On-Balance Volume (OBV) is a technical analysis indicator that uses volume flow to predict changes in stock price. It was developed by Joe Granville in the 1960s and has since become a staple tool for traders. What is On-Balance Volume (OBV)? OBV is a momentum indicator that measures buying and […]
EUR/USD
In the world of forex trading, major currency pairs are the most frequently traded and widely recognized pairs. These pairs typically involve the currencies of the world’s largest economies and are known for their liquidity and tight spreads. Understanding major currency pairs is essential for any forex trader, as they […]
Day trading is a popular forex strategy where traders open and close positions within a single day. This approach aims to capitalize on short-term market movements and avoid the risks associated with overnight positions. What is Day Trading? It involves buying and selling financial instruments within the same day. The […]
The Martingale strategy is a high-risk, high-reward forex trading strategy that involves doubling down on losing trades to recover losses and achieve a profit. This strategy originated from 18th-century France and has been adapted for various forms of trading, including forex. What is the Martingale Strategy? The Martingale strategy is […]
The Commodity Channel Index (CCI) is a versatile forex trading indicator used to identify new trends and overbought or oversold conditions. Developed by Donald Lambert in the 1980s, it helps traders spot cyclical price movements in the forex market. What is the Commodity Channel Index (CCI)? The CCI is a […]
Pair trading is a market-neutral trading strategy that involves taking simultaneous long and short positions in two correlated currency pairs. The primary goal is to exploit the relative price movements between the pairs, irrespective of overall market direction. What is Pair Trading? It involves selecting two currency pairs with a […]
Automated forex trading has revolutionized the way traders engage with the forex market. By utilizing trading robots, also known as expert advisors (EAs), traders can execute trades automatically based on pre-defined criteria. While automated forex trading offers numerous benefits, it also comes with inherent risks. This article explores the advantages […]
Averaging down is a popular yet controversial strategy in Forex trading. Traders use this technique to reduce the average cost of an investment by purchasing additional units of a currency pair at a lower price than the original purchase. This strategy is often employed in the hope that the market […]
Pivot point indicator is a popular technical analysis tool used by forex traders to identify potential support and resistance levels. These levels help traders make informed decisions about entry, exit, and stop-loss points. In this article, we will explore the concept of pivot points, how they are calculated, and how […]
The Dollar Index (DXY) measures the value of the US dollar relative to a basket of foreign currencies. It’s a critical tool for forex traders, helping to gauge the dollar’s strength and guide trading decisions. What is the Dollar Index? It consists of six major world currencies: the Euro (EUR), […]