencies and their counter-currencies. Bond yield & trade of USD/JPY: It seems that the Fed is about to take some serious measures …
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 …
Struggles of A Forex trader: Forex Traders have to deal with different fears and mental pressures. The struggles of a Forex trader are of numerous kinds. Fear of market reversal is regarded as one of those disturbing fears. The traders often exit early because of this fear. The market reversal is a prominent feature of forex market. The temptation to give up a trade too early is a …
Struggles of A forex trader: Forex Traders have to deal with different fears and mental pressures. The struggles of a Forex trader are of numerous kinds. Fear of market reversal is regarded as one of those disturbing fears. The traders often exit early because of this fear. The market reversal is a prominent feature of forex market. The temptation to give up a trade too early is a …
Usage of Analysis Tools in Forex Trading: Forex trading has many layers which makes it more appealing. The usage of analysis tools attracts the attention of traders. Traders all over the world indulge in Forex trading. They do not just guess or indulge in blind trading. They spend their time in understanding the trend of the Forex market. For this purpose, they do thorough analysis of the price …
Practice with a Demo Account, should you try? Forex trading is all about practice. You can practice with a demo account. The more you trade, the more you become a professional Forex trader. If you trade efficiently for a longer period then it sharps your trading skills. The trading skill improves as you face more and more trading hardships and trials. Demo account can be a very helpful …