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Beginners

Fundamental vs Technical Analysis: #9 differences that matter

For starters, there are two types of analysis- fundamental and technical analysis. The former calls the later as pseudoscience or voodoo science, while the latter shrugs it off saying ‘as long as I’m in profit, what matters’. But, for a new trader, a question always lingers in mind, which side he/she should opt in- Fundamental vs Technical Analysis. Let us have a brief glimpse of what is what, first. Fundamental Analysis It is the study of accounting books of a company, its stakeholders, and the management’s competency to deliver profits, in the case of stocks. In forex, it turns [...]

Fundamental vs Technical Analysis: #9 differences that matter2019-05-13T17:19:35+04:00

3 Best Trading Sessions out of the 24×5 Forex market hours

5 Trillion worth transactions per day, 24/5 Forex market hours -- these are the main catches that entice Forex traders to start trading. But in reality, should you trade every minute and second? Let’s break the myth -- know the 3 best trading session in Forex, when high impact trades occur and recur. (There are 9 such insane myths in Forex trading. Get to know it here) Let us define the major sessions of the Forex market first, which helps you to understand the logic behind the formulation of best Forex trading sessions. 4 Major sessions in the 24/5 [...]

3 Best Trading Sessions out of the 24×5 Forex market hours2019-05-17T09:18:31+04:00

Risk Management: #9 tips to master the finesse art in Forex trading

Forex Risk Management 'Higher the risk, greater the return' - the most cited excuse by traders when they take on a risky endeavor. But they tend to conveniently forget that risky trades have a low success rate too. Also, generally in trading (in most cases), the number of losses exceeds profits. Traders overcome this predicament by earning more profits in their successful trades.  Hence, risk management takes precedence over strategy in Forex trading. Because to stay long in the league, one needs to cut short his losses and make the most whenever he is right. What is risk management in Forex [...]

Risk Management: #9 tips to master the finesse art in Forex trading2019-03-12T10:31:02+04:00

Stop loss order : The unsung hero of the trading fraternity

Stop loss is a type of order through which a trader specifies to his/her broker to exit the holding position automatically, on the event that price moves contrary to the expectation. It is crafted to minimize the loss when unprecedented moves happen (it does 90% of the time) and the trader is not caught off-guard. For example, let us say you're holding a long position in the EUR/USD bought at 1.14000. And it moves to 1.13000. If you're confident that it will bounce back and head to your anticipated price, then the relevance of stop-loss order doesn't come into [...]

Stop loss order : The unsung hero of the trading fraternity2019-03-12T10:32:25+04:00

Candlestick chart or bar chart? Which OHLC chart should you use?

Which chart type should I use - Candlestick chart or OHLC chart (Bar Chart) or even the line chart? The reverberating question on any trader’s mind. You toggle between each type, yet you can't make it out, at times. This article will take a deep dive on the three types of charts and enlighten you on all the hidden aspects. Candlestick chart The most widely used chart among the trading fraternity. As a matter of fact, the candlestick chart is also an OHLC chart. OHLC simply means- Open, High, Low, Close. Any chart which gives open, high, low and [...]

Candlestick chart or bar chart? Which OHLC chart should you use?2019-05-25T10:45:36+04:00

Forex basic terms: Pip, Leverage and margin

A pip is the smallest unit of measurement in Forex Trading. Pip refers to the fourth decimal of the currency quote if the currency pair has either fourth or fifth decimal value. If the pair quotes only decimals up to second or third, then pip is the second decimal value. Japanese yen pairs are the ones that quote up to two or three decimal. For better understanding, let us define the currency quote first What is a Currency Quote? A currency quote refers to the value to which one currency is exchanged for the other. As you are aware [...]

Forex basic terms: Pip, Leverage and margin2018-12-10T18:34:31+04:00

Forex Market: An Intro to Major, Minor and Exotic Currency Pairs

ForEx, as the name suggests is Foreign Exchange market. Forex market is the place where people buy and sell currencies. And there are three types of currency pairs- Major currency pairs, Minor currency pairs and Exotic currency pairs. The need for Forex Market Why should anyone buy and sell currency pairs? Take you, for example; you are traveling from the US(assuming you're a US citizen) to France. You feel the need to buy a painting for your wife, from France, which you cant buy with US dollars. So you exchange the US dollars for Euro. As a result, you [...]

Forex Market: An Intro to Major, Minor and Exotic Currency Pairs2019-05-13T17:22:18+04:00