The Wyckoff Method in Forex Trading
Market theories play an important role in guiding investors and traders about price action. For example, a good understanding of the Elliott Wave theory can give you a clear view…
Top 4 Forex Tools Offered for Free in Investing.com
Investing.com is one of the most useful tools in forex trading. It is a free service that offers tools that can help you make better decisions in the market. As…
All About Rebate Programs in Forex
Who doesn’t love cashback? Whether it is from your credit card issuer or a supermarket, the concept of receiving some form of rebate offers most people an incentive to remain…
How to Trade USDJPY on Multiple Time Frames
The USDJPY, also nicknamed the gopher, is the second most traded currency pair in the global FX market. According to the Bank of International Settlement (BIS), the pair accounts for…
How to Trade GBPUSD on Multiple Timeframes
The GBPUSD pair is dubbed the Cable after the first communication cable was laid across the Atlantic to connect the UK and US. Today, it is the third most traded…
How to Calculate Currency Strength in Forex Trading
The strength of a currency is a measure of currency's worth. Economists use it as a measure of purchasing power, while financial traders use it as an indicator of several…
Depth of Market in Forex Trading
The forex market operates on the demand and supply basis, which influences how things work and how prices move. Buyers with a bullish bias in the forex market look to…
Forex Indicators: Awesome Oscillator Explained
A market momentum indicator, the Awesome Oscillator (AO), is used to gauge the strength of the market. It uses a 34-period SMA to compare to a 5-period SMA (Simple Moving…
Descending and Ascending Triangles in Forex
There is a myriad of tools that traders utilize every day in their technical analysis endeavors. These formations are better pointed out by drawing lines on charts to accentuate them.…
What Is Hedging in Forex Trading?
So, what does trimming bushes and shrubs have to do with forex? Jokes aside, the concept of hedging or ‘insuring one’s self against loss’ has existed for centuries, dating back…
Ins and Outs of Discretionary Trading
When you start your journey in trading, the amount of information you’d be exposed to is enormous and often overwhelming. Many ideas seem conflicting, such as those related to a…
How Much Do Forex Traders Make?
The forex market grants millions of traders several opportunities to make profits every working day. There have been tales of traders making millions in the market, which may sound very…