Bid-Ask Spreads in the Retail Forex Market The bid charge is what the supplier is willing to pay for a currency, whilst the ask rate is the fee at which a provider will sell the same currency. For example, Ellen is an American vacationer traveling Europe. The value of purchasing euros at the airport is as follows: EUR 1 = USD 1.30 / USD 1.40 The higher price (USD 1.40) is the price to buy each euro. Ellen needs to buy EUR 5,000, so she would have

Forex trade, like any other profession, is associated with losses, but the consequential loss creates a psychological gap in which the trader will be incapacitated by dealing with the trading table. Mark Douglas explains in his classic “Disciplinary Trader”: “Fear of loss actually causes loss.” The limits of losses, rather

How to Trade Forex When trading forex you are exchanging the value of one currency for another. In other words, you will always buy one currency while selling another at the same time. Because of this, you will always trade currencies in a pair. Most new traders will start out by

Spread Starting forex trading has never been easier. Now there are more and more top forex brokers offering great deals, powerful educational infrastructures, and more to attract your business. This is great for you as a potential forex trader, so long as you know some key points about trading forex.

MFE is very useful because it can help you see if you are doing any of the following: Letting your trades run longer than they should Not locking in profits quickly enough Setting your profit targets too far away For example, this trade was stopped out shortly after entry. But

Bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or “engulfs” the smaller up candle. The pattern can be important because it shows sellers

A bullish engulfing pattern occurs after a price move lower and indicates higher prices to come. The first candle, in the two-candle pattern, is a down candle. The second candle is a larger up candle, with a real body that fully engulfs the smaller down candle. These two patterns are

What is a Bullish Engulfing Pattern? The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend and is a combination of one

A kicker pattern is a type of candlestick pattern that predicts a change in the direction of an asset’s price trend. This pattern is characterized by a sharp reversal in price over the span of two candlesticks. Traders use kicker patterns to determine which group of market participants is in

What Is a White Candlestick? A white candlestick depicts a period where the security’s price has closed at a higher level than where it had opened. A candlestick will show the security’s open, high, low, and close for the user-specified time period. Candlestick charts are convenient for technical traders because