Like a bar chart, a daily candlestick shows the market’s open, high, low, and close prices for the day. The candlestick has a wide part, which is called the “real body.” This real body represents the price range between the open and close of that day’s trading. In the first part, we are going to cover how to read […]
When opening a brokerage account, many investors are taken aback by the extensive personal information requested. While it may seem intrusive, brokers are not asking for these details out of curiosity they are legally obligated to collect them. Regulatory bodies, such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), mandate strict compliance
Trading is often likened to riding a roller coaster – an exhilarating experience filled with highs and lows. While the thrill is undeniable, there are moments of fear, nervousness, and a sense of powerlessness. In such challenging times, it’s crucial not to succumb to panic or the temptation to give up. Instead, turning to motivational
The foreign exchange market (Forex or FX) is the largest and most liquid financial market in the world, with a staggering daily trading volume exceeding $6.6 trillion—far surpassing the stock and bond markets combined. At its core, Forex trading involves buying one currency while simultaneously selling another, with the aim of profiting from fluctuations in
In all my years of trading and talking to fellow currency traders, I have noticed that newbie traders are susceptible to five main psychological pitfalls. I have decided to highlight these 5 trading psychology pitfalls so that you don’t get caught in the same mess as other traders who have been caught in the same.
The tutorial has been completely revamped to reflect the most current and easiest way to install new expert advisors in MetaTrader both MT4 and MT5. Since MT4 Build 600, there is no difference in the way it is done in the two versions of the platform. Using MetaTrader expert advisors is simple, but sometimes people get confused about it. After downloading an expert advisor file, a user might get stuck with it
Creating a trading account is a straightforward process, but it varies slightly depending on the broker you choose. Here’s a general guide to help you get started: 1. Choose a Reliable Broker 2. Visit the Broker’s Website 3. Register for an Account 4. Verify Your Identity 5. Deposit Funds 6. Download the Trading Platform 7.
Forex trading has become increasingly popular in South Africa, with many traders seeking reliable and regulated brokers to enhance their trading experience. As one of the most liquid financial markets globally, the Forex market provides opportunities for traders to profit from currency fluctuations. Choosing the right broker is critical to success, especially for those who
Hello everyone! Today, I’m excited to introduce you to a curated list of nine top-notch forex trading blogs that I believe every trader should follow. These blogs have played a pivotal role in my trading journey, providing invaluable insights and knowledge that have contributed to our success in the dynamic world of the Forex market.
Binary options trading has grown in popularity due to its simplicity and the potential for high returns in a short time. If you’re new to this form of trading or looking for a reliable broker, finding the right platform is crucial. This guide will walk you through the best binary options brokers, helping you make