Forex Day Trading: Strategies and Tips
Day trading in the forex market has a certain captivating energy that draws many traders, from complete beginners to experienced traders. It’s fast, vibrant, and full of possibilities. At the same time, it might be confusing, especially if you’re new...
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What Is Fibonacci in Forex Trading?
If you’ve spent any time researching charts or trading tactics, you’ve most likely come across the term Fibonacci. At first glance, it may appear mysterious or frighteningly mathematical. But once you comprehend the concept, you’ll see it’s both practical and...
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How to Avoid Overtrading in Forex
Strategies to Prevent Overtrading in Forex Overtrading is an issue that every trader promises to avoid, but as with many things, most traders eventually overtrade. Typically, it happens when a trader starts to take a few successful trades and feels...
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The 1% Rule in Forex Risk Management
If you have ever heard the expression “protect your capital before you’re chasing profits,” then you have brushed against one of the most powerful concepts in trading – the 1% rule. It is simple, but it is what distinguishes the...
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What Is the US Dollar Index (DXY) in Forex?
If you’ve spent any time exploring global markets, you’ve certainly heard about the US Dollar Index, known as DXY. For many beginner traders, it appears to be one of those complex financial techniques that analysts discuss on television but never...
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