Forex expert advisor is a type of trading software that can generate automated trading decisions for traders. Thus, the trader can gain more profits and the trading continues without the trader being present all the time. Traders can run these robots on MetaTrader platforms like MetaTrader 4 and 5. They offer several features to traders, such as providing signals for placing a … [Read more...] about Ways to Identify and Avoid Forex EA Scams
Forex Basics
Tick Chart vs. Time Chart: Which One Should You Use?
Many traders or forex robots work with time-based charts when it comes to technical or fundamental analysis. With time-based charts, a candlestick often represents price action over a given period. For instance, one bar could represent price action over one minute, five minutes one hour, or one day. In addition to time-based charts, forex tick charts are becoming … [Read more...] about Tick Chart vs. Time Chart: Which One Should You Use?
Guide To Using Renko Charts for Profitable Forex Trading
Renko charts are a trading utility that helps the trader to exploit the price trend for profit. The charts appear like bricks where a green or white brick represents an upwards price movement. On the contrary, a red box shows that the price is falling. Particularly, Renko charts have a smoothing effect; they do not focus on small price movements. The indicator only … [Read more...] about Guide To Using Renko Charts for Profitable Forex Trading
An Insight into the Moving Average Convergence Divergence Indicator
In Forex Trading, technical indicators are the main tool used by traders to forecast price changes in the foreign currency market. Traders usually can make important decisions using indicators, when it comes to market entry and exit. One such indicator is the Moving Average Convergence Divergence, a popularly used indicator by traders. Moving Average Convergence … [Read more...] about An Insight into the Moving Average Convergence Divergence Indicator
What Is Currency Hedging: Three Strategies Amidst Covid-19 Pandemic
Never before has hedging gained prominence than at a time when the coronavirus pandemic appears to be triggering extreme levels of volatility in the capital markets. Retail traders, as well as institutional traders, have had to engage hedging strategies in a bid to protect their portfolios, given the wild swings in the markets. Whether in automated trading or manual … [Read more...] about What Is Currency Hedging: Three Strategies Amidst Covid-19 Pandemic
