Trade

Most Forex traders use Bollinger Bands. Bollinger Bands make it easier to know if there is a trend. However, the contrarian strategy using Bollinger Bands does not fit so well, so be careful.

The pound is considered one of the world's four major currencies, along with the dollar, the yen, and the euro. The value of the pound alone is very high, but when trading the pound, you can see the relative strength of the pound by looking at other pound combinations.

Forex day trading is very difficult. First of all, there are many cases where day trading does not aim for a large price range, and most cases are short trades. Even if you can earn a lot of money, there are many cases where you do it in one shot, so you need to take care of your mental side.

It may be a recommended article for those who want to trade from now on. Gold trading tends to go hand in hand with the forex market. Therefore, since there is a correlation, it is very easy to do when combined with EURUSD and USDJPY.

Japanese traders are known to have a large population worldwide. But most of these Japanese traders are said to be dupes. Why is that? What is the reason?

It is often said that it is better not to trade on Mondays. This is because Monday itself marks the beginning of the week and the day trading begins. The reality is that there are many traders who are not good at finding the rhythm in the chart.

For Forex traders, Friday is often referred to as Magic Friday. It is said that many people lose big on Fridays, but why is that? I will explain why there are many people who lose only on Fridays.