About: anakin

What are the best forex pairs to trade? If only this question had a straightforward answer — it would make learning how to trade forex and speculating on currency movements far more reliable. Unfortunately, this is not the case, and deciding on the best currency pairs to trade is always a personal choice and depends Continue Reading

Fibonacci is one of the tools that Forex traders often use. Let’s figure out how the Fibonacci instrument works. Leonardo Fibonacci, a mathematician from the 1300s, came up with a set of numbers (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.), with every number in the list the sum Continue Reading

What Is the Bollinger Band Indicator? A Bollinger Band is a technical analysis tool consisting of a set of trendlines drawn to two standard deviations (up and down) from the simple moving average (SMA) of an instrument’s price. Traders can change these trendlines to suit their needs. Bollinger Bands were made by the famous technical Continue Reading

Traders often seek indicators to help them determine when they should enter the market. A crucial piece of information for traders is an estimate of how far the market is likely to move before it reaches an area of congestion. The problem is that many traders spend their time waiting for the market to give Continue Reading

In a field where many praise continuous movement, many forget that pushing back is also a strategy. As a trader, your capital is your most valued asset and once it’s gone, it’s never coming back. Thankfully, there are ways to cut your losses and protect your profits. With the right strategy, a Stop Loss can Continue Reading