The relationship between the two candles highlights the strength of selling pressure that has emerged. Traders use the Gravestone Doji candlesticks pattern to set up short trades after the reversal is confirmed. Profit targets are set at previous support levels or calculated using various technical…

Patterns that form in a strong trend yield different results than those in a consolidating market. Economic indicators, news events, and geopolitical factors affect market how to read candlestick patterns in forex sentiment and render candlestick patterns less effective. The components of the Rising Three…

On the other hand, ex post analysis is good because it uses what we already know to give us insights into what has really happened. This backward-looking examination is very important in figuring out how well trading strategies work and how precise past predictions were.…

It neglects the impact of some external factors on the estimated outcomes of an event or decision. The main limitation is that it does not always provide accurate information about future outcomes. No one can accurately predict the future because future is like a random…

A value below 15 means low volatility, while more than 35 is high volatility. Market sentiment is how investors feel about which direction the market is going. Market sentiment does not always align with the fundamental metrics of an investment or market. That means there…

An application is considered “in-process” when it is complete and has been officially logged by the CLF. For more information on the advance application and approval process, see Appendix B of Operating Circular for Regular members and Operating Circular for Agent members. By CLF policy,…

The amount of the overnight swap depends on the currency pair, the size of the position, and the current interest rates in the market. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for…

Content Sydney Session Forex Pairs You Need to Know About in 2023 Do daylight savings times affect forex trading hours? When is the best time to trade forex in Singapore? Learn to trade with confidence Best Pairs to Trade During Tokyo Session AUD/JPY, EUR/JPY, NZD/JPY…

It’s also one of the most commonly used techniques to understand trends, identify potential reversal points, and get a feel for current market conditions. However, the market structure of forex can also have its drawbacks. For example, the high level of competition can make it…

While downside has been limited so far, it was a sign that the steady rally from the January lows had come to an end for the time being. You can help develop your forex trading strategies using resources like IG’s Trading Academy. Once your strategy…