Oil revert recovery moves as China-led optimism fades, markets await key central bankers
Subsequent to an upbeat start to the key week, the risk profile fades optimism as the Chine-inspired risk-on mood fails to get many takers while […]
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How to Use the ADX Indicator in Forex Trading
ForexTradingwithADXIndicator:KeyTakeawaysHereareafewwaysthatForextraderscanbenefitfromusingtheADXIndicator:1.ADXhelpsyouidentifytrends:ADXisatrend-followingindicator,soitcanassistyouindeterminingwhetheracurrencypairistrendingornot.2.ADXtellsyouwhentoenterandexittrades:WhentheADXisabove25,itistimetoenterthetrend.Tradersshouldavoidenteringtradesinrange-boundorweakmarkets(below20).3.ADXhelpsyousetstoplossorders:Bymeasuringtrendstrength,theADXcanhelpyoudeterminewheretoplacestoplosses.4.ADXhelpsyouconfirmothersignals:BycombiningtheADXwithothertechnicalindicators,youcanconfirmorinvalidatesignals. What is ADX Indicator？ The Average Directional Index (or ADX indicator) is a technical analysis tool used to determine the strength of a market […]
NZD/USD PRICE ANALYSIS: BEARS ARE LURKING IN CRITICAL RESISTANCE AREA
• NZD/USD bulls coming up for ain ahead of the keyUS event. • The price is on the backside of a daily trend, and the […]
NAIRA DEPRECIATES AS EXTERNAL RESERVES FALL BY $3.4 BILLION
On Friday, the naira decreased against the dollar on all foreign currency (FX) markets as squeezed external reserves plummeted by $3.42 billion from now until […]
A woman from the Eastern Cape loses R110 000 in a forex fraud
The WikiFX app is the best tool for avoiding forex scams. With the help of WikiFX, traders may rank and review forex brokers from all […]
Here is what happened in the first week of 2023 that you should not miss as a forex trader
1. GKFX changed its name to Trive and hired eToro principal Dennis Austinat as managing director of the DACH region Trive has hired Dennis Austinat, […]
Watch Out For These Unregulated Brokers Tagged As Unauthorized Firms By FCA – 1/9/2023
Forex scams are schemes that defraud traders of their hard-earned money through various means, such as falsely promising high returns on investments, manipulating software to […]
The Financial Conduct Authority Has Fined Guaranty Trust Bank (UK) Limited £7.6 Million
Guaranty Trust Bank (UK) Limited (GT Bank) was fined £7,671,800 by the UK Financial Conduct Authority (FCA) for major flaws in its anti-money laundering (AML) […]
AUDUSD Breaks Higher as Inflation Rises
Monetary policy is a major cause of the increase in inflation, says Stanford economist John Taylor. The Australian Dollar catapulted to a 5-month high above […]
Avoid Bankruptcy in Forex Trading with this Way
Some traders will get bankrupt because of some factors that will make them lose money, thus traders should know how to avoid bankruptcy in forex […]