A trader will use charts like the one shown above so as to try and determine the next likely direction of the Prices. From the chart above a trader can determine the direction of the gold prices from the price movements. A trader will use this chart to determine if the xauusd prices ar...
As such when 90 percent of the retail traders fail to materialize the market movements, the big players in the market make substantial profits.So it is essential for the retail forex trader to understand and operate in the same manner as big players do. Let us explore some of the tools th...
How to learn to trade successfully? Forexgann.com courses are designed for your current training level. Whatever it is. Starting from trading newbies to the most advanced, you will learn Powerful Strategies for Online Trading through the application of the WD Gann and Hedging technique with Call...
If you invest in a spot instrument, your pip value is always on the second cited symbol on a pair. Therefore, for a EURAUD/USD, the pip value is in U.S. Dollars. This is also applicable in commodity pairs like Gold XAU USD, so the pip value is usually in USD. When it comes to...
These major market drivers include institutional traders, hedge funds, big banks, and more. And the weight these traders pull on the markets can sometimes be staggering enough to drive trends. As retail forex traders, our best bet is totrade like big financial institutions. ...
How To Trade Key Chart Levels in Forex - Key market levels are the core foundation of all technical analysis and price action trading. By focusing on the raw price dynamics and key levels in a market, we can remove the clutter and confusion that so many
Example 1: EURUSD DAILY CHART Here we are looking at the current euro / dollar daily chart. You’ll note the red lines highlight the longer-term or “key” levels and the blue lines highlight the shorter-term or “near-term” levels. This is how all the examples will be in th...
Gold prices are surging as FED will do 50bps rate hikes as Polls suggested from 8 to 24% in March and tension between US and China. XAUUSD Gold price is moving in an Ascending channel and the market has reached the higher high area of the channel. ...