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The current capital market is quite volatile. This volatility has not only had an impact on asset classes but is also controlling the demand of financial products offering leverage. Contract for differences is a financial tool used to track a variety of assets. These underlying assets include cryptocurrencies, indices, commodities, individual equity shares, and forex. CFD is different from underlying tools in that you aren’t required to post the total capital amount to purchase underlying instruments. As an alternative, you need enough capital to cover the price change of the place you want to enter and exit the trade. Can CFDs offer leverage? Each CFDRead More →

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Forex exchange involves trading currencies with the aim of profiting from the variation in currency prices. It is a lucrative business that you can perform any time of day considering the forex market operates 24/7 5 and ½ days a week. However, success in the forex trade is not a guarantee but requires one to know how to trade and understand the tricks of ins and outs in the trade. The following comprises some tips you can employ in forex trade to ensure successful trades. 1.           Learn the Market Take the time to educate yourself on matters to do with foreign exchange trade. Take asRead More →

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In any trend-following strategy, there are two outcomes any trader wishes for. These are to enter a trade on time and exit it on time. All traders aim to detect trend changes early enough and exit the transaction on time after exploiting it to the fullest. This is easy in theory and more difficult in practice, with most indicators lagging and not as reliable as they should be.Read More →

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Measuring Forex Market’s Volatility Using Bollinger Bands

Technical analysis has become very common in the forex market. Bollinger Bands, created by John Bollinger in the 1980s, is being used for exceptional insights into price and volatility. He used a moving average technique with two trading bands.  The bands have to be above and below the MA. Compared to a normal MA, the percentage calculation of Bollinger bands is attained by adding and subtracting a standard deviation calculation. Standard deviation measures volatility to show how the market stock price varies from its actual value. Hence, Bollinger bands adjust to the market condition by measuring the price volatility. Using Bollinger bands, a forex traderRead More →

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Throwbacks And Pullbacks In Forex Trading

One of the leading ways forex traders succeed is learning the ability to identify price patterns and act accordingly based on the movements. Some chart patterns are easy to read, while others are challenging, especially to the novices. Throwbacks and pullbacks are technical indicators with patterns that novices take time to understand. They can cause panic, especially to novice traders leading to the early exit of the trade. However, once they learn how to read and follow the patterns, throwbacks, and pullbacks become some of their best technical trading strategies. The trading strategies present forex traders with reliable profit-making opportunities, and they are amongst theRead More →

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The Difference between Technical and Fundamental Analysis

Market Analysis is one of the most continuous and deepest debates since time immemorial as far as the forex market is concerned. This debate has always revolved around how to determine the best market analysis method when it comes to forex dealings. Although there has been no actual conclusion that has been arrived at, having adequate knowledge on all forms of analysis has been widely advocated for. Technical and fundamental analysis are two of the most common market evaluation methods particularly when forex trading is considered. Technical analysis is defined as investigation of both previous and ongoing price patterns in an attempt to accurately forecastRead More →

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How to Become A Trading Nomad and Trade from Anywhere

People are used to doing jobs that they have to come out of their homes and go to a formal set up place for work. This is their workstation, their offices or workroom. However, things have changed especially with the evolution of technology. Many firms have embraced the use of technology to fasten their work output and compete effectively. The use of the Internet was also harnessed with the outbreak of coronavirus. People were forced to start working from home to reduce the spread of the virus and to harness the strict rules given by many governments to maintain social distancing where one is gatheredRead More →

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2 Types of Technical Indicators Explained

A technical indicator is a chart analysis tool that helps a trader to understand price movements and take action. Many technical analysis tools measure volatility, analyze trends, give price averages, and more. In this article, we look at some of the technical indicators and how they relate to your trading journey. Types of Technical Indicators 1.    Oscillators Oscillators give a trader a gist of how a specific currency’s momentum is developing. When prices dip, oscillators dip as well. When oscillators go to extremes, it means it is time for the trader to check for the price and turn back to the mean. However, it doesRead More →

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the basics of the prominent Forex indicators

In the Forex market, traders are needed to use the indicators to execute the trade properly. This helps to identify the entry and exit points, the direction of the market, and support and resistance level. People are required to identify trading opportunities for getting rewards. The indicators help them to understand the trending environment which is very crucial to increase the probability of wins. Indicators are used in some specific situations so, the investors should know the applications of them. There are four technical instruments that play a very significant role in trading. They are RSI, moving average, Stochastic, and MADC. Let’s know about them.Read More →

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eurusd

The medium-term uptrend in the EURUSD pair is now facing bearish reversal pressure since the pair has broken the bullish trend line support at 1.10266 on the daily chart. Professional traders are strongly bearish on the EURUSD pair since there has been a golden bearish crossover in the daily chart. In the last the 100 days SMA has crossed below the 200 days SMA and the price also ended well below the critical support level. The burning issue of the interest rate hike decision by the FED has been mitigated to a certain extent since the other major fundamental news releases came in favor ofRead More →