In the arena of active trading, the examination of a financial instrument’s price action over many different frequencies, compressions or time frames is known as multiple time frame analysis (MTFA). It’s a widely practiced method of examining instrument-specific pricing charts and a key aspect of technical analysis as a whole.
Divergence occurs when an asset moves in the opposite direction to a technical indicator, usually a momentum oscillator or relative strength indicator. When trading currencies, Forex divergence is typically seen as a sign that the current price direction is weakening and losing momentum, resulting in a possible change of direction.
Trend lines are fairly graphical representations of Forex price behavior that guide Forex traders’ decisions to buy, sell or even issue a stop order in trading. Rooted in the Dow Theory, market prices always indicate a ‘trend’ after discounting several factors such as the political environment that affect it. Thus,
1. Trend trading This involves looking for a new high or low that breaks from an old resistance by at least three pips and then opening a trade from there. Trading on trends requires you to learn how to spot (not predict) trends to profit from Forex. 2. Swing trading
1. Support and Resistance This is where you trade based on a breakout from important levels on the chart. You must first determine the support and resistance levels on a higher time frame and then switch to lower time frames. Go short if the price action breaks a support level
1. Exchange v/s OTC The stock markets are traded at a stock exchange. One of the most well known examples can be trading stocks at an exchange such as the New York Stock Exchange (NYSE). Trading at an exchange come with certain benefits. For one, traders and investors get access
What Is Encryption? Encryption is a process that encodes information so that it is unreadable unless decrypted by someone with knowledge of the decryption key. Encryption can be as simple as changing letters around to adding advanced computer algorithms that need a key to be deciphered. The actual encrypted message
Billed as the future of real-world payment technologies, the jumpstart of digital wallets or e-wallets have put real-world pressure on many retail outlets to embrace e-wallet payments. Unlike e-banking, e-wallets allow consumers to put a specified amount of cash directly on their phone to spend both online and in-store. Unfortunately,
Every time you buy something with a debit or credit card, your bank learns a little bit more about you. It already knows your personal details age, address, phone number, employment status, marital status, income, etc. And increasingly, thanks to the decline of cash and rise of card payments, it
