The PaxForex economic calendar is a universal tool that allows the trader to always be aware of upcoming and current events in the world of finance, economics, and politics. Forex trading processes are largely determined by factors that do not need to be predicted or subjected to complex calculations - it is enough to know the dates and times of important economic events. That's why the first thing that any trader should have in his stock is not even a supreme knowledge of the trading fundamentals or the ability to predict the market...
Anyone can list the perks of trading major currency pairs. They are liquid, they are easy to research, and they generally bring higher returns. However, the exotic currency pairs also have a lot to offer, if you get to know them better. Today we explore how to trade exotic currency pairs in 2020. What Are Exotic Currency Pairs Let’s begin by defining what the exotic currency pairs actually are. On the foreign exchange market the currency pairs are divided in three categories: major, minor and exotic. The major pairs are pretty self-...
We talk a lot about trending markets and trading strategies for when there is a lot of action. However, in reality, Forex can be much less eventful and stay within certain limits for extended periods of time. Does it mean there are no profit opportunities? Of course there are! Today we are discussing trading strategies for sideways market. Identifying a Sideways Market For starters, how do we know when the market moves sideways? Any new trader will very correctly observe that the charts generally feature a sideways price movement. However...
Sideways Market Indicator Trading Strategies for Sideways Market The only traders who don’t believe that sideways markets are filled with opportunities are newbies. Any pro trader knows that there is always a way to benefit from the price movement, whether it is bullish, bearish, or contained by a range. Today we are talking about Forex sideways market strategies and the indicators that will help in the process. Sideways Market Indicator In case you didn’t already know, a sideways market is the one that’s not trending...
As a rule, after a failure, many people tend to blame everyone but themselves for their problems. They are unwilling or unable to admit their guilt for actions or omissions that have led to negative results. Traders are no exception, always being able to put the responsibility for their actions in trading on someone else shoulders. Probably such behavior is more common among traders than among representatives of any other profession. The reason is the low percentage of those who achieve stable success, as well as the fact that trading is an...
