Most forex traders use candlestick patterns to predict the future direction of the price movement. What is a candlestick? A candlestick is a way of displaying information about an asset’s price movement. Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly and from just a […]
Weekly Technical Preview
This week, the market sentiment was unclear as investors weighed the reopening of several countries’ economy against risks of a second wave of infections. USD dipped lower as investors anticipated negative rates and the dire unemployment claims number released on Thursday. Elsewhere, oil prices pushed higher, breaking out to the upside of what many market […]
Top 5 Must Watch Trading Movies for Traders
Without further ado, here are our 5 best movies about trading! 1. THE WOLF OF THE WALL STREET Probably the most well-known trading-related motion picture of the last decade. This is a movie about the ugly side of trading, and that’s exactly why people love it so much. Securities fraud, money laundering — it is […]
3 Reasons Why There’s No Holy Grail in Forex Trading
Anyone who has spent considerable time trading forex will tell you that there’s no “holy grail,” or one indicator, method, strategy, or system that would yield you forex trading profits 100% of the time. In fact, consistently profitable traders will more likely tell you that losing is as much part of trading as winning. But […]
Why Most Forex Traders Fail?
Forex trading is not something to take lightly. If you truly want to be successful at forex trading, you must be prepared to invest the time and hard work to acquire the three factors for success – knowledge, experience, and emotional control. Some of the crucial psychology reason are as follows – Fear Fear is […]
