Understanding Forex Technical Analysis
In the world of foreign exchange, you will probably hear about technical analysis. Technical analysis is just what the phrase means: you analyze and study the data with very technical or scientific means. You do not just give your own opinion, but you look at facts, study them, and then use them in formulas that can lead you to the result that you want.FX 101: Why Do Currency Exchange Rates Change?
FX 101 breaks down the world of currency exchange, from the fundamental to the complex. Here, we’ll take a look at 10 factors that affect currency exchange rates.4 Common Forex Chart Patterns And What They Mean
Charts are very important in Forex trading as they help you in understanding the market better. Charts have many types of patterns that help you to understand the market even better. The most common types of patterns are:Understanding 3 Of The Most Common Forex Indicators
Indicators are technical analysis tools that help you in understanding the movement of Forex prices. The indicators are usually created using a given formula thus they are accurate in their working. There are many types of indicators in the market. Some of the notable ones are:4 Reasons Why Many Traders Fail In Forex Trading
For you to be successful in Forex trading you need to focus on the chart, economic calendar and any other information that might affect the price of the pair that you are trading. The price chart is your most important friend as it contains all the information that you need to make the right trading decisions. You should always pay close attention. To itDeflation, The Economic Nightmare
Many confuse the term deflation with inflation. In economic reality deflation occurs when there is a contraction in the volume of available money or credit that results in a decline of general price levels. Keep in mind that deflation is more damaging than inflation in that it creates a downward spiral in which the expectation of falling prices reduces demand and pushes prices even lower as it happened in 1929.Digital Currency Is the New Trend
Market trends have changed to align itself with technology. Get to know how digital currency is slowly invading the financial market and how you will benefit from it.7 Reasons to Use Forex Technical Indicators
If you have studied technical analysis, you know that there are many technical indicators to choose from, and, often, you even have to use a combination of these indicators. However, there is no need to fear technical indicators. Some of them sound complicated, but they can be really simple once you get enough courage to study them.Why You Need Technical Analysis Training
The foreign exchange market can be a dangerous territory. That’s why you need technical analysis training. More risk is involved here compared to other investments. This is because currencies can drastically increase or decrease in value in a short period of time, which means that you will need to keep a good watch on trends.Understanding Forex PIPs and Spread
The percentage in point popularly known as PIP is the smallest increment by which a given Forex price can change. PIPs help you in calculating the profits that you have made or lost on a given trade. For example, if you enter a long position on GBP/USD at 1.6580 and it moves to 1.6600 when you are closing, you will have made a 20 PIP profit.3 Ways To Manage Your Risks In The Forex Market
Risk management in Forex trading is very important as it means the difference between success and failure. For you to be successful in Forex trading you need to know how to manage your risks. To help you out here are some of the strategies that you should put into place.8 Interesting Facts About U.S. Currency
You will find talking about U.S. currency is interesting and surprising. In this article, I list eight facts about U.S. currency, or paper money.