5 Waves Pattern

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 …

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Next Level of Game:

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, …

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Why should you use Take Profit?

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 …

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Struggles of a Forex trader

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 …

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Usage of Analysis Tools in Forex Trading:

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 …

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Currency pairs of USD, here lies the Spotlight:

Currency Pairs of USD, here lies the Spotlight: This week spotlight is on Dollar again. Forex traders and investors have turned their attentions again on currency pairs of USD. There are several factors that have caused this situation. We can consider Federal Open Market Committee meeting’s minutes as the first factor in this regard. Traders are over-selling USD as compared to other currencies. Higher Inflation: The significant discussion …

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Rectangle chart pattern, Should you prefer?

Rectangle chart pattern, Should you prefer? Rectangle chart pattern is a significant technical indicator. Its significant feature is that it mainly linked with the support and resistance points. It reflects the movement of the currencies in form of horizontal lines. This chart pattern links the support points with buyers and the resistance point with sellers. It is a classical concept that you should buy a currency at a …

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pivot points and market sentiments:

Pivot Points and Market Sentiment: Forex trading is a multi-layered profession which has many appealing features and links. The link between Pivot Points and Market sentiments is one of its most attractive elements. It immediately excites and inspires traders and investors. There is a very amazing link between these two features of Forex trading. But at the same time, there are some assumed myths about their link. Newbies …

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Smooth Forex Trading, not just a Dream:

Smooth Forex Trading, not just a Dream: “Just had a bad day”, it is a common statement of everyone nowadays. The Forex traders are no exception. Smooth Forex trading is the dream and dire desire of every trader. Nowadays everywhere in the world, traders face different hurdles in their smooth trading process. Hurdles in smooth Forex trading: Sometimes your internet connection does not work or it is dead …

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Hold or Fold?

Hold or Fold? Hold or fold is one of the most disturbing questions that upset a Forex trader. There are many struggles that a trader has to face in order to earn profit in Forex trading. Frankly speaking Forex trading is serious and profitable business with some specific rules. You have to follow its terms and conditions strictly if you actually want to earn a living from it. …

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