Last week was a market of momentum, with traders pricing in the possibility of interest rate cuts by the Federal Reserve, a precursor to rejoicing. But BlackRock isn’t so optimistic to show that the market is ready for any significant change in direction. This week is shaping up pretty eventful with the end of Q1 … Read more
The most widely used trading platform in the world among thousands of retail traders is MT4. MT4, from MetaQuotes, had been a backbone in this industry since the early 2000s and was always out front in forex trade. For computer, browser-based web, and mobile application, the long list of its features makes MT4 a powerful … Read more
Bank failures, runaway inflation, geopolitical tensions, and obscure Federal Reserve policies have wrapped financial markets in a deepening fog of uncertainty that has made traders leery in the treacherous landscape. Most were in search of clarity as Q2 2023 got underway, with seesawing market conditions. Will the forthcoming key economic events, including the US Consumer … Read more
Throughout this guide, we are going to show the unique approach of order flow trading, one of the most powerful and different trading methods that really separates a trader from conventional thought processes of price chart analysis. The strategy can make you one of the best scalpers since it’s all about reading live market action … Read more
The good news is that headline figure inflation is starting to moderate, while the not-so-good news is that sticky core inflation remains a thorn in the Federal Reserve’s side. In this week, the interest rate pause was also echoed by the Bank of Canada, which kept rates at 4.5%. All in all, it was an … Read more
Backtesting is an essential procedure that Forex traders utilize to determine how well a strategy might have performed when it went through different variables in history. To test methods for their profitability, drawdown, and sustainability, traders emulate trades on historical data. This tutorial will illustrate, using five simple steps, how to create a Forex backtest … Read more
This week, markets are in for a high level of uncertainty with sticky inflation concerns and an active earnings season. For the week of April 24-28, major economic data releases and significant company earnings will most likely move the markets. Here’s what traders should look at each trading day. Monday: Quiet Start with Potential for … Read more
The journey in the forex could be pretty cumbersome for one who invests time. A trader usually makes millions of decisions in a single day, each probably with sizeable outcomes. Given the high stake of trading, how should you work to enhance the effectiveness of your decision-making and the outcome of performance? It is at … Read more
The U.S. GDP last week came in shy of expectations, and the PCE inflation number was flat at 0.3%. Developments like these have traders second-guessing what the Federal Reserve may do with interest rates next. The first signs of economic slowdown have started to appear: Are we going to see a soft landing, or no … Read more
Uncertainty continues to dog the global economy, which is experiencing inflation pressures, central banks’ decisions on rates, and market volatility, all forming conditions of trade. There is nothing more important in the economic world than the U.S. Consumer Price Index report. Rate decisions from the European Central Bank and the Federal Reserve will dominate the … Read more
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