Category : All Articles

What is downtrend and how to trade downtrend in Forex

The downtrend is similar to uptrend but with a bearish trend that can give us opportunities to short the forex market. A downtrend can occur mostly after the end of an uptrend but it can occur also on consolidated trends too.  The previous article “how

How to trade double top pattern in Forex

The double top pattern is one of the most common price action patterns in the forex market. When a double top starts to form, it can be decisive on the next movement of the market, as the double tops are known as reversal chart patterns.

How to set stop loss and take profit correctly in Forex

When you open a trade in forex, you may wonder where to set the stop loss or take profit for this trade. This is the most common question that most of the new traders ask in the forex trading.  Stop loss is used to prevent

How to find the right forex broker

In the forex trading world, there are hundreds of forex brokers. To trade the forex market on a live account, you need to use a forex broker. A broker allows you to trade the foreign exchange market on real live data with a live account

How to trade breakout and fakeout in Forex

A breakout occurs when the price breaks a certain level of the forex market. These levels can be support and resistance, trend line, uptrend, downtrend, etc. And a break on these levels could give us an indication to trade the forex market.  A fakeout breaks

Introduction to Forex for beginners 2020

Forex is a global decentralized market where currencies are exchanged for another currency. In a more simplified way, you buy a forex currency pair and exchange it with another currency pair. In the Forex market, you can trade many currencies of major countries such as

Best currency pairs for beginners in Forex

Forex trading involves buying and selling currency pairs. As a trader when you begin to trade you have hundreds of currency pairs available to trade in the trading platforms. Major currencies as United States Dollar, Euro, British Pound, Japanese Yen, Canadian Dollar, Australian Dollar, Swiss

Forex currency pairs to trade during the Coronavirus

The forex market offers different currencies of major countries to trade. With a daily trading volume of more than $5 trillion, the forex market has one the largest trading volume of financial markets. Major currency pairs are available to trade on trading platforms offered by the

Are forex signals profitable in trading?

Forex trading requires an understanding of technical analysis to find trade setups in the forex market to trade them. But not everyone has a profitable strategy on the forex market. Some traders are “lazy” to find opportunities on the market because of insufficient knowledge or

Benefits of demo trading account in Forex

Before trading forex with real money on a live account, a beginner in Forex should start first on a demo account. With a demo account, you can trade the forex market without having to risk your money. Forex brokers offer a free demo account or