Forex made Easy
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
One of the challenges forex traders face is how to know when a trend is ending, which is a very important aspect of trading, knowing this will change your trading career and give you confidence with your entry. That being said, there are many ways to identify when a trend is ending, however, in this … Read more
This is not a straightforward answer as making money in forex will depend on the trader’s experience, trading capital, and risk management. There are no limits on how much you can make trading forex, however, most people forget that you can also lose everything in your trading account. Forex traders and intending forex traders always … Read more
Everyone understands that substantial capital is required when trading forex, but we still see many traders asking questions like “How to trade forex with $10.” While this is possible, in my experience, it will not be fun or easy because you will be severely limited in what you can do in the forex market. That … Read more