5 Tips You Need for Placing Your First Trade in MetaTrader 5
- Trading, Trading Knowledge
- June 17, 2022
Reading time: 8 minutes The Forex market is a challenging arena. At times, volatility is almost stationary; other times it’s enough to take your breath away. However, there are traders and investors who still consistently manage to generate returns. Most traders/investors are knowledgeable in technical analysis but few take the time to master fundamental analysis.
READ MOREReading time: 8 minutes In Part 1, you were introduced to Purchasing Power Parity (PPP). An alternative to using PPP is Interest Rate Parity (IRP). Although a more complex concept, it’s a crucial aspect to understand to conduct Fundamental analysis. For example, assume the US Federal Reserve (Fed) announced a change in its benchmark interest
READ MOREReading time: 8 minutes Exchange rate movements are often erratic and, according to many academics, unpredictable. Throughout history, however, economists identified a number of factors to help determine the direction of exchange rates, a practice referred to as fundamental analysis. FX Trading: Fundamental Analysis Vs. Technical Analysis To trade Forex, two primary vehicles are used:
READ MOREUpdated: 15th December 2021 Reading time: 7 minutes Indexes, or indices, are a representation of the value of a subset of a market, whether that subset is small or almost the entire market. While stock indexes are the central focus here, it’s important to recognise different indexes exist in other financial markets and function
READ MOREIn comparison to the futures market, beginning in 1710 at the Dojima Rice Exchange in Osaka, Japan, contracts for difference, or CFDs, are still very much in their infancy. Much credit goes to UBS Warburg’s John Wood and Brian Keelan for their work with CFDs in the early 1990s initially traded among financial institutions. However, nobody
READ MOREStock indexes, such as the UK’s FTSE 100 and the S&P 500 (as well as the Dow Jones Industrial Average) out of the United States, are an important part of the financial market and are frequently acknowledged in the evening news and across major financial networks. Yet a stock index is nothing more than a
READ MOREOne of the biggest mistakes Forex traders make is addressing trading as a hobby. The reality is trading Forex (foreign exchange) is a business and should be processed as such. What separates professionals from hobbyists are professionals are prepared, and willing to go that extra mile. Before you embark on a quest to master the
READ MOREThe main challenge for new traders is information overload. Newer entrants often suffocate charts with technical indicators, seeking the holy grail of trading strategies. Price action, however, proposes a cleaner alternative. Some traders refer to this as ‘trading naked’. The Basics All financial markets generate data – data that can be observed through price charts.
READ MOREThe things you say to yourself is often what is done. Jim Carrey, a Canadian-American actor, is known for his faith in positive affirmations and thoughts. Before his success, Carrey boldly wrote himself a cheque for 10 million dollars for acting services rendered, dated 10 years in the future (Thanksgiving 1995), and kept it in
READ MOREHaving a way to identify the market’s ebb and flow is essential. Support and resistance considered a foundation of technical analysis, represent horizontal lines, serving as a tool to map price movement, and, ultimately, estimate future direction on bar or candlestick charts (there are other chart types available, though these are the most common). Aside
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