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Opening a Forex or binary options trading account is the first step in your journey as a trader. However, before you can fully access your account, fund it, or claim any promotional offers, you’ll typically be required to complete a verification process. This requirement often catches new traders off guard, raising questions such as: “Why
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
Day trading is an exhilarating yet challenging endeavor that demands skill, discipline, and continuous learning. Whether you’re just starting or looking to refine your strategies, having the right educational resources can significantly impact your success. In this comprehensive guide, we’ll explore the best day trading books for beginners and advanced traders, along with essential educational
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
Pin Bar, which is short for ‘Pinocchio Bar,’ is a single candlestick setup that clues price action traders into potential reversals in the market. A pin bar candle is an elongated wick that ‘sticks out’ from price action. Traders will usually look for one-sided wicks that are two times the size of the body of the candlestick. I. Identify pin bar
It is said that the failure rate in the forex industry is very high, with more than 90% of traders quitting the game within their first year of trading. Most of the traders in most cases are not aware of the common reasons why Forex traders fail to be able to prevent the same from happening. At
When entering the world of Forex trading, one of the first things you’ll encounter is the concept of leverage, margin calls, and stop-out levels. While these terms may seem intimidating at first, they are crucial for managing risk and protecting your trading capital. Unfortunately, many traders overlook their importance often with disastrous consequences. In this
Are you in search of the best VPN services tailored for WordPress users, forex traders, or anyone working online? A reliable VPN not only safeguards your privacy and secures your data but also grants access to websites restricted or censored in your area. Nonetheless, navigating through the multitude of VPN options available can be daunting.