Pivot Point (PP) is a technical analysis indicator that helps to visually show so-called pivot levels in a chart. In its essence, it is more correct if we call it a script. It shows potential levels for trading on the charts. Generally, technical analysis of charts of trading assets exists as an area of knowledge, precisely because the whole world, including financial ones, has its regularities. Everything is cyclical. Everything repeats itself. These circumstances allow technical analysis and its indicators to live. That is, if we know...
There are two major ways to approach currency trading. One of them is sort of the live-in-the-moment and go-with-your-gut path that usually leads to significant setbacks and forces its followers to withdraw entirely from the process. And then there are the careful planners, who prefer to analyze every step that they take and structure each single trade. Are they more successful in currency trading? Without a doubt. Strategic approach to trading is nearly a guarantee of certain victories. The real challenge here is to find the right way to...
Trading on the news, namely on the release of the United States Labor Market Indicators (Non-Farm), has some features that a trader can use to make a profit. The distinctive feature of the labor market news release is the almost 100% reaction of the market players, so the price gets a rather strong impulse, which can be used to gain profit. The Non-Farm Payrolls (NFP) indicator shows the number of new jobs that have been created in non-agricultural (Non-Farm) economic sectors in a month. Non-Farm Payrolls is a payroll that shows the number...
Despite the high risks of losing a deposit, Forex trading strategies based on the Martingale principle are very popular among traders, as they allow them to make a tangible profit in a short period of time and to raise the capital. What Is Martingale? Martingale is a betting management system discovered by French mathematician Paul Pierre Levi. Initially, the Martingale system was used only in gambling to calculate bets, later it was actively used and transformed by traders in the stock and currency markets. What Is The Essence Of The...
There is no single experienced Forex trader who has not heard of "slippage". Slippage happens when a trade order is filled at a price that is different from the requested price. This commonly happens throughout high volatility as well as periods whereby orders cannot be equaled at desired prices.
