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…
Category: Forex
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…
8 Benefits of Entry Orders in Forex Trading
Entry orders and forex trading go hand in hand. Utilizing these types of orders enables traders to gain an edge over the market. Entry orders enable traders to create a set-and-forget mindset and allows for more efficient execution and more situations to be more profitable and to reduce losses. Read on to learn more about…
Brazil and China Sign an Agreement To Use the RMB Yuan
Brazil and China have joined forces in a groundbreaking move that is sure to shake up the international trading sphere – the two nations have just signed an agreement to stop using the US Dollar and instead use China’s RMB Yuan. This is a major shift in the international trading system and will ripple outwards…
Zulutrade Profit Sharing: How It Works
What is Zulutrade Profit Sharing and how does it work? Zulutrade is a social trading platform that enables you to follow traders and trade various financial assets. Its partner brokers offer CFDs on forex, cryptocurrencies and stocks. Zulutrade’s pricing structure is open and transparent, with no fees or trading limits set by the platform itself….
The Best Trading Indicators: Top 11 To Use
What Are the Best Trading Indicators? Technical indicators offer valuable insight into the market and help you make trading decisions. But it’s essential to determine which ones work best for your individual trading style and approach. Indicators can be divided into five categories: trend, mean reversion, relative strength, momentum and volume. Tailor your indicators according…
6 Step Trading Checklist Before Entering Any Trade
Creating and maintaining a trading checklist is essential for traders to stay disciplined, stick to their trading plan, and build confidence. A trader’s trading checklist can be created from a simple list of pre-trade steps that need to be done before executing any trades. These checklists can help to remove mind clutter and get the…
Swing Trading Definition and Strategies
Swing trading is an approach that capitalizes on short-term price movements to make profits. It differs from day trading, which involves purchasing and selling pairs simultaneously. Swing traders search for pairs with the potential for a large return over an extended period. They use fundamental analysis to understand what factors could cause a pair’s price…
Interactive Brokers Review- From A to Z!
Interactive Brokers boasts a comprehensive suite of research tools and trading platforms, making it an ideal choice for active investors. Plus, this broker is one of the few we’ve reviewed that provides no-transaction-fee mutual funds – an impressive feature! The company boasts an expansive Traders’ Academy portal and blog that provide market commentary. Furthermore, it…
The Best Day Trading Brokers- Top 7!
Want to know which the best day trading brokers are but don’t know where to start? Well I have compiled a list of the top brokers you can trade with if you are passionate about day trading! The best day trading brokers offer a range of tools to help you trade currencies, stocks and ETFs….