What is buy the dip? Buy the dip is a popular trading strategy where a trader or investor buys an asset whose price has suddenly fallen. By buying, they believe that the decline in the asset’s price is a temporary thing and that the price will resume the previous upward trend. The strategy is premised on the basic principle of buying low and selling high. Importantly, … [Read more...] about How to master the buy the dip strategy
A Guide To FOMC Releases
What is the FOMC? The Federal Reserve (Fed) is the most important central bank in the world because of the size of the American economy and the US dollar. The bank is responsible for setting the monetary policy in the US, supervising financial companies like banks, and ensuring the financial stability of the financial system. The Federal Open Market Commission (FOMC) is … [Read more...] about A Guide To FOMC Releases
How Can You Use the Golden Cross in Forex?
Interpreting and exploiting the statistical figures are two very important things you have to excel at to succeed in forex while using technical analysis. The key tool that helps in this endeavor is the chart form. By knowing the various forms and their meaning, you can easily foresee market performance. One such form is the Golden Cross. This guide will take you … [Read more...] about How Can You Use the Golden Cross in Forex?
Tips To Effectively Trade News Releases In Forex
Preparation accompanies any news trading strategy, and this is something we cannot underestimate. Just like a sprinter can spend months preparing for a mere 10-sec 100m sprint, very similarly, a trader needs to prepare well in advance for a news event that has a short-lived impact. Some of these recommendations may appear small, but can play quite a significant … [Read more...] about Tips To Effectively Trade News Releases In Forex
How to treat your forex trading career like a business?
Trading forex is a serious business, and we should always treat it as such. Interesting similarities of successful trading are analogous to successful businesses. It is not merely about profit and losses as there are other philosophies applicable in both spheres. Traders are skilled risk managers like entrepreneurs and business people By nature, trading is inherently … [Read more...] about How to treat your forex trading career like a business?
