In Forex trading, stocks, commodities or trading any other cryptocurrency, charts are always used and analysed in order to make a wise decision for trading. In this article, we will be discussing how to read, analyse and understand the charts used for trading. We will use the chart of a ...
The foreign exchange market, commonly referred to as the forex or FX, is the global marketplace for the trading of one nation's currency for another. The forex market is the largest, most liquid market in the world, withtrillions of dollarschanging hands every day. It has no centralized lo...
The foreign exchange market—also called forex, FX, or currency market—was one of the original financial markets formed to bring structure to the burgeoning global economy. This asset class makes up the largestfinancial marketin the world in terms of the value of currency units being traded. As...
If Country A had to import a lot of products, that could serve to bring the value of Country A currency down, since Country A would have to exchange a lot of its own currency for foreign currency at the forex market to pay for the imported goods. When Country A wants to sell a lot...
Back to news Forex charts are an essential part of making money on the exchange and learning how to read them is the key to your success. Hone your skills and increase your chances of making money with this short guide. Getting to grips with forex charts What is a forex chart? A ...
However, in the Forex market, the arithmetic scale is the most appropriate chart to use because the market doesn't show large percentage increases or decreases in the exchange rates. On an arithmetic chart equal vertical distances represent equal price ranges - seen usually by means of a grid ...
Back to top 2. See the Trend In the financial trading world, there’s a saying that “the trend is your friend.” Think of trends as projections linking past behavior to the future. Knowing how to read forex charts means being able to detect and map out a trend. This is a prerequisit...
The global foreign exchange market is the biggest and leading financial market worldwide. The possibility to gain significant profits attracts traders and investors of all levels. Since accessibility in the market is quite easy, many forex traders quickl
The first step: Learn to identify a trend with nothing but raw price action As you probably already know, there are tons of different indicators that you can put on your charts to ‘help’ you identify a trending market and trade with it. Many traders spend countless hours and dollars on...
So “forex trading” can be defined as the process ofspeculating on currency prices to try and make a profit. The value of a currency is influenced by economic, political, geopolitical events, and trade and financial flows. Placing a trade in the foreign exchange market is simple. ...