If you’ve ever placed a XAUUSD trade during the wrong hours and watched price grind sideways for hours before hitting your stop loss, you already know the problem. Gold doesn’t move the same way all day. At certain times, it trends cleanly with tight spreads and strong directional momentum. At others, it chops in a…
Gold continues its multi-week recovery from the March 26 lows, now trading around $4,830 — but price has entered a well-defined supply zone between $4,836 and $4,882. With weekly momentum still pointing upward, the question for today is whether bulls can absorb the overhead selling pressure or whether a corrective pullback is due first. Market…
In comparison with other investment methods, trading on the Forex market has a huge number of opportunities for investors and traders. One of the reasons why the Forex market has become so popular is that most brokers provide leverage. Experienced traders know all the advantages and disadvantages of leverage. Unfortunately, beginners often do not pay…
Trading is something that you have to be sure about before investing in. These days there are numerous places and ways that you can trade in. It is quite overwhelming for a newcomer in the industry. But you can test the waters in almost everything to get yourself acquainted with your forte. The most common…
For most traders who trade in the Forex market, the main key for successful trading is the trend and finding signals of whether the market is moving in one direction or another. Almost every trader who has succeeded in trading in the international foreign exchange market uses trends as part of his trading strategy. It…
Understanding the idea behind pending orders in the Forex market can seem at first a rather difficult task for beginners. We will explain the way they are used and why they are more complex compared to the usual market orders. Pending orders allow traders to automate the trading process and monitor the market even when…
Even though, gaps in the Forex market are quite rare, you need to know what they are and how you can use them in your trading. But firstly, we need to understand what a gap is. “Gap” is an empty space on the price chart. Imagine the price moving smoothly up, and then there is…
The Fibonacci indicator is very often used by traders when trading in the Forex market. Fibonacci levels are very versatile in their application, so it is not surprising that so many strategies include this indicator. Fibonacci levels are not just an indicator, there is a whole philosophical concept, behind which lies the mathematical justification. You…
If you’re planning to venture into the Forex market, one of the most important decisions you’ll make is choosing a reliable and trustworthy Forex broker. With over $4 trillion traded daily, the market is full of brokers claiming to be the best. But not all brokers are created equal. This guide will help you identify…
Risk is one of the things that haunt traders from investing their money. Newcomers fret over it and often overestimate a thing. When delving into foreign exchange you have to be sure about your position and also make it safe for yourself. As you get more expertise in the field you can utilise strategies like…