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Hello traders, today we will discuss the reasons behind traders losing money and the biases that contribute to these losses. One such bias is availability bias, where traders give excessive weight to their most recent trades, allowing recent results to impact their decision-making. This can lead...
Hey fellow traders!
I wanted to share my excitement about the recent upward momentum in the AUD/USD pair and discuss our potential strategy moving forward. Despite some challenges faced by the pair, such as difficulties in maintaining its rally above 0.6680, there are promising factors to...
Greetings fellow traders!
Today, I wanted to delve into a crucial topic in the world of forex trading: the key differences between fundamental analysis and technical analysis, and how traders employ these approaches to make informed trading decisions.
Fundamental analysis focuses on evaluating...
Greetings, fellow Forex enthusiasts!
Today, I want to delve into the captivating world of economic data and its profound impact on currency exchange rates. As forex traders, we find ourselves in an exhilarating realm where numbers and statistics intertwine with market dynamics. Economic data...
The inclusion of trading volume as a standard indicator in charting software for the past three decades is not without reason—it offers a vital advantage.
Volume analysis grants traders valuable insights into the actions of market participants at different price levels. By focusing on volume...
Hey fellow traders!
I wanted to share some exciting news with you all regarding the AUDUSD currency pair. Over the past few days, I've been closely monitoring its movements, and I'm thrilled to report a significant development. The price has finally broken below the immediate support level at...
I have two different perspectives: a short-term SELL trade for the upcoming week and a long-term BUY.
After a significant break and close of the 0.655 support last week, the next potential level for this pair could be the 0.64 zone. This area marks the untested Weekly DEMAND/BUY zone that was...
You're right. But I think the source from where you are learning and trading is involved with your experiences too. So, need to be focused while finding a trading platform for getting a better result.
Hello traders, I want share with you my opinion about GBP/USD. Looking at the chart, we can see how the price formed the seller zone 1.2275-1.2310 and continued to move up.
The British Pound reached the level 1.2540, made a deep correction, continued to rise and broke through it. Subsequently...