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Often, many people of vastly different backgrounds come into the Forex trading scene, in hopes of getting rich overnight. These potential traders are inspired by the profits made by some of the famous Forex traders with hopes that they are able to strike it big in the Forex market. Out of all who try trading, […]

Harmonic chart patterns have grown in popularity in the past few years. Although they are considered more advanced chart patterns, new traders have also shown a strong appetite for learning about how to draw and trade harmonics.  The Gartley pattern is defined as a harmonic chart formation that helps traders to generate, buy, and sell […]

GBPCAD Daily Chart July 23rd 2020

The overall GBP strength might send many GBP/XXX pairs up, including GBP/NZD, GBP/CAD, and potentially many others. Considering the summer holidays it could take weeks for the price to reached above-mentions key resistance, but at the same time, a fast uptrend could also be the case.  Disclaimer: The analysis presented in this article is […]

With a daily trading volume of over $6 trillion and close to 10 million active traders, it’s clear that the forex market is an attractive investment option. However, forex trading comes with some inherent risk and a stop order is one money management tool many traders rely on to minimize this risk. This leads to […]

GBPCAD Daily Chart July 23rd 2020

Based on multiple analysis of different GBP and CAD pairs, it seems that Great British Pound strength will move the GBP/CAD currency pair, rather than Canadian Dollar weakness.  Disclaimer: The analysis presented in this article is for educational purposes only and should not be considered as financial advice. This analysis was done on MetaTrader […]

how to use MACD Indicator in Forex

The Moving Average Convergence Divergence (MACD) is one of the more popular momentum indicators used by traders. It is an easy-to-use technical tool used by traders to measure the current market environment.  MACD or Moving Average Convergence/Divergence is a momentum indicator that gauges the market conditions to generate overbought and oversold signals. It works in […]

The use of leverage enables traders to bank more profits with little initial capital invested in the forex market. That being said, it can also cause huge, unsustainable losses that can blow out accounts in a matter of months. Fortunately, it’s easy to control leverage in a way that lets you grow your account consistently […]

Lot size forex

As you trade, you will often come across the term “Lot Size”, otherwise known as “Position Size”. These are crucial when you are trading in Forex as it is the way to manage your risks while preventing the loss of your account over one trade. You are able to utilize Lot Size calculators to determine […]

Before you sign for an account with any broker, first, you need to research. It’s very important to find a reliable and trusted broker that’s regulated and offers competitive fees, spreads, and complete experience in trading. AxiTrader stands out as a safe and reliable broker as you will learn from this review. AxiTrader is considered […]

Trend reversals represent one of the most anticipated scenarios in Forex markets. Traders analyze the currency markets, looking for reversal as they usually offer great risk-reward.  The gravestone doji is a candlestick formation that points to a likely reversal in the trend direction. The gravestone doji also looks like the letter “T”, but turned upside […]

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