Author: priceactionadmin
Beginner traders do everything they can to stay true to the fundamentals and follow every rule, tips, and piece of advice they come across while beginning to trade. However, as traders gain expertise, they begin to wander away from the basic trading guidelines that helped them succeed early in their trading careers and return to […]
The forex market closely follows a few key news, events, and announcements. Many major news, events, and announcements are keenly followed by the currency market. These variables have a significant impact on market movement and behavior. As a result, it’s essential to understand which releases will have the greatest influence and volatility in order to […]
The relative strength index(RSI) is usually used to detect when a market is overbought and oversold. The RSI can be used to develop an intraday forex trading strategy that capitalizes on evidence that a market is overextended and therefore likely to retrace. The RSI is a commonly used technical indicator that identifies overbought conditions when […]
If you know how to buy and sell currencies, then trading in the forex market can be exciting and profitable. If you’re interested in this, you may also wish to take it as a career. Forex Market Overview The forex market is open 24 hours a day, 5 days a week. This signifies that jobs […]
Oct 26 US Consumer Confidence Increased in October (USA) The Conference Board Consumer Confidence Index® increased in October, following declines in the previous three months. The Index now stands at 113.8 (1985=100), up from 109.8 in September. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose to 147.4 from 144.3 […]
With more than $6 trillion in daily trade, Forex is the world’s largest financial trading market. Even though the market is known as the “gateway to success,” the majority of people do not succeed. The majority of traders that fail do so for the same reasons. Extreme market leverage, the use of borrowed cash to […]
Wed Oct 13, 2021 CPI m/m (USD) Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Core CPI m/m (USD) Consumer prices account for a majority of overall inflation. Inflation […]
