The Pattern Pulse - 18 April 2024
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- April 18, 2024
Common Forex Scams and How NOT to be the Next Victim The Forex (Foreign Exchange) market is massive, with more than 6 trillion US dollars daily average trading volume. Over the last decade, more investors have immersed themselves into the foreign exchange market, and it has been more popular than ever. Forex investment is a
READ MOREReading time: 10 minutes Boasting a long and colourful history, Japanese candlestick charts are universally acknowledged within the technical community as a means of displaying price action across multiple time periods (timeframes). Steve Nison is an author who is credited with showcasing the power of candlestick pattern analysis to the western world. The author is
READ MOREReading time 7 minutes What is a Demo Account? A demo account is in place to facilitate simulated real-time trading conditions, virtually the same functionality as a live trading environment. It’s a great educational tool, as you can practice your new trading strategies. Whether you choose technical analysis or fundamental analysis, here is the place to hone in on your skills and experience market conditions before entering into a real account. Setting up
READ MOREReading time: 7 minutes Contracts for Differences (CFDs) are financial instruments that allow users to speculate and hedge positions in the financial markets without taking any ownership of the underlying assets. CFDs utilise leverage to allow for greater market exposure and deliver an arrangement whereby the settlement differs between the opening and closing price of
READ MOREReading Time: 8 minutes Note: Figures are derived from the Triennial Central Bank Survey – Foreign exchange turnover in April 2019. Recognising which currencies dominate the global foreign exchange market (Forex market) is important, a decentralised domain boasting a mind-blowing US$6.6 trillion daily volume. Followed by FX swaps at 47 percent, the volume of spot
READ MOREReading Time: 6 minutes ‘Energy and persistence conquer all things. – Benjamin Franklin. The foreign exchange represents a system designed to facilitate the exchange of foreign currencies. Commanding an immense presence, the foreign exchange operates through an over-the-counter structure: a global network of banks, dealers, and brokers that permits a 24/5 trading environment. The foreign
READ MOREReading Time: 7 minutes As underlined by Qontigo’s global index provider STOXX Ltd. in early September[1], Germany’s flagship DAX 30 index, or Deutscher Aktien Index, welcomed ten additional member companies on 20th September 2021, together with firmer rules. This marks a significant overhaul in the 33-year plus German benchmark index, which since inception operated with
READ MOREWhat is Forex? The foreign exchange market or “forex market” is where foreign currencies are exchanged for one another. Forex is the largest financial market in the world with the most liquidity. The forex market is traded 24/5 and has over $6 trillion daily turnovers, dwarfing stock market exchanges such as the NYSE that have
READ MOREForex market offers many options for traders to gain and achieve financial goals. On the other hand, they can also be ferocious because of the hesitation they bring. Forex traders need to have knowledge and skills to be successful. It is overwhelming to know where to begin. When you start trading, you feel that there
READ MOREThe number of crypto’s investors Cryptocurrencies have become increasingly famous with investors, traders, and other market participants all over the world. An estimated 100 million people now have this blockchain technology’s electronic money in their digital pocket. The rise of cryptocurrency trading is growing into a multi-billion dollar industry that allows investors to buy
READ MOREOne of the most important parts of your journey in trading the forex market is figuring out your trading style. The more comfortable you are with a trading style, the better. When choosing a forex trading strategy that suits you, you need to think about what type of person you are, and where your skills
READ MOREKnowing your trading platform inside and out is essential for forex traders to improve their technical analysis on the MT5 & MT4 platform. The following tutorial aims to help those who trade forex gain mastery over their trading platform and gain the edge they need in the forex market as they trade currency pairs and
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