The term “Harmonic” applies in many sectors like physics, music, acoustics, and power. In currency markets, the Harmonic Patterns describe that trends are harmonic in nature, meaning they can be divided into smaller or larger waves to predict the overall trend. Harmonic patterns are chart patterns that form part of ..Read More
What is an ECN forex broker? An ECN forex broker is an expert who uses electronic communications networks (ECNs) to provide its forex trading clients direct access to other participants in the currency markets. Because an ECN forex broker consolidates price quotations from several market participants, it can generally offer ..Read More
Naked forex trading is defined as trading without the help of indicators. It can also be called price action trading. Naked trading can be considered a type of technical analysis because it is the only information a trader has at his/her disposal. In forex, traders commonly use indicators to measure ..Read More
The Forex market is now easier to trade compared to what it used to be in the past before there were so many forex brokers to choose from. In the past, the foreign exchange market was traded mainly by banks and organizations. Currently, anybody with an internet connection, trading platform and brokerage ..Read More
Line Break charts are forms of charts that measure price fluctuations without time intervals. They consist of a series of bars that form lines, showing closing prices. The charts were first discovered in Japan and introduced in the west by Steve Nison. The Line Break chart is a “more subtle ..Read More
The Martingale forex strategy involves doubling the initial amount every time it becomes a losing trade. The idea is to try and cover all previous losses with a winning trade. However, if the positions keep on increasing and that winning trade does not come, this can lead to disaster. I ..Read More
Cryptocurrencies are a risky but potentially lucrative investment. A lot of people have made a fortune on these new digital currencies. But before you jump in head first, it’s worth doing your due diligence. Cryptocurrency markets can be volatile and unpredictable, so make sure that you’re making an informed decision ..Read More
Overview More people in Kenya are putting their money into the world’s largest and most decentralized market, Forex. If you don’t use a regulated broker, the inherent risk of forex trading may be increased, despite the many advantages. Regulated brokers ensure that traders have a fair dispute resolution process and ..Read More
Overview All throughout the world, forex trading is becoming more and more popular. Nigeria is a major hotspot for retail forex trading, as indicated by the rise in daily deals. Demand for the best forex and CFD trading apps in Nigeria is soaring, and the supply is responding. Each program ..Read More
Bitcoin is a digital currency that is bought, sold, and traded online. The IRS ruled in 2014 that bitcoin can be treated as property, not currency. Any crypto you hold in your retirement account will be taxed the same as other investments. Many people are discovering that they can use ..Read More