Leading Indicator
Leading Indicator Foremost, indicators are called “leading” since they are intended to send signals before a price movement occurs. Enabling traders to make decisions in advance. Furthermore, a trading strategy can be improved by combining many leading indicators with other types of analysis. Moreover, even though no indicator can ensure precise forecasts. Relative Strength Index […]
Fundamental Analysis
Fundamental Analysis Fundamental analysis is a technique for studying financial markets, such as the foreign exchange (forex) market, by looking at economic, social, and political variables that could affect the value of currencies. The intrinsic value of a currency has to be ascertained, and trading opportunities are to be found. The main elements of fundamental […]
Fundamental Indicators
Fundamental Indicators Forex traders frequently track the number of fundamental indicators to evaluate the state of economies and probable currency moves. As for the following these crucial fundamental indicators for forex are listed below Gross Domestic Product (GDP) As we all know, GDP is a metric used to assess a nation’s economic performance and expansion. […]
Lagging Indicator
Lagging Indicator In forex trading, lagging indicators support and corroborate prior price moves and patterns. All because whenever they send signals after a price shift has occurred, they are known as “lagging” indicators. Although they might need to improve forecasting future price fluctuations, they can help validate trends and offer further information. The following are […]
Guide to become a Profitable Trader
Guide to become a Profitable Trader Guide to become a Profitable Trader comes from discipline. Improving daily as a trader is the best way to achieve long-term financial goals. My question is: “How will you achieve them?” A combination of knowledge, experience, discipline, and ongoing growth is necessary to become a better trader. Improving yourself […]
Importance of Backtesting
Importance of Backtesting What is Backtesting Importance of Backtesting. To start with, Backtesting is a procedure used in trading to assess a trading system. It is also a strategy’s effectiveness based on past data. It entails simulating hypothetical trades and evaluating how the strategy would have performed historically by applying a set of established rules to […]
Pointers for Beginner Traders
Pointers for Beginner Traders Tips before starting your forex trading journey Pointers for Beginner Traders. Online Trading is intimidating most of the time because of the market’s volatility but many traders start their journey with forex trading. Are you ready to start your trading journey with forex? If YES then here are some tips that […]