Fibonacci levels are one of the most popular tools in technical trading. They’re used to find potential retracements levels during strong trends and are based on Fibonacci ratios, identified by the famous 13th century Italian mathematician Leonardo Fibonacci. Fibonacci ratios, such as the Golden Ratio, can be found in both natural and artificial environments. This
Like it or not, Forex brokers are an integral part of any trader’s life. That’s why it’s important to understand how they operate, how they make their money and how to protect against bad broker practices such as stop-hunting. In the following lines, we’ll dig deeper into what Forex brokers are, what their main types
If you’re new to price action trading, I first recommend you read what price action trading is all about. Once you’ve got to grips with this, let’s begin … Price action trading in one of the most rewarding trading strategies available not only to Forex traders but also to traders who trade other financial markets.
Back in 2007, the retail Forex industry was valued at around $190 billion. In 2018, that number more than doubled to reach a stunning $400 billion. There are millions of traders worldwide with an average retail trading account of around $8,000. Given these sums, it’s reasonable to assume that not all firms involved in the