When digital currencies first arrived on the scene, the concept of blockchain was born. Since then, this term has been replaced with the term “digital ledger.” The reason for this name is that the blockchain is exactly that, a digital ledger. If we consider traditional accounting principles, double-entry bookkeeping has a party and a counterparty…
At the outset of the blockchain, there wasn’t a single coin in circulation. This meant that each coin had to be created by transactions that did not include a coin that was already in existence. Therefore, the two parties would make a deal, and after the verification process, they would be able to create a…
Don’t Quit Your Day Job One of the biggest motivators driving investors to get into the FOREX market is to achieve financial independence. This is certainly a reasonable goal to have. However, if you have your heart set on quitting your day job to become a full-time investor, then there is something you should know….
Analysis & Trade Sharing In the rule of money management, we mentioned investor psychology as a crucial factor to consider. Indeed, your mentality plays a critical role in establishing a winning attitude during your trading activities. Those investors who are able to keep their emotions in check are the ones who can maintain a more…
Types of FOREX Markets There are various types of FOREX markets you can choose to invest in. Depending on your expectations, experience, and interests, you can choose to invest in any of these markets. The best part of all is that you can dip your toes into all markets at the same time. However, we…
Handling Divergence Drawdown One of the biggest challenges that FOREX investors face when utilizing the divergence strategy is drawdown. Drawdown occurs when a number of stops are triggered at various points in a trading cycle. When a sudden number of stops are hit, the price may automatically tank, thereby leaving investors short of profit. In…
Introduction To And Rules Of Divergence Divergence is one of the most common indicators which is used to guide investment decisions. When you are able to spot divergence clearly, you can pick up on the overall direction a trend is heading. In this manner, you can anticipate, within a reasonable margin, the potential reversal in…
Support Level Confluence In this type of setup, you are basically speculating on a breakout. Please bear in mind that you need to spot at least three hits in order to determine your support level. Additionally, the price action may reflect a resistance level, or perhaps not. It is not necessary to establish both a…
Using Divergence for Entry and Exit Strategies Divergence is highly effective when you are looking to plot entry and exit points as part of your overall trading strategy. Mainly divergence can signal at what point you can get in and at what point you should get out. It should be noted that the perfect entry…
Working With Indicators MetaTrader 4 is loaded with indicators. It comes pre-loaded with over 50 various indicators. These core indicators are set up automatically when you install MetaTrader 4 for the first time. For the most part, you might not see the need for additional indicators. The core indicators may be more than enough to…