The wedge chart pattern is popular with traders, as it is easy to identify, and has a simple measuring tool that is simple to use. So what actually is a wedge?
The Federal Open Market Committee (FOMC) meets eight times a year to discuss and set US monetary policy. Learn about the process here!
Forex traders will often branch out into other markets, including precious metals, spot gold & silver trading. These may be traded by forex brokers or alternatives.
Some Forex brokerages offer a “PAMM Account”. a PAMM account is basically a managed account where one trader trades on behalf of others through his/her account
In money trading, the most important area is going to be money management. Paramount to money management is understanding your risk tolerance in trading.
One of the common trading patterns is “head and shoulders pattern.” But there are a couple of things to keep in mind before you use this pattern.
The words that a trader never wants to hear, are “margin call”, which is when a broker asks a to deposit more money into the account to keep a position open.
There are few parts of Technical Analysis that you can credit to a single individual, but Elliott Wave Theory has that distinction. Read more.
When you begin to trade Forex, you are flooded with new terms. One of them is “slippage.” Slippage is a difference between the price you see & the price you pay.
In Forex, we play a “market order” to get involved. This tells the broker that you want to get involved to the best price possible, or the “market price.”
Some traders focus on investing while others focus on micro-moves. This article can give you an idea of what to realistically expect when you enter the world of Forex trading.
Like most things in the world that involve money, there is a lot of deception in the Forex world. Some of it malicious, and some of it benign.
Do you really need a stop loss? The quick answer is: “yes.” The long form of the answer is “yes, if you choose not to blow up your Forex trading account.”
Trading is difficult, not complicated - when you press the “buy” or “sell” button, you are either correct or not, and you have little to do with that.
While news affects the financial markets, traders should ask themselves “What matters more, the reason a market moves, or the fact that it does?”