What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

Liquidity and Trading Sessions: is there a Best Time to Trade? While it is true the foreign exchange (forex or FX for short) market is open 24 hours a day, five days a week, it is not constantly active. Breaking down the currency market into manageable chunks is important. Understandi

Several key factors can move the Forex market. These factors put together make up what we call fundamental analysis. Understanding the impact of these essential factors helps traders decide which positions to take in the markets for their chosen pair. Therefore, every trader must study these factors

In the dynamic world of finance, Proprietary Trading Firms, often referred to as “prop firms,” have gained prominence for their unique approach to trading. These firms play a significant role in the financial markets, yet their operations may seem complex to the uninitiated. In this article, we will

The simplest way to describe Smart Money Concepts (SMC) trading is to say that it is price action by a different name. SMC involves using classic Forex concepts like supply and demand, price patterns, and support and resistance to trade, but the concepts have been renam

Averaging is a popular strategy in forex trading. Many traders are familiar with it and have used it at least once. However, believe it or not, most traders don't have a good understanding of this strategy. While they know how to execute it, most traders don't fully grasp why they use this strategy.

In the fast-paced and ever-evolving realm of trading and investing, the ideal of becoming the "perfect trader" transcends the concept of a simple goal—it's a continuous, ever-shifting aspiration rooted in deliberate practice, adaptive strategies, and profound self-awareness. This article aims

Is spread betting halal? – Forex by Islamic laws Is spread betting halal or not? Is Forex trading halal? Before answering these questions, we will see what represents spread betting in trading. Spread in trading jargon stands for the difference between the bid and ask price (stock price, currency pa

A relatively straightforward concept, negative balance protection (NBP) simply means that you can’t lose any more money than is in your account. So, if you have GBP1000 in your account, for example, you can’t lose more than that. Imagine you have GBP1000 in your account and you enter a CFD trade wit

Building a Stable Automated Trading Strategy Amid Market Instability In the fast-paced world of financial markets, the ability to adapt and thrive amidst market instability is paramount for traders and investors. Automated trading strategies, driven by algorithms and cutting-edge technology, have ga

What is the Batman Trading Pattern? The Batman trading pattern is a relatively uncommon but interesting pattern used in technical analysis, specifically in forex trading. It comes in both bullish and bearish versions, indicating potential upward or downward price movements, respectively. However, it

A Crawling Peg Exchange Rate - What is Crawling Peg? Counties facing Forex volatility and economic instability may use a crawling peg exchange rate to shield their economy from negative fallout, but what is a crawling peg? We will explain the two types of a crawling peg exchange rate and discuss its

Forex Trading Guide: Harnessing Potential with No Deposit Bonuses Table of Contents Toggle Forex Trading Guide: Harnessing Potential with No Deposit BonusesWhat is a no-deposit bonus Forex?How does it work?Advantages and disadvantages Key considerations for traders The Forex market is huge. It is th

Quality of earnings: explanation and real-world examples Table of Contents Toggle Quality of earnings: explanation and real-world examplesEarnings Quality and Financial Reporting AnalysisUnderstanding Earnings QualityEarnings Quality in Due DiligenceReal-World Examples of Quality EarningsExecutive S

What is the purpose of a funded reserve? Get All The Info. Key Takeaways of the Funded Reserve: A reserve fund is a financial safety net for unexpected or future expenses. Governments, banks, and individuals often save money in interest-earning accounts. Pensions work like reserve funds, with invest