The Pattern Pulse - 25 April 2024
- Popular Posts, Recent Posts, Technical Analysis, Trading Knowledge, Trending Now
- April 25, 2024
Reading Time: 10 Minutes There is no simple Forex strategy; what is easy for one trader can be difficult for another. All strategies take determination to learn and implement. The results can be overwhelming and confusing if you Google Trading Strategies. Some results define strategy as scalping trading, intraday trading (day trading), swing trading, and
READ MOREReading Time: 8 Minutes The rise in popularity of cryptocurrencies remains evident and has led to an increase in newcomers entering this industry. If you are a beginner trader in cryptocurrency investment, it is recommended to educate yourself on the fundamentals of support and resistance zones and how to utilize this information to generate profitable
READ MORECryptocurrencies, especially Bitcoin, have become extremely popular assets globally. A report published in 2021 estimated that the number of crypto holders will surge to over 1 billion in 2022. Of course, the weak performance of cryptocurrencies in 2022 has hampered this growth. In this article, we will assess the difference between hot and cold crypto
READ MOREForex traders use several approaches to determine whether to buy or sell a currency pair. Fundamental analysis uses economic data and news to predict whether a pair will rise or fall. Technical analysis, on the other hand, focuses on charts to identify potential entry and exit points. It entails using indicators like the average directional
READ MOREThe forex market is made up of several participants, who are grouped into institutional and retail traders. Institutional traders refer to large companies like investment banks and hedge funds that have giant trading desks and billions in assets. Retail traders, on the other hand, are individuals who trade from their personal accounts. Institutions like UBS,
READ MORETechnical analysis is an essential part of forex and CFD trading. It refers to the process of assessing chart patterns and predicting whether a currency pair will rise or not. Technical indicators are useful in doing this analysis. A trader can use hundreds of indicators to analyze charts and make informed decisions. The difficulty of
READ MORECryptocurrencies and forex are two popular financial assets among day traders. Forex refers to currency pairs like EUR/USD and GBP/USD while cryptocurrencies are digital coins like bitcoin and ether. A contract for difference (CFD) is a financial derivative that enables people to trade assets without holding the real asset. They simply give them exposure to
READ MOREReading Time: 8 Minutes It must be said and must be fully accepted that all investing and trading carries risk. Granted, some instruments are riskier than others, however. We can, as informed traders and investors, nonetheless, mitigate risk as much as possible. Serving as the largest financial market in the world, the Forex market (foreign
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