Global events have an undeniable impact on the Forex market; political, economic, and even natural developments can cause significant volatility. For example, in November 2024, economic developments in the United States led to a stronger US dollar and increased volatility in the Forex market, particularly against the Euro and the Pound. Central bank decisions, wars,…
Read article
Support and resistance levels are fundamental concepts in technical analysis that help traders identify entry and exit points in the market. These levels are usually identified based on previous price points where the market has paused or changed direction. However, many traders make mistakes when using these tools, which can lead to significant losses. In…
Read article
Breakout and Fake Breakout are two key concepts in technical analysis of financial markets. Breakout refers to a situation where the price of an asset breaks through a significant level of support or resistance and enters a new trend. This break usually indicates a change in the price trend. However, Fake Breakout refers to a…
Read article
The Forex Factory website is a valuable resource for traders seeking real-time updates on economic events, market insights, and trading strategies. Learning how to analyze Forex Factory news can significantly enhance your trading decisions. This guide provides a step-by-step approach to understanding and interpreting the news on this platform. Understanding the Forex Factory Calendar…
Read article
The foreign exchange market (Forex) is recognized as the largest and most volatile financial market globally, where various national currencies are exchanged with one another. This market operates 24 hours a day, five days a week, through the internet, with daily trading volumes reaching several trillion dollars. Crypto, or the cryptocurrency market, is known as…
Read article
Trading refers to the buying and selling of financial assets such as stocks, cryptocurrencies, forex, and commodities with the aim of making a profit. This process is based on market analysis, trading strategies, and risk management. Trading can take place over different timeframes (short-term, medium-term, and long-term) and involves various methods such as technical analysis,…
Read article
Trading Psychology Trading psychology examines how emotions and psychological factors influence traders’ decisions in financial markets. This field highlights that emotions such as fear, greed, stress, and confidence can directly affect our behavior and performance. Importance of Trading Psychology in Forex In financial markets like Forex, trading psychology plays a crucial role and significantly impacts…
Read article
What Does Volatility Mean in Forex? Volatility in Forex refers to the extent of price changes in a currency pair within a specific time frame. The greater the range of these changes, the higher the volatility of the currency pair is considered to be. Typically, statistical tools such as standard deviation and indicators like ATR…
Read article
What is Forex? The Forex market, short for “Foreign Exchange Market,” is recognized as the largest and most liquid financial market in the world. This market enables traders and investors to buy and sell various currencies from different countries. Its high trading volume and easy accessibility make it an attractive option for individuals interested in…
Read article
What is Forex? Forex, short for “Foreign Exchange,” refers to the exchange of foreign currencies and is recognized as the largest financial market in the world. This global market allows traders to exchange different currencies, capitalize on exchange rate fluctuations, and earn profits. One of the defining features of the Forex market is its 24…
Read article