Effective forex trading risk management involves a comprehensive strategy that incorporates several proven techniques. Firstly, setting stop-loss and take-profit orders is essential to control losses and secure profits automatically. Diversifying...
Price Action Analysis: Gold Our conversation today will delve into the price action analysis of the Gold. I'm analysing Gold on the daily chart. The pair traded within a range for an extended period as inflation stagnated. It wasn't surprising to...
Price Action Insights: Crude Oil The analysis of the price behaviour of Crude Oil is currently open to discussion. Following the expiration of the previous futures contract, oil is trading below the support level of the descending channel,...
Managing forex trading risks requires a multifaceted approach to safeguard investments and ensure consistent returns. One of the most fundamental techniques is employing a robust risk management strategy, including setting stop-loss orders to limit...
Economic indicators are vital in forex trading, offering insights into the economic health of a country and influencing currency values. These indicators include GDP, inflation, employment figures, and central bank interest rate decisions. GDP...