Traders on the forex market take time to analyse data to determine how and when to invest. Technical and fundamental analysis are the most common methods of analyzing the market. Fundamental analysis is a great opportunity for investors who are seeking to invest long term. Many factors affect the market and prices of assets. This is why fundamental analysis is very thorough in its data collection. What Is Fundamental Analysis Fundamental analysis is the assessment and measurement of intrinsic values of assets. This is achieved by measuring different macroeconomic and microeconomic conditions. It also analyses the different elements affected by the prices of assets inRead More →

Forex trading is becoming more attractive to every investor because the profitability is impressive. However, becoming a successful forex trader does not happen overnight. Forex trading requires attention and time. Additionally, you have to be good in numbers and have the ability to time markets successfully. Forex trading does not need an impulse trader. You should have the patience to study a market and predict the future exchange rate of a currency. Here are a few tips for becoming a successful forex trader. Top 6Tips for Becoming a Successful Forex Trader 1.    Expand Your Knowledge Base about Forex There are several online courses that youRead More →

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 →

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 →

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 →

Benefits Of Technical Analysis As A Forex Trader

As a forex trader, if you want to make money, you need to understand the different strategies and techniques you can use. Technical analysis and trading is one of the most common and profitable ways to trade. Technical analysis is a technique that uses tools known as indicators to analyze historical data on the price of currency pairs and the movement of markets to help traders make trading decisions. Indicator tools used in technical analysis include Fibonacci lines, technical oscillators, moving averages convergence/divergence, and Bollinger bands among others. Technical analysis is used by many traders as their main method of trading. As such there areRead More →

Mistakes you Should Avoid when Using Fibonacci Retracement Tools

Fibonacci retracement is a technical analysis strategy that traders use to determine resistance and support levels. This strategy relies on the concept that markets will recall a predictable section of a move before they can proceed in the initial direction. There are some mistakes you should avoid when using Fibonacci retracements as we shall see in this article.  Fibonacci Retracement in technical Trading Many technical traders use Fibonacci retracements to determine strategic areas for stop losses, transactions, or target prices to help them enter at a better rate. Many indicators incorporate the retracement approach like Elliott Wave theory, Gartley patterns, and Tirone levels. After notableRead More →

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 →

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 →

How Do You Use the Oscillator of Moving Average (OsMA) In Forex?

Oscillator of moving average (OsMA), otherwise called the moving normal oscillator gauge, is a device that endeavours to recognize whether a market is oversubscribed or under subscribed. It estimates how far an oscillator lies from its moving normal. The oscillator of moving average is the distinction amongst an oscillator and its smoothed variant. All the more explicitly, the qualities showed by the OsMA pointer are generally gotten from the MACD marker. Moving Average Convergence/Divergence (MACD) is a trading pointer utilized in specialized investigation of stock costs. It is intended to uncover changes in the strength, heading, energy, and length of a pattern in a stock’sRead More →