In our most recent broker review, we are going to have a look at NordFX – a great broker with various account types and other perks.
In our article today, we’ve decided to have a closer look at the main factors that influence the behavior of one of the most commonly traded pairs – EUR/USD. Given that an extremely large portion of overall FX trading volume is made on this pair, those can be quite important to know.
Despite forecasts that were reported by most polls, which almost unanimously gave the lead to Hillary Clinton, Donald Trump has, it seems, become the 45th president of the United States. Even the first rumors of the republican candidates’ possible victory began causing panic on on the financial markets – both American and internationally. After it became completely clear, that Trump has decisively won, this led to a serious stress in the financial space.
Once of the most popular, and least understood theories of technical analysis in Forex is the Elliott Wave Principle. Developed by Ralph Nelson in the 1920s as a method of trend forecasting for stocks markets, the Elliot Wave theory applies fractal mathematics to market fluctuations in order to create forecasts on how market sentiment will behave. In Essence, the Elliott Wave theory states the the market always moves in series of five upward waves, and three downward waves, which repeat themselves. However, if everything was as simple as that, virtually anyone would be able to easily benefit from this scheme, riding trends as they appear. Obviously, things are somewhat more complicated.
The widely known billionaire, real estate mogul, and current Republican presidential candidate once wrote a book called “How to Get Rich”. In this book Donald Trump who is worth 3 billion dollars, speaks about the secrets of the business world and just as the name of the book suggests, “How to Get Rich”.
Before you begin doing any technical analysis, you need to learn what chart types exist out there, as this is one of the most crucial things needed to be able to trade correctly. In this article, we will have a closer look at some of the most popular chart types that are available in the Meta Trader 4 terminal by default and how to access them.