Forex

10 Tips for CFD Traders

11 months ago forexsimulation Comments Off on 10 Tips for CFD Traders
CFD trading is a complex process and risky business. The markets are unpredictable, and the fluctuations can be substantial. However, there are ways to manage risk and improve your chances of success by implementing specific strategies. Here are some valuable tips for CFD traders that can help you succeed in the market. 1.    Use Stop-Loss Read More

Misconceptions About Technical Analysis Demystified

12 months ago forexsimulation Comments Off on Misconceptions About Technical Analysis Demystified
Some traders criticize technical analysis as being a shallow study of patterns and charts without any solid, profitable, or definite outcomes. Others believe that technical analysis is the Holy Grail and, when understood, can bring in massive profits. These contrasting perspectives have brought about misconceptions about technical analysis and how its deployed. Some of these Read More

Types of CFDs and CFD Assets You Need To Know About

1 year ago forexsimulation Comments Off on Types of CFDs and CFD Assets You Need To Know About
CFDs or contract for differences is defined as a financial derivative instrument that can be sold or bought through the financial market. They are termed as derivatives because their value is drawn from the underlying instruments. They mirror existing assets on different financial markets but do not require the delivery of the actual asset to Read More

What Is the Best Trend Strength Indicator? ADX vs RSI

1 year ago forexsimulation Comments Off on What Is the Best Trend Strength Indicator? ADX vs RSI
ADX and RSI are two of the most familiar technical indicators in the forex market. Both of them can tell you trend strength. The fact that both technical indicators seem to do the same task attracts many questions. For instance, what is unique about each of the two indicators? What is better between ADX and Read More

Using Moving Average Tool in Forex Trading

1 year ago forexsimulation Comments Off on Using Moving Average Tool in Forex Trading
Making swift decisions is crucial in forex trading. Since the prices of the forexes keep changing, a forex trader must continuously monitor the changes. One of the tools that you can use to track the price changes is the moving average tool. Moving averages show the prevailing conditions in a non-trending forex market. Read More

Is Stochastic A Good Indicator?

1 year ago forexsimulation 0
It would be best to understand a stochastic indicator if you are looking for a technical indicator with a high degree of accuracy. Stochastic is a good indicator because it is precise in determining momentum. Besides, you can easily master how to use it. First, you should find out the sole reason for creating the Read More

The Importance of Forex Demo Accounts

1 year ago forexsimulation 0
It is rare to find businesses that give people opportunities to test how it goes before they invest in them. Taking for example the aspect of joining any bank account. If one is willing to start investing with a certain bank, they go right ahead and open for you the account. This is a straightforward Read More

Fibonacci Trading Strategies Every Trader Should try

1 year ago forexsimulation 0
Fibonacci trading strategies allow traders to assess market retreats across trending markets and discovering trading chances in each case. Read on to understand some of the effective Fibonacci strategies. Understanding the Fibonacci Retracement Tool While the Fibonacci retracement tool can be essential for trending markets, the scope of different retracement levels offers various use cases Read More

Different Types of Moving Averages for Traders

1 year ago forexsimulation 0
A moving average is described as a technical indicator that investors and market analysts use for determining a trend’s direction. It’s a sum of a financial security’s data points over a particular period, and the total divided by the data points to get an average or mean. It is known as a moving average because Read More

Bollinger Band trading strategies and Patterns

1 year ago forexsimulation 0
Forex traders use a wide range of strategies and patterns with Bollinger bands. Read along to find these out. Double Bottoms A double bottom is a technical analysis charting pattern that defines a power reversal and a difference in trend from previous dominant price action. This pattern indicates the drop of an index or stock, Read More