Learn the ins and outs of forex trading with our educational resources and expert guidelines.
The best profit taking strategies are those that align with market behavior, risk management, and trader discipline. These include exiting near support or resistance zones, avoiding weekend exposure, using daily range and candlestick patterns, steering clear of major news releases, following trend breaks, and employing time-based exits for consistency. Let’s take a closer look at each...
Contract for Difference trading is a way of speculating on the price movements/value shifts of financial assets without owning the target asset. You profit or lose depending on the difference between the entry and exit price of the instrument at the time your contract is closed. Let’s break down how it works, share its benefits and...
Elliott wave analysis is the study of recurring wave patterns on a price chart, driven by investors’ sentiment, to speculate future market movement. It was developed by Ralph Elliott. Let’s closely look at its framework and how to implement it: Types of Elliott Waves Elliott proposed that complete market cycles unfold in a repeated 8-wave pattern. It...
Commodity trading is the act of speculating the prices of goods or raw materials like oil and gold (through futures, options contracts, or Contracts for Difference). Traders bet on an asset price movement without taking physical delivery of the product. Let’s look at the different variations/categories of commodities: Precious Metals Gold, along with silver, palladium,...
In simple terms, intraday (or day) trading is the buying and selling of financial assets within the same day/session. Here, positions are usually closed before the market ends to avoid overnight exposure. This strategy can give you access to plenty of opportunities, no market rollovers and more. It can also be very risky, and may...
