Forex Trading – Top Tips to Consider
Forex trading is nothing but trading in currencies of different countries i.e., Exchange of one country currency for another country currency. Now, you might think who decides the rate at which the currencies can be exchanged? The answer is so simple; there are certain economic factors such as, the purchasing power of the currency in respective countries, inflation and many other geopolitical aspects that influence currency exchange rate. All these factors that are micro and macro in nature affect a country’s currency value and also exchange value.How to Use the Breakout Cycle to Make Profits
The breakout cycle trading strategy is one of the easiest ways to make profit in the Forex market. You should ad this strategy to your toolbox to increase your chances to profit.How to Use the Relative Strength Index to Make You a Better Trader
By knowing the 4 RSI cycles you will increase your profits when trading the markets. Although this article is using currencies as the base, the same principles can be applied to stocks and other commodities as well.What To Look For When Choosing A Bitcoin Trading Bot
Cryptocurrency market has become very popular and every trader is looking to make it big with bitcoin trading. It is however a very volatile market that can be hard to keep up with, especially considering that this is a market that never sleeps unlike the stock market. To make things easier for traders, trading bots have been developed. A trading bot can be defined as software program which is designed to interact with financial exchanges directly so relevant information is obtained and interpreted so orders can be bought and sold on the traders’ behalf.Should I Use My Own Charts or a Forex Expert Advisor?
Even though most experienced trader use charts and their own developed strategies, the question remains to all other traders: Will a Forex Expert Advisor help me with succeed as a trader? As explain below, the answer lies somewhere in the middle.How to Use Leading and Lagging Indicators to Drive Your Profits
There are two types of technical indicators: leading and technical indicators. Every oscillator and indicator fall in one of these two categories. By knowing how to use these two types of indicators to compliment each other, you can become a more profitable trader.The Richard Donchian Rule Will Make You a Better Trader
Even after more than 30 years, the Richard Donchin 4-week rule continues to be one of the most consistent strategies in existence to make profits. You should include this strategy in your trading toolbox to increase your successful trades.Why Should You Trade in Cryptocurrency?
The modern concept of cryptocurrency is becoming very popular among traders. A revolutionary concept introduced to the world by Satoshi Nakamoto as a side product became a hit. Decoding Cryptocurrency we understand crypto is something hidden and currency is a medium of exchange. It is a form of currency used in the block chain created and stored. This is done through encryption techniques in order to control the creation and verification of the currency transacted. Bit coin was the first cryptocurrency which came into existence.