Learn the strategies to consistent and profitable (forex) prop trading.
A forex price chart is a visual or graphical representation of how the price of an asset or currency pair moves (or has moved) over a particular period. There are candlestick charts, lines, bar charts. They allow you to assess past and present market behaviour. Let’s look at the major types of charts, share the advantages and...
Tariffs raise the cost of imports, reducing demand for the foreign currency used to buy them and often strengthening the home currency—until retaliatory levies hurt exports and reverse the trend. They also inject uncertainty into markets, driving capital into safe-haven currencies, and may prompt central banks to tweak interest rates, which directly shifts a currency’s appeal...
A price channel is made by drawing two parallel lines along a chart to connect the highs and lows of a market over a period of time. The line above price action signifies the resistance level and the one below represents the support. This method of chart analysis can guide you to speculate the next price movement in...
FOMO in trading refers to the feeling of anxiety and regret that arises when you think you are missing out on a profitable opportunity in the market or that other traders are doing better than you. It can lead you to make irrational and impulsive trading decisions. In this blog post, we will share five signs...
Before you set your exit points, determine your profit target, risk tolerance, holding period, and possible events that can invalidate your speculation. Let’s discuss the exact questions to ask, and how they can help you reduce trading losses and protect your gain: 1. What is my risk tolerance You should decide how much (the maximum...
