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

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

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

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

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

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

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

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

What is marginal revenue product (MRP)? Table of Contents Toggle What is marginal revenue product (MRP)?Definition and Explanation of the Marginal Revenue ProductMRP in Supply Chains Integration with ERP and BOMGaining a Deeper Understanding of MRPWhy Entrepreneurs Rely Heavily on MRP?Optimizing Inv

What is a crowded trade, and how does it work exactly? Table of Contents Toggle What is a crowded trade, and how does it work exactly?What is important while making investment plans?What is Crowded Positioning?When does it occur?Navigating Crowded Short Trades: Insights and RisksUnderstanding the Ph

Xabcd pattern: what is it and how to identify it the best Table of Contents Toggle Xabcd pattern: what is it and how to identify it the bestWhat is the Xacbd pattern exactly?They bring unique Fibonacci ratios and criteria. What are the three types of Xabcd chart pattern measurements?How to identify

Mark to Market – What is MTM? Mark to market is a set of rules created by FASB, the Financial Accounting Standards Board that governs how corporations and nonprofit organizations in the United States should report their finances. FASB’s Statement of Interest “SFAS 157–Fair Value Measurements” outlin

What is the European Central Bank? The European Central Bank (ECB) is the central bank for the euro and the Eurozone. It’s responsible for administering monetary policy within the Eurozone. All the central banks of each EU (European Union) member state own the bank’s stock. The ECB directly supervis