Understanding candlesticks in forex

  Various factors affect the movement of currency rates and forex market analysis. More often than not, one such factor is the use of candlesticks in technical analysis. Candlestick charts (also known as Japanese candlesticks) consist of a rectangle of a body and an upper and lower shadow. The rectangle’s colour represents whether or not the closing price for that particular time was higher or lower than the opening price. It gives traders important information about what happened during the trading session within the set time frame. The length of each part of the rectangle – body, upper shadow, and Continue Reading →

What are the different types of commodities in Singapore?

  The commodities traded in Singapore are diverse, ranging from precious metals to essential food staples to critical elements of the modern economy. These commodities are traded every day in the country’s bustling markets, and they play a vital role in the global economy.   Due to Singapore’s position as an important trading centre, it can connect buyers and sellers globally to exchange goods and services. This makes it an essential part of the global supply chain and a key player in the global economy.   The commodities trading sector in Singapore is dominated by energy products, metals and agricultural Continue Reading →

Algorithmic trading strategies in cryptocurrency trading

When it comes to cryptocurrency trading, there are a variety of different strategies that can be used to generate profits. However, one of the most common strategies is algorithmic trading. Algorithmic trading strategies refer to a set of rules or instructions that can be programmed into a computer system to trade cryptocurrencies automatically. It means that the computer will execute the trades for you without any human intervention. There are several benefits to using an algorithmic trading strategy: They can help you trade more efficiently and make more profits. They can help reduce the emotional stress that is often associated Continue Reading →

A beginners guide to trading index CFDs

  When it comes to trading, there are a variety of different assets that you can choose from. These assets can be divided into two main categories: forex and CFDs.   CFDs (contracts for difference) are derivatives that allow you to trade on the price movement of an underlying asset. It means that you don’t have to own the asset to trade it. Instead, you trade CFDs as contracts between yourself and the broker.   Index CFDs are one of the most common forms of CFD trading. Index CFDs enable you to trade on the price fluctuations of various indices, Continue Reading →

Options when Trading

Options are financial products giving you the ability to trade on a market’s future value. When an option is purchased, a premium is bought for rights to trade any market at set prices. This is to happen before the expiration date reaches. Options are also the same as futures in this regard. However, unlike futures, options do not come with a trade obligation, so you don’t have to if you don’t want to trade. For example, if gold sells at $1300 this entire week, and the price hits $1325, you can choose to exercise the options you have to purchase Continue Reading →