Mt4 Vs Mt5- The Best Time for Each Platform

There was a massive shift in traders’ view of the market after mt4 introduction in forex trading in 2005. Not only was analysis simplified, but a chunk of forex traders discovered forex trading so reliable that they invested heartily in it. A few years down the line, MetaQuotes created mt5. A chunk of traders initially questioned the need for another trading platform when most of them were pleased with mt4. Some years later, the traders realize the logic behind the mt5 invention. The more exciting part is that despite the continuous growth of mt5 in the market, majority of brokers Continue Reading →

Indicators Traders can Use to Calculate Foreign Exchange Market Sentiment

Market sentiment is the general attitude that investors have on a specific financial or security market. It is the tone, psychology, or feeling of a market, as indicated through the price movement and activity of traded securities in the specific market. General trader sentiments can affect forex market activity and price movements. Traders can leverage forex sentiment indicators to eliminate any guesswork in their trade. With the right market sentiment indicators, you can forecast how forex prices are likely to change in the future depending on how most traders may react to prevailing and future market conditions. Here are indicators Continue Reading →

The Types of Forex Trend Pointers You Should Know About

Given the extensive approval of trends in the forex market, merchants and traders typically desire to have a trend-following plan. Such a plan can be configured in a multitude of ways using various technical pointers. Trailing trends is one of the best ways for a trader to position himself in a forex market. Unfortunately, trends usually take plenty of time to create and require a massive amount of variables for the trend to change its course. Truth be told, there is no particular technique used in trading in FX markets. Therefore, merchants and traders must learn that so many pointers Continue Reading →

What is Currency Depreciation?

What is Currency Depreciation?

Currency depreciation refers to the fall in value for a country’s currency when compared to other currencies in the forex market. When your country’s currency depreciates, it means that you will have to use more units of your currency to purchase a single unit of a different currency. It, thus, becomes cheaper to purchase your currency, but expensive for you to access an alternative currency. A country’s value of currency often falls or drops as a result of various elements. The elements are as described below.   Causes of Currency Depreciation 1.            A deficit in Balance of Payment (BoP) Balance Continue Reading →

Forex Support And Resistance Trading Strategy

Forex Support And Resistance Trading Strategy

Finding support and resistance levels in forex trading are some of the most crucial and critical skills for traders. Moreover, almost all reliable trading strategies use support and resistance analysis to improve or determine their trading methods. The two levels, support, and resistance develop around the key areas approached or rebound regularly by the price, making it highly essential for positive trading gains. What are Support and Resistance Levels? Support and resistance are price levels on a chart that traders use to find potential price opposition. They are also psychological levels that depict the varying attitudes of different market players, Continue Reading →