What Is a Red Candlestick? A red filled candle is common and occurs when the close is below the open and prior close. A hollow red candle is when the close is below the prior close, but above the open. Charting platforms may differ in how they draw candlesticks; some

Investing in the foreign exchange markets includes buying and selling one foreign money in trade for some other at a preset alternate rate. Therefore, currencies are quoted in phrases of their charge in every other currency. The foreign exchange unfold is the difference between the trade price that a foreign exchange broker sells a currency, and the price at which the broking buys the currency. The foreign alternate market, with its every day change volume of $5 trillion, has many participants, which includes forex brokers, retail investors, hedge funds, central banks, and governments. All

The forex market is the biggest monetary market in the world. Trading in the foreign exchange is no longer executed at one central place but is conducted between individuals with the aid of smartphone and electronic conversation networks (ECNs) in a range of markets around the world. The market is open 24 hours a day in special parts of the world, from 5 p.m. EST on Sunday till four p.m. EST on Friday. At any factor in time, there is at least one market

1. Get a Sense of Direction It is continually beneficial to change with the trend, at least if you are a beginner scalper. To find out the trend, set up a weekly and a day by day time chart and insert trend lines, Fibonacci levels, and moving averages. These are your “lines in the sand,” so to speak, and will characterize guide and resistance areas. If your charts show the vogue to

Danger exists with the rewards that come with spread betting. “For those who are asking, “Is gambling spread betting? – “No” is the answer. But that doesn’t mean there’s no chance of money being wasted. Practicing careful risk management is one of the most critical factors in putting together a

Bar charts are one of the most popular trading chart types. They provide a lot of information that the day trader can use when making trading decisions and are relatively easy to read and interpret. Bar charts consist of an opening foot facing left a vertical line, and a closing foot

Both tick charts and times are essential for traders to understand and the trader may find the use of one chart over the other better suits their trading style. Tick charts create a new bar following a tick—the previous set number of trades—either up or down. Time charts use the

A leak in the customer database of the maker of the crypto-cold store wallet maker Ledger puts over a quarter of a million Bitcoin and Altcoin investors at serious risk. Some had their accounts emptied, while others were at extreme risk of harming their families and homes. The situation sheds

Profit-taking is the world’s easiest career. However, if we want to squeeze every penny from a deal, we need to trade smart. Ideally, when you develop your account you would like to aim twice as much as you are losing, so a risk: reward ratio of 1:2. This would significantly

This is a bet, similar to a guaranteed order, where a spread betting provider will guarantee that after a certain price level is reached, you will exit a spot. This eliminates the risks associated with uncertainty, but to place a stop order on a bet, there could be a small