Beginner traders often feel bombarded by common forex jargon that can confuse and confound their understanding. In order to better one’s understanding of the market and stock phrases that accompany currency data, one has to know what those phrases stand for. In today’s article, we go through the definition of ‘quote’ currency and explain it in context. What is … [Read more...] about Quote
Trading Tips
Volume
Volume is a significant influencing factor encountered in trading. Being decentralized, the Forex market does not use a specific volume formula to track the contract magnitude or their numbers, as is done for the stocks. How to measure the volume Tick movements are counted to measure volume. This is done as the price movement here happens in up or downticks. So, … [Read more...] about Volume
Bear Trap
Forex trading can be a jungle for those who are not aware of how the financial markets function. A bear trap is amongst one of the traps that one can fall prey to. Bear traps can have devastating consequences when traders fall prey to them. They seem to indicate the onset of a downturn but in reality, lead to a steady increase in the price. In this article, we take a look at … [Read more...] about Bear Trap
Long Term Trading
Also termed as position trading or big picture trading, long term forex trading is considered more effective than holding multiple positions of short term. The longer span indicates trades that extend to weeks, months, days, or sometimes a year too. Despite being profitable, this technique is not for all traders. Only those who do not mind the extended waiting span and shun … [Read more...] about Long Term Trading
Order Flow Trading In Forex, Explained
Overview Order flow trading is one of the fascinating philosophies in financial markets. For the longest time, retail traders have always been interested in seeing the markets in the eyes of the so-called ‘big boys,’ i.e., institutional banks and other large financial firms. Though the idea of order flow is relatively old, interest has surged recently with the increase of … [Read more...] about Order Flow Trading In Forex, Explained
