Non-Farm Payroll and its Impact: A Must-Know for Successful Forex Trading
The non-farm payroll (NFP) report, released by the Bureau of Labor Statistics, is a critical economic indicator for the United States.
The Role of CPI in Forex Trading
Traders often use economic indicators like CPI in forex trading as part of their strategies. However, trading Forex against CPI data requires careful planning and execution. It’s vital to avoid having an open position immediately before a CPI announcement as Forex spreads could widen significantly right before and after the report.
Market Manipulation in Action – Best Strategies For Forex Traders
“Market Manipulation,” in simpler terms, means the market outsmarts you at your strategy. It’s a game where 20% of the players excel remarkably well.
Forex Market Manipulation – How Possible Is This?
Market manipulation refers to actions taken by influential players in the market, such as large banks or financial institutions, to distort the market’s natural flow artificially.
The A B Cs of Risk Management in Forex Trading.
Many traders find themselves in this precarious position, but there’s one crucial skill that can make all the difference: risk management.
Conquering Trading Chaos: A Guide to Navigating Market Complexity
When applied to forex trading, the Chaos Theory suggests that the forex market, despite appearing chaotic, follows specific patterns that can be identified and utilized for trading.
Lessons From the Top 10 Forex Traders: How to Succeed in the Trading Industry
Successful Forex traders have walked the path you are treading and have overcome numerous challenges to achieve their financial goals.
Falling Wedge Pattern: A Bullish Reversal Signal
The falling wedge pattern is characterized by gradually narrowing the price range between the two trend lines.
Rising Wedge Pattern: A Bearish Reversal Signal
he rising wedge pattern is a bearish chart formation after an uptrend. It is characterized by two converging trendlines, with both the support and resistance trendlines sloping upwards. However, the slope of the support line is usually steeper than that of the resistance line, leading to a convergence of the two lines over time.
Expanding Triangles – Trading Strategy
An expanding triangle is a unique triangle pattern that differs from other triangle patterns such as the symmetrical, ascending, and descending triangles. While the other triangle patterns have converging lines, the expanding triangle has diverging lines. This divergence leads to wider price swings, higher highs, and lower lows, ultimately resulting in increased volatility.