New traders often wonder which time frames to watch while day trading stocks. Do you use tick charts and a five-minute chart for context, or is it better to use a one-minute chart instead? Is a 15-minute or hourly chart more effective at monitoring major support or resistance levels created over the
The non-farm payrolls report is one of the most-anticipated economic news reports in the forex market. It is published the first Friday of the month at 8:30 a.m. Eastern time by the U.S. Bureau of Labor Statistics.1 The data release actually includes a number of statistics, and not just the NFP
On the surface, day trading looks like it should be easy. Jump in and out of trades as the price moves, make a little profit and repeat the process tomorrow. Unfortunately, many dangers are lurking in the markets for day traders and new day traders are unaware of these dangers and how
Every trade requires an exit, at some point. Getting into a trade is the easy part, but where you get out determines your profit or loss. Trades can be closed based on a specific set of conditions developing, a trailing stop loss order or with the use of a profit
Copy trading has been very popular since it was invented among most investors worldwide. Copy trade allows an advanced trader to be copied by an investor, which can help the investor maximize risk control, raise profits, and minimize losses. In the past, when an investor tries to copy other traders’
In the mid-90s, a digital asset is a digital entity owned by an individual or company. Examples include digital photos, videos, and songs. These assets are not tangible, meaning they have no physical presence. Today, inventions such as cryptocurrencies are part of the digital asset revolution. Bitcoin represented the biggest change to the meaning of the term digital asset to date.
Key to the execution of successful buy and sell orders is the identification of support and resistance areas on the charts. Cryptocurrencies are highly volatile assets. That means that there is a wide difference between the lowest and highest prices for any particular trading day; a lot more than many
What is Ethereum? Lauched by Vitalik Buterin in 2015, the co-founder of Ethereum blockchain. Ethereum is an open-source platform for builders to launch decentralized applications, smart contracts, shared ledgers, and other financial and legal applications. The platform is completely decentralized free from the scrutiny of middlemen, one of the prerequisites
Cryptocurrency payment gateways are: Borderless payment networks. Allow smooth transfer of cryptocurrencies Enables merchants and users to do transactions in bitcoins and altcoins. Why should merchants accept cryptocurrencies like Bitcoin? Since the number of users of virtual currencies is increasing day by day, many countries are in the process of
