Author: Kent

Most online traders have certain preferences when it comes to the financial markets they invest in. Some may choose to trade the stock market, while others may prefer to trade in the forex market. In order to trade profitably, online traders first need to understand the differences between these financial markets. This will help them understand which market is likely to suit their trading preferences and risk tolerance. It will also help them make better decisions when it comes to implementing their trades. In this article, we’re going to highlight some of the key differences between these two popular financial…

As traders, we all want to be successful. And we all want to start making money as soon as possible. While there are no shortcuts when it comes to trading, there are things that you can to improve your trading decisions and your overall profitability. In fact, one of the easiest things you can do is to try trading signals. And whether you’re new to trading, or if you’re already using one of the best forex brokers in Nigeria, you can still get free access to these helpful little tools. What is a Trading Signal? A trading signal, or a…

What Is An Economic Calendar? An economic calendar is a forex trading tool which includes important financial information like consumer prices index, insurance rates, employment reports, and non-farm payroll numbers. It also includes the purchasing managers index, GDP reports, inflation reports, confidence data, and speeches by central banks. Many forex traders find economic calendars helpful. They use them to track key data releases and market-fluctuating events. By doing so, they can try to anticipate when major movements will take place, choose which forex pairs to focus on, and plan their trades accordingly. Why Are Economic Calendars Important For Forex? Economic…

What’s the difference between a professional trader and a beginner? The ability to read charts and complex chart patterns and identify profit-making opportunities – i.e., know exactly when it’s time to buy assets and when to dump them. A professional trader gets this information from a Japanese candlestick chart made up of individual candlesticks. How a rice merchant helped traders Candlestick patterns are a technical analysis tool used to determine potential price movement based on studying Japanese candlesticks – a graphical representation of market data. The candlestick chart was created by Munehisa Homma, who traded on the Japanese rice exchange…

Cryptocurrency trading can be a lucrative endeavor…if you know what you’re doing. The key to success in trading cryptocurrency is to have a solid strategy in place before you enter the market. With so many different approaches to trading, it can be tough to know where to start. That’s why we’ve put together this list of three proven strategies that you can use to trade cryptocurrency successfully. The first strategy is what’s known as “buy and hold.” This approach involves buying a certain amount of cryptocurrency and then holding onto it for an extended period of time, regardless of what…

In this article, I will introduce the Elliot Wave Theory, named after Ralph Elliot. This theory is used by many forex traders today and it states that the market price moves in cycles. I will explain how this theory works and why it is still relevant in today’s markets. The Elliot Wave Theory is based on the observation that market prices move in cycles. The basic idea is that there are two types of waves: impulsive waves and corrective waves. Impulsive waves move in the direction of the trend, while corrective waves move against the trend. The theory states that…

Many novice traders have heard of Gann’s method, which is highly accurate and popular in the trading environment. William Delbert Gann became famous for his outstanding ability to make accurate market predictions based on his calculations and observations. His approach was eventually turned into a trading methodology that allows you to predict market movements with incredible accuracy. In this article, we will take a closer look at the Gann technique and its application in trading. What is Gann’s Theory? Gann’s theory uses different geometric constructions and angles in conjunction with price and time. Gann believed that certain geometric angles had…

In pursuit of more profit, traders are always on the lookout for new assets. It is essential for an investor to pick assets with high earning potential. One of the promising financial instruments is CFD – Contract for difference. So, what are CFDs, and how can you earn from CFD trading? Read on to find out. Contract For Difference And Its Features A contract for difference (CFD) is an agreement between a buyer (trader) and a seller (a CFD broker) that stipulates that the buyer must pay the seller the difference between the current value of an asset and its…

To be successful in the foreign exchange market, traders need to have a trading strategy that works for them. Without a forex trading strategy, some traders end up taking a gamble in the market with increased risk of capital loss. We examine what forex trading strategies are and look at some popular ones used by many traders worldwide. What is a Forex Trading Strategy? A forex trading strategy is a method used by traders to decide on when to enter and exit the market and which currency to buy or sell. Forex strategies may be developed by the traders themselves…

When you are looking for a broker to open an account and perform your trades, it is essential to know the advantages and disadvantages of the different types of brokers. There are three familiar brokers; ECN, STP, and Market Makers. It can be hard to know the best forex broker to choose. There are so many of them, all with different offers and terms and conditions. This article will give you insight into what some of these terms mean and how they can affect your trading. What Are Market Maker Brokers? A market maker or liquidity provider is a company,…