Mastering the Art of Identifying Support and Resistance Levels in Forex Trading 📈💰
✅In the world of forex trading, support and resistance levels play a crucial role in understanding market dynamics and making informed decisions. These key levels indicate areas where the price of a currency pair is likely to encounter obstacles, either in its upward or downward...
Here's a quick and comprehensive guide on how you can read currency pairs as a forex trader!
As usual my objective is to simplify all aspects of trading, so that even someone who has never seen a chart before, can make sense of the topic at hand.
Let's get into it -
Currency pairs are a combination of 2 different currencies and we can trade them based on how...
Introduction:
In the world of foreign exchange (forex) trading, traders have an array of currency pairs to choose from. Among the various strategies employed by forex traders, a popular approach is to focus on trading a single currency pair. While some may argue that diversification across multiple currencies is more beneficial, trading one currency pair comes...
When trading Forex, it is essential to know about the different types of currency pairs, as some pairs are much riskier to trade than others, especially for those with minimal trading experience.
Major Currency Pairs
Before we discuss major currency pairs, we should first list the major currencies individually. The eight major currencies are:
US dollar...
