In recent years, the popularity of AUDUSD has been on the rise. The pair includes currencies of developed economies. It is currently among the top 5 most traded currencies in the Forex market. Being one of the most popular pairs, you will have no execution-related problems when trading it. High liquidity allows less slippage, lower fees, tight spread, and greater market … [Read more...] about Guide to Trading AUDUSD
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5 Most Popular Methods for Taking Profits in Forex
Are you confused about the best method for taking profits? This article will cover five of the most popular techniques in this regard. So, you’ve done all the necessary homework, entered a position with a stop loss, and fortunately, it begins to show some promise towards your desired profit target; now what? Taking profits in forex is the ‘fun part’ in trading. Despite … [Read more...] about 5 Most Popular Methods for Taking Profits in Forex
Pros and Cons of MT4 and TradingView
It's often said that a man is only as good as their tools. Traders have the choice of a wide variety of these, namely in the form of trading platforms. Using the best software is one of the most crucial decisions a trader will make in their career. Some brands in the industry have gained immense mainstream acceptance, particularly MT4 with forex. Despite this platform's … [Read more...] about Pros and Cons of MT4 and TradingView
Using the 80–20 Rule in Forex to Your Advantage
Any person who has studied some form of power-law distribution owes some gratitude to Vilfredo Pareto, one of the influential economists from the early 1900s. Of the many contributions the Italian made to society, the Pareto principle is perhaps one of his most well-known. Of all the names the law is known by, the 80-20 rule is probably the most popular and … [Read more...] about Using the 80–20 Rule in Forex to Your Advantage
Simple Techniques for Trading Head and Shoulders Pattern
A good investor knows all the tools crucial for profitable trades. However, one can only excel if one identifies the tools that work best. If you are looking for a tool that indicates when the market is about to turn a corner, you will like the head and shoulders pattern. The big question here is how to apply the indicator best to obtain its maximum potential. Before … [Read more...] about Simple Techniques for Trading Head and Shoulders Pattern
