What Are Forex Robots and Do They Really Work?
AndyW Blog
by Andy W
3y ago
A Forex Robot is a trading software that relies on a set of Forex trading signals that serve to identify buy or sell opportunities in the market. Forex traders can purchase Forex robots and use them at any time. Do Forex Robots Really Work? Traders buy and use Forex bots in a bid to easily […] The post What Are Forex Robots and Do They Really Work? appeared first on AndyW ..read more
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How to Use the Admiral Renko Indicator to Spot Significant Price Movements?
AndyW Blog
by Andy W
3y ago
Renko indicator is different from other price charts because it focuses only on price and ignores time. Additionally, it shows only price movements of a specified magnitude and ignores prices lower than the prespecified level. As a result, it presents a clear visual representation of significant price changes and disregards noise. With normal price charts, […] The post How to Use the Admiral Renko Indicator to Spot Significant Price Movements? appeared first on AndyW ..read more
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What is a Forex Expert Advisor (EA) and How Does it Work?
AndyW Blog
by Andy W
3y ago
A Forex Expert Advisor is an automated system which serves to track the market movements and generates trading signals upon identifying relevant trading opportunities. What is a Forex Expert Advisor? Forex Expert Advisors are usually developed to identify and provide daily Forex signals and inform the trader of new opportunities. Similar to EAs is a […] The post What is a Forex Expert Advisor (EA) and How Does it Work? appeared first on AndyW ..read more
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What is Forex Market Sentiment?
AndyW Blog
by Andy W
3y ago
Forex Market Sentiment refers to the combined mood of all market participants. In other terms, it is the predominant emotion of the majority of market participants that accounts for the current market direction. Forex Market Sentiment Analysis Apart from fundamental and technical analysis, there’s also market sentiment analysis. This is a type of Forex market […] The post What is Forex Market Sentiment? appeared first on AndyW ..read more
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What is the Best Forex Scalping Indicator?
AndyW Blog
by Andy W
3y ago
Forex scalping refers to a method used by Forex traders to capitalize on small price movements. When utilizing this method, Forex traders open a position for a short period of time and try to make a profit on minor price changes. Because Forex scalping can often be time-consuming, traders utilize various indicators to facilitate the […] The post What is the Best Forex Scalping Indicator? appeared first on AndyW ..read more
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7 Common Factors That Influence Gold Prices
AndyW Blog
by Andy W
3y ago
In this article, I discuss the most common factors that produce an impact on fluctuating gold prices. Unlike some other asset classes, gold prices are very sensitive to fundamental developments. Monetary Policy The factor that probably has the greatest impact on gold prices is the Federal Reserve’s monetary policy. Interest rates largely affect gold prices […] The post 7 Common Factors That Influence Gold Prices appeared first on AndyW ..read more
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What Is The Money Flow Index?
AndyW Blog
by Andy W
3y ago
The Money Flow Index (MFI) refers to a popular technical oscillator that gauges the inflow and outflow of capital into an asset over a period of time. The MFI tracks the price and volume to evaluate the buying and selling forces in the market. How Does The Money Flow Index (MFI) Works? The index’s value […] The post What Is The Money Flow Index? appeared first on AndyW ..read more
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How To Trade The Butterfly Pattern in Forex?
AndyW Blog
by Andy W
3y ago
The Butterfly Pattern is a harmonic reversal chart pattern, which can be both bullish or bearish. After a number of measured moves in the direction of the underlying trend, a buy or sell signal is generated. The endpoint defines a direct trading signal and indicates the start of a correction or a new trend. Bullish […] The post How To Trade The Butterfly Pattern in Forex? appeared first on AndyW ..read more
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How To Use TradingView Like A Pro?
AndyW Blog
by Andy W
3y ago
TradingView is a popular web-based charting platform that offers traders a broad set of charting features. It offers a lot of different features which can help you become a better Forex trader. Create a TradingView Account To get started, you need to create a TradingView account. You need to navigate to their website and sign […] The post How To Use TradingView Like A Pro? appeared first on AndyW ..read more
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How to use the GDP (Gross Domestic Product) in Forex Trading?
AndyW Blog
by Andy W
3y ago
The Gross Domestic Product (GDP) represents the monetary value of finished goods in a country’s economy. GDP is typically evaluated on a monthly, quarterly and yearly basis. With such a system, economists and traders clearly assess the overall health of an economy. While there are several formulas to calculate GDP, the U.S. Bureau of Economic […] The post How to use the GDP (Gross Domestic Product) in Forex Trading? appeared first on AndyW ..read more
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