In April 2020, the Canadian dollar fell a lot against the US dollar. This was because of the big drop in oil prices. It showed how markets are connected. It also showed how important technical analysis is in forex trading. Technical analysis uses past price charts and market data to predict future prices without looking […]
In the busy world of Forex trading, take-profit orders are key. They are especially useful for traders aiming to make money quickly from rising security prices. These orders allow traders to lock in profits and plot their exit. This method adds structure to their trading in currency markets that can change rapidly. A Take-Profit (T/P) […]
Did you know that the forex market trades virtually 24/5, allowing traders to act anytime? Taking a short position in forex trading is a fascinating strategy. It means you sell a currency you don’t own, aiming for its value to drop. When its price falls, you buy it back cheaper, making a profit. This method […]