Forex made Easy
The XAUUSD PIP calculator is an indispensable tool for traders seeking precision in their trading strategies involving the XAU/USD trading pair. As one of the most traded pairs in the forex market, understanding the pip movements in XAUUSD is crucial for making informed trading decisions. This calculator allows traders to accurately calculate the value of … Read more
I am going to break this frequently asked question regarding forex lot sizes and show you the recommended lot size forex trading. When trading forex, the right lot size is important for your trading capital. The lot size a forex trader uses tells a lot about a trader’s risk management. Brokers usually offer their clients … Read more
In this article, we will focus on boom 1000 index brokers as for a long time now forex and stock market owned the financial market, however, in recent times, there are others like cryptocurrency and now synthetic indices. There are hundreds of indices offered by different brokers, these indices function in different ways based on … Read more
First, this trading term above is the basic principle of how the forex market works; market structure in forex is what determines the direction of the market. That being said, market structure is formed every day in our trading chart, however, if we are unable to recognize or identify them when they are formed we … Read more
The 8 13 21 EMA strategy stands as a testament to the power of simplicity in the world of trading. Utilizing the dynamic interplay of three EMAs – the 8-day, 13-day, and 21-day – this strategy has gained popularity for its ability to identify trends and potential entry and exit points with remarkable precision. While … Read more
Getting the best moving average for 4 hour chart shouldn’t be a standalone strategy, the trader must first run a proper market analysis on the pair then the 4 hour chart moving average can be a secondary option for trading. Moving averages is one of the most popular forex trading indicators amongst traders; it is … Read more
Every trader needs to know how to set stop loss and take profit in MT4 as MT4 is widely used. To win in forex trading and using the MT4 platform, you must have a risk management plan on the level of loss your account would take per trade. That being said; irrespective of how much … Read more