Strategies & Tools
Why is Reviewing Trading Plan Necessary?
The financial world can be an intense and challenging arena. Whether you’re trading stocks or diving into the forex market, there’s one aspect that is crucial- reviewing your trading plan. It’s the process that helps traders fine-tune their strategies, identify weaknesses, and pave the way to skillful trading. But why is reviewing a trading plan […]
Managing Risk while Trading Forex
The exhilarating sensation of your heart racing, similar to riding a roller coaster, can also be felt when managing risk while trading forex. However, as one would not board a rollercoaster without ensuring the safety harness was secured, one should not dive into Forex without a firm grasp on risk management strategies. The unpredictability of […]
Carry Trade Explained: A Simple Strategy Guide
Forex trading is like a vast ocean teeming with different strategies and methods. Amidst all of these strategies and methods, Carry Trade is a popular one. In this article, we’ll go on a journey into the realm of the carry trade strategy. Focusing on some of the most important aspects of this trading strategy. What […]
Support and Resistance Indicator- A Beginner’s Guide
In the world of trading forex, following a well-defined strategy is fundamental. Understanding and effectively using the support and resistance indicator concept might be considered a helpful tool in forex trading. However what does this exactly mean, and how can you apply this approach in practice? Keep reading to learn the truth about the support […]
Trading Strategies in Volatile Markets: A Beginner’s Guide
If you’ve ever been caught in a sudden thunderstorm, you’ll understand that it can be both thrilling and daunting. Similarly, trading in volatile markets feels like navigating through choppy seas. Volatility can be your good friend or worst enemy, depending on how well-prepared you are. However, equipped with deep knowledge, dynamic risk management strategy, and […]
Fibonacci Trading in Forex: A Beginner’s Guide
Forex trading is a bit like chess, only with charts and patterns instead of knights and pawns. But in this thrilling game of numbers, one strategy stands out – the mysterious Fibonacci. It’s similar to the hidden elixir that amplifies traders’ decisions, infusing a hint of mathematical marvel into the equation. So, let’s delve into […]
What is a Contrarian Trading Strategy?
In the high-speed realm of trading and investment, where shifts in trends and sentiments occur in the blink of an eye, there exists a strategy that piques curiosity and stands out for its distinctive approach – the Contrarian Trading Strategy. Stick around as we shed light on this strategy and discover why it might be […]