Forex, short for Foreign Exchange, refers to the marketplace where currencies are traded against each other. Currencies are traded in pairs so whenever a trader buys a currency, they are selling another one at the same time. Trading takes place over computer networks as the Forex market has no physical location and is decentralized in nature…
The Forex market is appealing to many and is traded by millions on a daily basis. Let’s look at some of the reasons why: It is one of the largest in the world, trading nearly 5 trillion dollars every day in transaction value. Dozens of highly liquid currencies can be traded against each other. Trading takes place around the clock, 24 hours per day and over 5 days every week. Forex is easy to access and opening an account can be done in a matter of minutes online…
In the World of Forex, hundreds of currencies can be traded against each other. Some of them are more active than others but only a handful exhibit the biggest daily volume across the world’s markets.
Commodities are natural resources that are used to create finished goods. They are bought and sold in specialized markets, similar to other financial products such as bonds and stocks.
Stocks trading refers to buying and selling of shares of a publicly listed company. Buying shares make you part owner of a company, regardless of how small or big that percentage may be.
An index is a collection of financial products grouped together to replicate an economy, a stock market, a sector, or any other theme.
Patterns:
Trading ranges where supply/demand are in equilibrium.
Reversal Patterns:
Visual representation of change in balance of power.
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