The hammer candlestick pattern is formed of a short body with a long lower wick, and is found at the bottom of a downward trend. As Japanese rice traders discovered centuries ago, traders’ emotions have a major impact on that asset’s movement. Candlesticks help traders to gauge the emotions behind an asset’s price movements, believing that […]
Category: Forex Trading
What Is the U S. Dollar Index USDX and How to Trade It
In 1973, many foreign governments chose to let their currency rates float, putting an end to the agreement. Five of the world’s most significant central banks delivered policy this week. The US Dollar Index (DXY) serves as a benchmark for measuring the relative value of the American dollar to a basket of currencies of the […]
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Beginners Guide to Long Trades and Short Trades Saxo Group
If the stock indeed rises to £50 per share, the investor can sell the 50 shares for a profit, as the market value has surpassed the initial purchase price. On the other hand, a short trade is a more adventurous investing strategy that involves “borrowing” and selling an asset with the expectation that the price […]