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Market opening
Market opening is the time when markets open for trading after the weekend, holidays or after the interval between trading sessions.
Chapter 8. Trading sessions
Despite the fact that Forex operates within 24 hours, there are certain time frames during which it can be more or less active in relation to transactions with different currencies. It can be explained by the working hours of the world’s ma...
Scalping
There is no single opinion about the scalping trading strategy. However, more and more traders are getting interested in this method. Why does scalping look so appealing? Probably because it is one of the few ways to make a quick profit on...
Japanese candlesticks (I)
Where do Japanese candlesticks come from? Candlestick charts are thought to have been developed by Munehisa Homma, a Japanese rice trader. He developed a method of analyzing the futures market to predict the prices of rice contracts. This m...
Support, resistance and trend types
The primary task of technical analysis of financial markets in general and the Forex market in particular is finding a trend on a plotted chart. The Dow theory discerns three types of trends: long-term, medium-terms and short-term trends. T...
Determining winners
1. The Winner's account will be determined by the following scheme: the last 5 digits of the account are used to determine the winner (no matter whether it is a 5-digits, 6-digits or 7-digits account). If these 5 digits coincide with device...
