Forex trading, which is often perceived as an easy career for making money, is actually quite difficult, although very exciting. Due to high liquidity, round-the-clock schedule and easy accessibility, Forex trading has become a popular profession, especially for people with financial education. Being your own boss and comfortably earning money using a...
What is trailing stop? A trailing stop is a modification of a typical stop order that can be set to a specific percentage or dollar amount of the current market price. A trailing stop is designed to protect profits by allowing the trade to remain open and continue to make a profit as long as the price moves in the investor's favor. The order closes the trade if...
Most technical traders have come across the concept of multiple time frame analysis in their market education. However, it is a well established chart reader. Many market participants miss the larger trend, miss clear support and resistance levels, and miss entry and stop levels because they don't analyze the higher timeframes. Multiple Time Frame Analysis...
Hi all! Today I want to talk about scalping. What is scalping? Scalping is the style of buying or selling currency pairs over a short period of time in an attempt to make a series of quick profits. A forex scalper aims to make a large number of trades using the small price movements that are common throughout the day. Understanding Forex scalping Forex scalpers...
Hello traders! Today I want to share with you interesting information that can bring you profit. Let's talk about NFP What is Nonfarm Payrolls? Nonfarm Payrolls (NFP) is the number of new jobs in the non-farm sectors of the economy over the past month. The released figures show the dynamics of changes (increase, decrease) relative to the previous period. These...
Hello! In difficult times, investors become interested in gold, as has been done for a long time. But what factors affect the price of gold? Let's try to find out today. Reserves of the Central Bank Central banks hold fiat currency, but gold is also held in reserve. Ever since the US went off the gold standard, central banks have been building up their gold...
There are many people and many opinions in the market. There are those who criticize technical analysis, calling it superficial and even useless. There are those who consider technical analysis (TA) the holy grail that can bring huge profits. Today we will try to debunk 8 myths about technical analysis. myths 1. TA is for short-term trading or day trading...
Hello! Today I want to talk about a topic that is rarely discussed, but important at the same time - fundamental analysis of the forex market. News, GDP, interest rates - all this affects the market and everyone needs to be able to understand this. What is fundamental analysis Forex fundamental analysis is a way of analyzing a currency, making predictions...
Today I want to talk about a topic that every novice trader has to face. Most beginner traders save up money to make the first deposit and very often this amount is too small for trading, but the broker gives you the opportunity to trade anyway, why is that? The fact is that the smaller the deposit, the easier it is to lose them, and the broker knows...
Hello! Today I want to talk about drawdown in trading. This topic is very important because it is directly related to the possible loss of all capital. What is a drawdown? When trading, you can make profits as well as take losses. When you lose too much and the account decreases significantly, this is called a drawdown. Losses in trading are normal and should...
Hello traders! There is a lot of information about trading on the Internet and it is sometimes difficult to understand what is true and what is fiction. Today we will try to sort out the most popular myths and understand what is really true and what is not. Work without rest You have to work hard, but don't overdo it. If you watch charts 24/7 or study hundreds...
Hello everyone! Today I want to discuss pullback trading with you. You may have come across such a situation when you were waiting for a pullback to enter the market, but the price did not stop and went further. In the place where you expected the end of the rollback, there was a breakdown, and you did not receive an entry point. Something went wrong? Trend ...
Hello everyone Today I want to talk about a very important topic in trading – emotions. Emotions accompany us in trading from beginning to end: when we open a position, while we hold and when we close. Our psychological state is constantly being tested. All this leads to constant mistakes and loss of money. But how to avoid all this? The main reason Think...
Continuation of the first part. SECRET 6 - High Time Frames Watch the situation on high timeframes. Watch out for high time frame trends. Often, this is how beginners open positions against the trend, do not follow higher timeframes. At the same time, there are situations when a correction has begun on a smaller timeframe, which is not yet visible on a higher...
Hello to all! Let's talk about what levels of becoming a trader are. LEVEL #1: Unconscious Incompetence When a beginner enters the forex market for the first time, he thinks that it will be easy to make money. He has heard many beautiful stories and is now ready for you to go into battle. The price is going up! So it's time to buy. These first steps of an...
Hello everyone! Today we will discuss a very important topic - intraday trading . Intraday trading is considered not an easy task, but quite profitable. There are a few secrets that every trader should know about. These secrets will greatly improve your trading and relieve you of unnecessary stress. SECRET 1 - Don't trade below H1 During the day, the...
Hello everyone! Today I want to discuss with you a very interesting topic - the traps of market makers. Let's get started. Traps… How often did you encounter this - you opened a position, and why did the price go sharply against you, knocking out your stop loss, and as soon as your position was closed with a loss, the price turned around again and went where...
Now the dollar is going through a turbulent time, and EURGBP will help us avoid problems related to the dollar, because the pair does not contain the main world currency. In addition, after Brexit, new interesting opportunities have opened up, which I will discuss below. Dollar Most traders choose to trade pairs in which there is a dollar due to the large...