Recent content by Polakandil

GBP/USD hovers around 1.30000 ahead of the BoE rate and UK jobs data The GBPUSD currency pair yesterday drew a small bullish candle hanging below the upper band line—it was like a hanging man candle. The price formed a high of 1.30111, a low of 1.29550, and a close of 1.30024. The price...

Besides education, I also think research is important, traders can study the impact of a political event on a currency, such as Soros who once shook the Bank of England because of his sharp market analysis and caused huge losses to the BOE.

Ahead of BOJ Policy Rate USD/JPY pair still looking for direction Yesterday pair of USDJPY drew a hammer candle with a bearish candle ending with a long wick on top candle moved near the middle band line. The price formed a high of 149.935 low of 149.097 and a closing of 149.256. The...

Yes CFD gives a unique opportunity, both buy or sell transactions allow for gaining profit.

Gold hovers around $3000 ahead of Fed meeting Last week gold price again hit a new record high at $3004, but trading finally closed lower at 2984. On Monday gold movement tried to rise and drew a bullish candle with a body length almost the same as the previous bearish candle. The price formed...

Scalping trading requires patience without emotion; once emotions are involved, it can lead to trading decisions that rely solely on luck or even recklessly take high risks.

USD/CNH, will the rise reach 7.3000? While the dollar index (DXY) is under pressure, the USD/CNH currency pair is moving near the lower band line. At the end of last week, the price drew a bearish candle with shadows on the top and bottom of the candle. The price formed a high of 7.2542, a low...

One of the interesting factors in CFD trading is the leverage that functions to boost profit even though it is in line with the risk. The higher the leverage, the lower the margin requirement held by the broker as collateral. With the risk also getting higher.

Silver breaks $33; precious metal gains positive traction amid trade war The price of silver (XAGUSD) yesterday drew a long-bodied bullish candle with small shadows on top and bottom of the candle. Silver price formed a high of 33,959, a low of 32,928, and closed at 33,804. Bollinger Bands...

In forex trading, besides relying on technical analysis, fundamental analysis can be an interesting topic because economic data could trigger market changes. This is because of the response of market players to the release of economic data on their trading actions. Today, there is US inflation...

EUR/USD hovers amid moderate US inflation After hitting a high of 1.09473 on Tuesday, the EURUSD pair drifted lower after the release of US inflation data. Yesterday, the EURUSD price formed a high of 1.09307 and a low of 1.08757, closing at 1.08874. The price drew a bearish candle with a...

When buying crypto through an exchange, a trader makes a profit if he buys at a low price and sells at a high price, but trading through a CFD broker like FXOpen allows two ways opportunity to make profit from buy or sell at pair BTC/USD, however the risk higher due leverage factor need to be...

USD/CAD draws indecision candle ahead of overnight rate The USD/CAD currency pair yesterday drew a Doji candle with long shadows on the top and bottom lines near the upper band line on the daily timeframe. The price formed a high of 1.45212, a low of 143792 open 1.44341, and closed at 1.44326...

If a trader experiences consistent losses, it is quite strange and seems to not learn at all from his experience. Various reasons cause losses as mentioned above, but besides that, another reason for losses is trading greedily and relying on luck alone.

USD/JPY falls further ahead of Japan's GDP and US jobs data. The US Dollar and Japanese Yen currency pair remains in bearish sentiment. Yesterday, the price drew a bearish candle with a lower low extending the previous decline. The price formed a high of 147.954, a low of 146.632, and closed at...