One common mistake that many new traders make is that they think that levels that were important in the past are still important. This logic assumes that if the market dropped to a support level, it then saw it as a good time to buy. Likewise, if the price of the forex pair slips back . . .
Category: BLOG
Traders’ Guide to Profit and Loss
What is profit? Profit is the amount of money a business pulls in after deducting its expenses. Profit is an important measure of the health of a business, because a positive bottom line shows that the business is doing well. There are many ways to measure profit, but three main types can give investors valuable . . .
The Best Way to Learn About the Euro For Traders and Forex Traders
The euro is the currency of 19 EU member states, a region known as the eurozone. As of 2019, it includes three-hundred and forty-nine million people. Each euro is worth 100 cents. But what exactly is the euro? And what’s the best way to learn more about it? Continue reading to find out more. Listed . . .
Forex Trading Strategies
Forex trading strategies depend on the support and resistance levels holding or breaking. If levels are broken, the downside of a Forex strategy can be massive. It is crucial to watch market state changes so you can adjust your strategy accordingly. Stable and volatile markets provide healthy price swings within a range, so Forex strategies . . .
The Importance of Profit Calculation
A firm’s profit is the difference between total revenue and total opportunity costs, including both explicit and implicit costs. In other words, profit equals total revenue less total cost. Profit is a crucial element of a business’s financial statement. It’s the key to successful operations and a sound understanding of the concept will help business . . .
How to Trade EUR/USD Like a Pro
Breakout trading is an effective strategy to catch the early signs of a market trend. Breakouts on daily charts are a great way to capture new market trends. As a rule, breakouts come early in the day, before the markets change direction. For example, if EUR/USD breaks out below a previous support level, this is . . .
How to Calculate Profits For a Trader
The term profit is commonly used to describe income distributed to the owner of a business, which is the major interest of the owner in the income formation process of market production. There are several common ways to measure profit. These measures are listed below. Profit is the result of a profitable market production process. . . .
The EUR/CHF Currency Pair and Its Effect on Forex Trading
The Euro was first proposed as early as the 1970s but has been repeatedly rejected due to economic difficulties. Ultimately, the European Monetary System was established in 1979 to cushion currency fluctuations across the continent. The ECU, or European Currency Unit, was the predecessor of the Euro. It could only be used as book money. . . .
How to Choose a Forex Strategy
If you have no idea how to start making money in the forex market, you should at least know what a forex strategy is. It is a guideline which helps you to identify the trends in the market and decide where to invest your money. Forex trading is not as difficult as you may think. . . .
How the ECB Determines the Value of the Euro in Forex Trading
The euro is the official currency of the European Union (EU). It is also used by four European microstates that are not part of the EU. The British Overseas Territories of Akrotiri and Dhekelia, Montenegro, and Kosovo are all using the euro. In addition, the euro is used by some special territories of the EU. . . .