Oil prices and forex rates share an intimate relationship; this correlation exists due to many factors, such as balance of trade, supply chain patterns and market psychology. Crude oil is an important source of energy, and fluctuations in its price affect the global economy. The currency exchange rate becomes one of the important channels through [...]
A forex economic calendar is useful for traders to learn about upcoming news, events that can shape their fundamental analysis. Fundamental Analysis shows you the core reasons why currency prices move. So it’s also a fact that you can always be one step ahead, primed and ready to take full advantage of the market before [...]
Profit targets are the most important part of your trading. A profit target is a predetermined point at which an investor will exit a trade in a profitable position. It requires you work out in advance exactly how much risk you are prepared to take for how much potential reward. In this article we are [...]
The approach is precise as its name implies – a system in which you setup everything prior to trading and then leave all actions to be automated according to predefined parameters. You have to understand that set and forget trading is not a strategy, it is a trading approach. You chose your entry, stop losses, and [...]
