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

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

This is one of the most lucrative investment options available right now. Earlier, only financial institutions and banks could get involved in this but as the internet age grasped the world, millions of people worldwide began to invest in forex trading. The popularity of such trading boomed over the

One of the most challenging questions a trader has to answer is: Should I be buying or selling? Traders establish directional bias by studying high-level charts, support and resistance levels, price action and the overall market trajectory. We know from Dow Theory that th

You are intrigued by the Forex market and want to try your hand at trading. One of the first things you must decide is what kind of trader you want to be. Do you like trading in a 9 to 5 environment where you do not get text messages or calls about stop-loss orders in the middle of the night? Then,

The laws governing the creation of fractals are found throughout nature. Fractal patterns are recursive as no matter how complex the whole, it’s built from many repetitions of the same process. Romanesco broccoli, spirals of pinecone seeds, ice crystals, trees, rivers, leaves and even water drops ex

What is the Bank of England (BoE)? The Bank of England is the United Kingdom’s central bank. The BoE is tasked with setting monetary policy and issuing currency, as well as regulating banks and being the lender of last resort – meaning it provides loans to banks and other institutions that are in fi

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

Now despite its pretty name, this pattern can help you catch some deadly market reversals. As ever there are a few different measurements and parameters that we need to learn for identifying this pattern so stick with me here as we go through those. We’ll take a look at a diagram of what the pattern

The difference between a bid (buy) and offer (sell) price is the spread. We understand that the cost to trade is a major consideration for our clients, so we work hard to ensure we offer some of the most consistent and competitive spreads in the market. It’s our mission to source the best possible b

Friday is the end of the working week for traders as well. Ahead is the weekend and rest, after which again Monday comes, and the new working week herewith. Many traders are concerned about the question “What to expect from the new Monday?” What happens over the weekend? Should I leave trades open o

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

”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

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,

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