At 23:57 GMT, the NZD/USD is trading .5624, down 0.0081 or -1.41%. The main trend is down according to the daily swing chart. A trade through .5469 will signal a resumption of the downtrend. A trade …
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Is swing trading good for beginners? Swing trading is the best deal for beginner traders. It requires less skill and expertise. How much do beginner swing traders make? Is it profitable to swing trade? Swing traders aim to make a lot of small wins that add up to significant returns. For example, other traders may […]
This depicts the volatility in the price action of the security. During a strong trend, price tends to trade consistently above or below the lower Keltner channel. However, due to the reversion to the …
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The Australian Dollar is likely to finish lower for the week, but Friday’s price action has been impressive enough to put the currency in a position to close higher for the session. It could …
In today's second video in our Basics of Forex series, we explore key facets of a Forex quote, introducing and explaining such terms as the bid and offer, the spread, pips and fractional pips. To help us answer the question of what is a pip and what is a fractional pip, we look at an […]