USD/JPY (US Dollar/Japanese Yen). Each currency pair has a base currency and a quote currency, with the price of the pair being quoted in terms of the quote currency. Another important concept in for...
accordingly. 4. Momentum trading: Momentum trading involves entering trades based on the momentum of the market. Traders will look for assets that are showing strong momentum in either direction and ...
orders: Placing stop-loss orders on your trades can help protect your capital by automatically closing out a trade at a predetermined price level if the market moves against you. 2. Implement proper ...
committed and never stop improving your skills. Forex trading can be a lucrative way to make money, but it can also be a risky endeavor if you don't know what you're doing. To improve your success in ...
the relationship between two moving averages of a stock's price. It can help identify changes in direction, strength, and momentum of a stock's price. 5. Fibonacci Retracement: Fibonacci retracement ...