Forex traders are classified in line with their decision making tools. Broadly they fall into two categories –
Fundamental traders are those who base their trading on fundamental indicators like macro and micro economic information, interest rates, money supply and political stability. They are mainly long term traders and like to hold on to their positions.
Technical […]
Chart is one of the many tools frequently used technical tools for interpreting the market movements with respect to volumes and pricing:
Candlestick chart
Bar charts
Line charts
Point and Figure Chart
Kagi Chart
Three Line Break Chart
Tick Charts
Further all of such charts are classified into different timeframes
60 second charts or The One Minute charts
The Five, Ten and Fifteen Minute charts
Thirty […]
What is forex?The exchange of foreign currency is termed as foreign exchange business or forex.
The primary requirement for conducting exim business is having proficiency in forex activities. It consists of two currencies where currency A is traded for currency B. The rate at which a currency would be traded against the other is determined by […]
