In forex trading, the balance of payment is an important factor. It is the snapshot of a country’s trade with other countries and influences the demand for and supply of that country’s currency. In the current account portion of the balance of payments, the exchange rate of the currency is recorded. But this aspect of…
Month: September 2022
Maintaining a Consistent Strategy for Trading
Traders often like to tweak their strategies to improve short-term results. However, consistent strategies are based on doing the same thing consistently over time. The apt way to attain consistency is to set a daily trading routine, choose consistent trading hours and apply the right risk management techniques. In addition, it’s crucial to have a…
What are Wide Ranging Bars in Trading?
A wide-ranging bar in trading can be a very useful tool for trading. They can be used to identify a trend halt, a reversal signal, or a halt in momentum. However, the exact meaning of a wide-ranging bar depends on where you place the bar in the chart. Inside bar chart pattern An Inside Bar…
What Are Trading Statistics?
Trade data is a compilation of statistical data about international trade. It is usually organized by commodity, country, and time period. The data are helpful in understanding the overall economic health of a country and can help businesspeople improve their strategies. To learn more about trade statistics, read on! Listed below are a few examples….
The Bottom Line of Forex Trading
The bottom line of forex trading is that the market is not your friend. Even if you have a great trade setup and are profitable, you could still lose your trade. This is a normal part of forex trading, and a loss can teach you a lot. Learn how to evaluate the market and make…
Popular Stop Loss Strategies
A time-based stop loss strategy may be used in addition to a volatility stop or a confluence stop. The time-based strategy helps traders place their stop losses relative to the market at a specific point in time. For example, if a price is trading above its moving average, it might be worth using a time-based…