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
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GALILEO FX Review
GALILEO FX is an automated trading software that deals in multiple currency pairs. It promises high accuracy and low risks according to the vendor, you can beat the market while trading with it. Now, these are claims that need to be verified independently at our end. Detailed Forex Robot Review On the official website of GALILEO FX, the vendor provides a short … [Read more...] about GALILEO FX Review
AX Trader Review
AX Trader is one of the ATS tools promoted by the LeapFx group. This FX robot promises 39% monthly profits with its automatic trading features. The vendor assures more than 100% profit in 3 months. Advertised as a beginner-friendly system, this MT4 tool uses features like TP and SL in automated form to ensure profitable trades. Detailed Forex Robot Review Presented as … [Read more...] about AX Trader Review
Gold Scalper Pro Review
Gold Scalper Pro from FXAutomater claims to be one of the most effective gold trading EAs in the market. Available at an affordable price, this FX robot promises that its proven trading strategy helps in consistent profits. This fully automated MT4 tool assures steady account growth with its low-risk approach. With features like broker protection, management of time and money, … [Read more...] about Gold Scalper Pro Review
Omega Trend EA Review
Omega Trend EA is an automated Forex trading robot created by the FX Automater Company. Its operation is grounded on 3 main principles of trading that are believed to enhance the system’s performance and revenue. Detailed Forex Robot Review Omega Trend EA has an inbuilt money management system that allows a risk to be configured in percentage forms. The software … [Read more...] about Omega Trend EA Review
Line, Bar, Candlestick, Renko, and Heiken Ashi Charts in Forex – How Each of Them Are Used
Overview To the layman, looking at any forex chart seems complex. Yet in no time, they become easy to read. A chart is nothing more than a visualization of the price of a forex pair over many time frames, ranging from minutes to months. Having competent charting skills is a crucial component of technical analysis - an approach used by the majority to make trading … [Read more...] about Line, Bar, Candlestick, Renko, and Heiken Ashi Charts in Forex – How Each of Them Are Used
Fed’s Chair Says Inflation on Course Towards Central Bank’s 2% Target
Source: Bloomberg Fed’s chair Jerome Powell said inflation has accelerated but expects it will return to the 2% target as supply stabilizes. SPY is up 1.43%, EURUSD is down 0.20%. The remarks came from Powell’s written testimony to the House Select Subcommittee on the pandemic crisis quoting increased oil prices and spending as the economy reopens.Investors will … [Read more...] about Fed’s Chair Says Inflation on Course Towards Central Bank’s 2% Target
7 Things to Consider Before Scalping in Forex
As the saying goes, there is more than one way to skin a cat. Scalping is a popular trading approach in forex because of the quick realization of profits. Unlike more long-term strategies like swing and position trading with high levels of uncertainty, scalping presents a constant flow of opportunities. Despite the tremendous attraction of being a scalper, it's still a very … [Read more...] about 7 Things to Consider Before Scalping in Forex
GBP/USD Turns Bearish After Hawkish As U.S. Indices Remain Under Pressure
The U.S. dollar turned bullish on Thursday following a hawkish FED report that signaled rate hikes.The British pound remains under pressure amid a resurgent greenback also weighed down by COVID-19 concerns.EUR/JPY also turned bearish amid euro weakness and the Japanese yen that continues to hold firm against the major.Concerns about rate hike are the catalysts weighing heavily … [Read more...] about GBP/USD Turns Bearish After Hawkish As U.S. Indices Remain Under Pressure
Advanced Scalper Review
In the Foreign Exchange industry, there are various approaches traders use to trade the markets. One of these is the use of Expert Advisors which is a very popular tool amongst traders. Forex traders may use expert advisors for specific reasons such as to prevent emotional trading, lack of proper skillset and lack of enough time to analyze the markets. In this post, we … [Read more...] about Advanced Scalper Review