A trading journal is a complete record of all your trading activity over time. It consists of writing down the results of all your trades in order to later assess your overall performance. Keeping such detailed chronicles also allows you to draw objective information when feeling upset and doubting your

YASIR UNCATEGORIZED DECEMBER 8, 2020 Leverage is the use of borrowed money (called capital) to invest in a currency, stock, or security. The concept of leverage is very common in forex trading. By borrowing money from a broker, investors can trade larger positions in a currency. As a result, leverage magnifies the returns

Here is some of the feature between gold and forex. Intrinsic value Gold is a scarce resource and has an intrinsic value which implies that it will always be in demand though not necessarily at the price you desire. Physical gold can be difficult to sell but gold ETFs can

Harmonic price patterns identify the stages of a retracement so that when the pattern is complete, you have a clear buy or sell signal. Retracements are vexing at all times and any help is always welcome, although with harmonic price patterns, the orthodoxy is to apply Fibonacci numbers. Again, Fibonacci

Elliot Wave Theory This theory proposes that in nature, many things happen in a five-wave pattern and the same is applicable to forex and other financial markets. The basic assumption here is that a given market will advance in a pattern of five impulse waves, which include three up waves,

What are Heiken Ashi? The Heiken Ashi indicator is an application that has gained in popularity recently after being relatively unknown. It was developed a few decades ago to improve upon the interpretation of Candlestick formations, which have been studied for centuries starting with rice merchants in Japan in the

Different traders have different reasons for choosing the Forex market. The truth is, Forex has a lot to offer for all types of traders, and there are plenty of reasons to trade Forex online. The main reasons why Forex is the top market to trade are explained in detail below.

A big part of understanding any market is knowing who the market participants are and getting a handle on the structure of the market. The Forex market is the largest market by cash volume in the world, with approximately $4 trillion worth of currency changing hands every day. Unlike regulated

One of the first steps any aspiring Forex Trader must do is decide on their choice of a Forex broker.  This is a very important decision and should be considered carefully.  There are several different types of Forex Broker models, but broadly speaking, they will typically fall into two main categories

Forex trading in Australia is very interesting for both international trader and Australian citizens themselves. All Australian based brokers must authorise by the Australian Securities and Investment Commission (ASIC).  All ASIC regulated brokers must passes a set of standards by the institution. It means all the activities that done by