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Trading psychology is a critical aspect of achieving success in the forex market. It deals with the emotional condition of a trader when entering and exiting trades, looking for potential trade opportunities, or carrying out other trading-related tasks.
Forex trading in the U.S. is not the same as in other countries. Although the forex market is decentralized, traders in the U.S. have more restrictions than those in off-shore countries. The forex trading environment in the U.S. is heavily regulated, and brokers have to adhere to strict guidelines.
Several methods are available for analyzing the forex market with the intention of identifying profitable trading opportunities. And, combining the different approaches has been proved to be more beneficial in generating profits.
Forex sentiment refers to the overall feeling the market participants have about the performance of a currency pair. It is a useful way of gauging the feeling or tone of the market and then making appropriate trade decisions.
Want to get free forex demo account fast without registering with any Forex broker? Follow this MT4 tutorial and Rimantas will teach you how to download MT4 and open MT4 demo account without a broker in a few minutes. In this video guide, you’ll learn exactly how to do that. Rimantas makes it simple for …
Installing multiple MT4 platforms from different or the same brokers is easier than you might think. In this video guide, you’ll learn exactly how to do that. Rimantas makes it simple for you to install and run as many MT4s you want. Why would you want to install multiple MT4 accounts on your computer? There …
Horizontal lines are mainly used to mark horizontal support and resistance areas on the chart, usually by connecting the price highs (resistance) or price lows (support). On MT4, vertical lines are mainly used to mark the date and time at which a candlestick has appeared.