With the breakout trading technique, you take a position at the start of a trend in the hopes of making money from the numerous trades that will come after. Discover the best entry methods for breakout trading as well as how to spot breakouts before they happen. A breakout occurs when the price of a…
The US Dollar Index (DXY, DX, USDX) measures the value of the US dollar in relation to a basket of other currencies, including those of the US’s major trading partners. The Dollar Index rises when the US dollar strengthens against the basket’s other currencies and falls when the dollar weakens. The US Dollar Index compares…
With Liz Truss resignation, the race for the Conservative Party’s next leader has begun. Because the law requires that there always be a Prime Minister, Truss has stated that she will remain in the position until her successor is named. The search for a replacement after Liz Truss resignation is expected to be completed by…
Economic downturns are unavoidable. They will appear when they are ready, not if they are ready. The following question for currency traders is, “Is the forex market recession-proof?” The answer is no, and this necessitates a response from forex traders. Consideration must be given to the type of recession involved, as well as making the…
When first starting out in trading, one of the most important aspects is deciding on forex trading platforms to exploit. Nowadays, there are so many options to choose from that beginners can easily become perplexed. What exactly is a trading platform, and how can you make an informed decision? Let’s figure it out right now….
Forex risk management involves implementing a set of guidelines and safeguards to make sure any unfavorable effects of a forex trade are controllable. Since it is not a good idea to start trading and then try to limit your risk as you go, an efficient approach necessitates careful planning from beginning to end. Exchange risk:…
Jim Simons is one of the most successful hedge fund managers in history. He is a mathematician and the founder of Renaissance Technologies. His hedge fund specializes in system trading using statistical analysis of historical price data. Back in the day Jim would literally go to the world bank to get price quotes as far back…
One Week Pip Signals
A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on. Popular forex indicators include moving averages, relative strength index (RSI) and average true range (ATR). A…
5 Bar Reversal is an intraday trading strategy. It is universal and can be applied to most of the currency pairs available on the market. It is used on the 5-minute timeframe. The strategy is based on the readings of two standard indicators: the RSI and a Moving Average.
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