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…
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…
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…
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,…
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…
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.…
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…