Forex Tips
Forex technical analysis
In forex, hedging is a strategy that aims to reduce the risks associated with the trade. Forex traders can use hedging strategies in many different ways. For example, they may open buy and sell positions on two different currency pairs. This strategy works well when the two currency pairs have similar movements, or are correlated….
A pip is a currency trading unit that represents a change in exchange rate. This unit is also called a percentage in point or a price interest point. This article aims to provide an understanding of the meaning and value of a pip. Understanding the value of a pip A pip is a unit of…
Learn how to read candlesticks to identify price extremes and momentum in the market. This is a vital skill in day trading. There are many candlestick patterns you can learn, including the Bullish harami cross and price intervals. Using candlesticks will help you focus on the market’s price extremes and momentum, and will help you…
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When a market starts an uptrend, it is possible to detect a bearish candlestick pattern. However, it is very risky to take a short position during this pattern. To minimize the risk, you should wait for a full day before deciding to short a stock. If you have seen a bearish candlestick pattern, you should…
A bullish fractal is formed when the lowest low point is flanked by two higher low points. The bullish fractal is often used on currency pairs, but it can also be used on other assets. It can also confirm a trend reversal. The Alligator indicator can be used to confirm this scenario. Chart patterns In…
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There are a variety of forex indicators that can be used to predict market movements. Some of these indicators can be useful in spotting market reversals. The Parabolic SAR indicator is a useful tool for this purpose. It indicates the beginning of an uptrend or downtrend by dots shifting from above to below the exchange…
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Automated forex trading platforms are a great way to make a lot of money in the forex market, but they’re not perfect and won’t guarantee an endless streak of successful trades. In order to avoid serious losses, it is important to choose a trading platform carefully and keep a checklist of features and customer support…
There are two basic types of bullish candlestick: the bullish and bearish. A bullish candlestick will be green while a bearish candlestick will be red. These two types of candles will be different in height, and the height of one will indicate which side is winning the trading session. When the bullish candlestick is green,…
A foreign exchange (“forex”) trader in Nigeria needs to see data that isn’t available on standard price charts. They use technical analysis tools to gain additional insight, and while references to these tools may appear to the uninitiated as gibberish, they are easy to understand once explained. They typically use statistics, chart overlays, and technical…
