Who is Bill Williams? Bill Williams is an influential figure in the world of trading psychology and technical analysis. His fame spread rapidly in the 1990s due to his ‘Trading Chaos’ series of books, as well as the range of popular indicators that he invented. He has been operating as a trader and

I love to trade a lot – which is of course a euphemistic way of saying I love to gamble. Although I have been to Vegas more than a dozen times I never laid down so much as a dollar bet in any casino. I have absolutely no interest in blackjack, craps, slot machines or any other games of chance and I

MetaTrader 5 gains traction, but MetaTrader 4 is still the king of FX trading according to some statistics.MetaQuotes as a platform provider still dominates the market, countering the growing competition. The MetaTrader 4 platform has been on the market for seventeen years and its revamped version,

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

”In trading, your biggest enemy is rarely the market. It’s often your own mind.“ No matter how sound your strategy is, or how many hours you’ve spent analyzing charts, the moment you enter a trade, your emotions take the front seat. Fear, greed, frustration, impatience

What is year-over-year? One of the most important things that companies care about includes growth. They will always want to know whether they improved or not. A year-over-year is one of those measures that can help them understand how they have faired every year. It can be defined as something that

CAPITAL markets in Africa are generally not as sophisticated as those abroad. Some stock exchanges in Africa can stay for one year without listing a single company. With the exemption of South Africa, Kenya and most recently Nigeria, the derivative market is not functional nor properly regulated in

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