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AUDCAD Under Negative Pressure – Forecast for December 23, 2024
The AUDCAD currency pair has recently encountered significant resistance near the 0.9100 level, which has contributed to a continuation of negative momentum. This resistance,...
GBP/USD Forecast Update – December 20, 2024
The GBP/USD currency pair has found solid support at the previously breached resistance of the bearish channel, which suggests the potential for a continuation...
GBPCAD Resumes Bullish Correction – Forecast for Today (18-12-2024)
The GBPCAD has resumed its bullish correction, recently surpassing the 1.8110 barrier. This move formed a double bottom pattern, reinforcing the continuation of the...
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EURJPY Encounters Strong Resistance – Forecast for December 17, 2024
The EURJPY pair has halted its recent bullish momentum after hitting a significant resistance at 162.40. This...
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EUR/JPY Forecast – December 16, 2024
The EUR/JPY pair has successfully surpassed the 161.10 resistance level last Friday, achieving additional gains by reaching...
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GBP/USD Forecast – December 16, 2024
The GBP/USD pair has shown weak price action today, stabilizing around the $1.2635 level. The bearish trend...
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What is spread in forex trade
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When trading in the forex market, there are a few terms that you need to understand to be successful. One of these terms is...
What is a swing trader in forex
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Swing trading is a popular trading strategy in the forex market that involves holding positions for a few days to a few weeks to...
What does leverage mean in forex
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Leverage is an essential concept in the forex market that enables traders to control larger positions than their trading account balance. Essentially, it allows...
What is a foreign exchange trader
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Foreign exchange trading, also known as forex trading, is the buying and selling of currencies with the aim of making a profit. A foreign...
What is the best forex trading platform
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When it comes to forex trading, choosing the right trading platform can make a significant difference in your trading experience and overall success. There...
What is forex signals
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Forex signals are trade recommendations or alerts that are provided to forex traders by signal providers or automated trading systems. These signals are designed...
What does pip stand for in forex
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Pip is a term commonly used in the world of forex trading. It stands for "percentage in point" or sometimes "price interest point." A...
What is a currency pair
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In the world of forex trading, a currency pair is the combination of two different currencies that are traded against each other. When a...
What does forex mean
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Forex is a term commonly used in the financial industry that refers to foreign exchange. In simpler terms, forex is the market where currencies...
What is ftmo
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FTMO is a proprietary trading firm that provides traders with the opportunity to trade with the firm's capital. The company was founded in 2015...
What is forex trading all about
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Forex trading, also known as foreign exchange trading or currency trading, is the buying and selling of currencies with the aim of making a...
What is MetaTrader
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MetaTrader is a widely used trading platform in the financial industry. It was developed by MetaQuotes Software and was first released in 2002. The...