– Asian, European, and North American – which overlap at certain times, providing opportunities for trading around the clock. 7. Market participants: The forex market is made up of various partic...
the market. A reading above 70 indicates that a currency pair is overbought, while a reading below 30 indicates that it is oversold. 3. Fibonacci Retracement: Fibonacci retracement levels are based o...
the world of forex trading, market sentiment plays a crucial role in determining the direction of currency prices. Market sentiment refers to the overall feeling or attitude of traders towards a parti...
movements, using technical indicators, and identifying chart patterns, traders can make more informed trading decisions and improve their chances of success in the market.Technical analysis is a valua...
success in the forex market. 2. Overtrading: Some traders tend to trade too frequently, thinking that the more trades they make, the more money they will make. However, overtrading can lead to emotio...
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