Blog Posts
Bitcoin hovering around $16,700 Zone
Bitcoin price has gone further below and now trading at the $16,500 level. Bitcoin is in a loss-recovery mode, but may not be able to break through the $16,700 and $17,000 barrier levels. BTC is languishing underneath the $17,200 support line and approaching a bearish zone. Bitcoin has been consolidating its position below the $17,000 […]
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Double Bottom Pattern expected to support GBP/USD
GBP/USD is in recovery mode after being down for 3 weeks. The pair increases 0.11% to end close to 1.2190 after the mid-Asian session on Wednesday. In the process, the pair applauds the broad-based USD decline as the chances of recession fade. A point worth noting is the disappointing US housing stats that helped GBP/USD […]
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Bullish view
Take Profit – 1.2325 Stop loss – 1.2150 Buy Stop Loss – 1.2210 Bearish View Take Profit – 1.2000 Stop loss – 1.2260 Timeline – 1-2 days Support range – 1.2060 Resistance range – 1.2240 GBP/USD plays hide and seek with a break or bounce of 200-day moving average below 1.2100 level. After the recent […]
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EUR/USD Forex Signal: Larger bulls to stay intact above daily Tenkan-Sen
EUR/USD Currently trading at – Above 1.06300 Resistance: 1.0663; 1.0746; 1.0782; 1.0936. Support: 1.0589; 1.0564; 1.0498; 1.0443. The Euro remains on the back foot in European trading on Friday, after Thursday’s drop and formation of bearish engulfing which weighs on near-term action. Euro seemed under a bit of pressure in European trading on Friday after […]
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EUR/USD will have a hard time escaping the force of parity
EUR/USD currently trades above the 1.06 level, however trading pundits believe that the pair won’t easily leave the gravity force of parity. Multiple factors that drive EUR/USD It’s going to be a tough balancing act for forex markets with higher EUR rates on one hand, which will boost the carry-attractiveness of the currency and higher […]
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CFD Trading – What It Means and How Does It Work?
Contract of difference trading or CFD trading is one of the most popular ways to trade the financial markets without having to physically own the assets you buy and sell. A CFD is a binding agreement or contract between the trader and the broker that allows a trader to speculate the financial instruments like forex […]
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All You Need to Know About Zero Spread Brokers
With the increasing popularity of forex trading the number of forex brokers have also increased, which in turn has increased the competition between them. In order to win clients, brokers have started offering zero spread trading accounts. Some of the brokers add other hidden trading charges when they claim to offer zero spread accounts. This […]
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Leverage in Forex Trading
Leverage trading is also known as margin trading which is a trading approach where traders borrow capital from the broker that increases the trading exposure to the forex market. The forex market is highly volatile, hence using leverage becomes risky. Because of the risks fraught with leverage trading, using leverage is mostly recommended for experienced […]
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Scalping: Ins And Outs Of One Of This Popular Forex Trading Strategy
There are numerous ways of approaching the forex market. All the traders have different trading styles which take different shapes and sizes. Scalping is one of the most common trading strategies used by traders. Scalping differs from other trading strategies in terms of frequency and number of trades placed in a single day. Scalping is […]
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What Is Cryptocurrency Trading And How Does It Work?
What Is Cryptocurrency Trading? CFD trading is a type of term that enables you to bet on bitcoin’s price without having to possess the underlying currencies. If you feel the value of a cryptocurrency will rise, you can go forward (‘purchase’), and if you think the price will drop, you can go short (‘sell’). Both […]
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