Recent content by lurhays

I have been using pz day trading or quite some time and this indicator is a great tool to complement each other.

Each trader has their own unique goals and risk tolerance level. What may be suitable for one trader may not be suitable for another. Therefore, it's important to focus on your own goals and risk management strategy.

Some currency pairs tend to have higher pip values than others due to their volatility and liquidity. Some of the currency pairs that typically offer the most pips are: GBP/JPY: The British pound and Japanese yen are both considered to be high-volatility currencies, and this pair tends to have...

As a beginner, it is important to choose forex pairs that are relatively easy to analyze and have lower volatility. Some forex pairs that are commonly recommended for beginners are EUR/USD, USD/JPY and GBP/USD.

Successful forex traders have the discipline to stick to their trading plan, including their risk management and money management strategies. They also have the discipline to avoid impulsive or emotional trading decisions.

Emotions can have a significant impact on trading decisions, particularly when a trader is experiencing losses. A stop loss order can help prevent a trader from making impulsive decisions or holding onto losing positions out of fear or hope for a rebound.

Yep. Day trading offers the potential for significant profits if done correctly. Since day traders buy and sell securities within a single trading day, they can take advantage of small price movements that occur throughout the day.

Im always looking at The Fear & Greed Index on CNN markets section. Just google Fear & Greed Index. The index is a way to gauge stock market movements and whether stocks are fairly priced. The theory is based on the logic that excessive fear tends to drive down share prices, and too much greed...

I am also using this three including stochastic. MACD, Bollinger Bands, and RSI are all popular technical indicators that traders often use to analyze price charts and identify trading opportunities.

Warren Buffett is known for investing in companies with a strong competitive advantage and low cost of production. He may look for a gold mining firm with a solid production cost structure, that can make a profit even if gold prices fall.

forex market is highly unpredictable and constantly changing. but major pairs such as eur/usd, usd/jpy, and gbp/usd, are typically more liquid and have tighter spreads compared to exotic currency pairs. these pairs are often less volatile and may be considered less risky.

Using RSI (Relative Strength Index) divergence with wave analysis is a popular approach in technical analysis for predicting potential trend reversals in financial markets.

Both crypto and forex can be volatile, but the nature of their volatility is different. Crypto volatility is often driven by speculative trading and can be unpredictable, while forex volatility is driven by economic events and tends to be more predictable.

The best amount to start trading with is a highly individualized decision and depends on a number of factors, such as your financial situation, risk tolerance, trading goals, and experience level. Generally speaking, it's advisable to start with a small amount of capital that you can afford to...

When trading with a small account, it's important to set realistic goals. Don't expect to make huge profits overnight. Instead, focus on making consistent small profits. Leverage can amplify your profits, but it can also increase your losses. Be careful when using leverage and make sure you...