Day trading has attracted a lot of attention in the fast-paced world of financial markets as a method that could potentially achieve substantial returns in a short amount of time. Being your own boss, being able to make quick decisions, and profiting from market fluctuations can all be appealing propositions for some people. The pursuit…
Category: Forex
Forex Trendy Review- Gold Up +854 Pips!
In Today’s Video: Gold analysis and much more! In this video, we will look at gold trading opportunities on a one-hour time frame. Before we begin, I want to emphasize that the information provided here is for educational purposes only and does not constitute financial advice. Let’s start with the British pound on the one-hour…
Germany in Recession: Euro Falls! (0,75%)
According to the most recent GDP data, Germany’s largest economy has unexpectedly entered a technical winter recession, causing the euro to weaken further against the US dollar. Buyers are finding little reason for optimism in the current risk-averse environment, with two consecutive negative quarters, the official definition of a recession. Meanwhile, investors’ concerns about the…
Is Oanda the Best Broker for Your Needs? Honest Review
Oanda Broker: What Does It Mean? Oanda is a global online brokerage platform that provides clients with access to a wide variety of foreign exchange (FX), contract for difference (CFD), and commodity trading services. It began operations in 1997 and has since grown to become one of the most well-known and highly regarded brokerage firms…
10 SUPER Tips to Become a PROFITABLE Day Trader!
What is day trading? Buying and selling financial instruments, such as stocks, currencies, or commodities, within the same trading day is the objective of the trading strategy known as day trading. Day traders, as opposed to long-term investors who hold positions for weeks, months, or even years, aim to profit from short-term price fluctuations and…
EURUSD Ready For Rebound? Technical Analysis
Since May 3, the EUR/USD pair has been retracing, with constant and unrelenting falls that have broken technical support levels such as 1.10, 1.0950, 1.0900, and 1.0880 (today). These were previously thought to be strong support levels, but in the current market conditions, they have proven to be easily broken. Several macroeconomic data releases and…
EURUSD Uncertain Future? Technical Analysis
After falling to its lowest point in a month at 1.0900, the euro-dollar is seeking to mount a technical corrective. The market’s more positive outlook in the European morning is assisting in containing losses, and risk perception may continue to direct movement up to the end of the week. Due to resurgent concerns about a…
How To Trade With Relative Strength Index (RSI)!
The Relative Strength Index (RSI) is a popular technical indicator used in trading to measure the strength of a security’s price action. The RSI is a momentum oscillator that measures the speed and change of price movements. It was developed by J. Welles Wilder Jr. and introduced in his book “New Concepts in Technical Trading…
XAUUSD (Gold): Will the Bears Take Over?
After yesterday’s erratic trading session, when the precious metal briefly surpassed $2050 before undergoing a severe sell-off and finishing in the red, gold prices have stabilized. Gold lost more ground this morning as the Dollar Index (DXY) hit a brand-new one-week high. Gold has unable to firmly climb over the $2050 mark despite mounting concerns…
10 Powerful Candlestick Patterns to Trade Wisely
Introduction One of the most used trading tools is the candlestick pattern. These patterns’ strength is used by millions of financial experts to spot market momentum, trends, and reversals. Trading opportunities can be found and profited from more easily if traders are able to recognize and use these 10 most potent candlestick patterns. Utilize Candlestick…