Understandably, novice traders ask numerous questions at the beginning of their careers, and this approach cannot be called wrong. First of all, newbies to the market are usually interested in what amount is needed to start trading stocks or what kind of deposit they need to start trading currencies. The thing is that no experienced trader will ever tell you exactly what capital is required to start trading – this question has many nuances. Further on, we will try to grasp the subject in detail.

The hammer candlestick pattern is frequently encountered in various markets and provides important information about a possible trend reversal. It is extremely important not only to identify it on the chart but also to use the information effectively. Let's consider in more detail this candlestick pattern, its types, and its features.  

Harami candlestick and/or Harami Cross is a strong candlestick pattern. Harami means "pregnant" in Japanese. And it is true, if you look at these two-candle formations, you can see that the first candle is much larger than the second, as if the mother is carrying a child. Some traders consider the Harami candlestick and Harami Cross a single candlestick pattern, while others subdivide it into two, or even three, different types.

If anyone thinks that only supercomplex methods using the best indicators can help traders in their activity on financial markets, they are greatly mistaken. Practice shows that in most cases successful traders are those who do not chase something new, but use simple, time-tested strategies. We are going to talk about one of such trading strategies today. This trading system is called channel strategy. This strategy is noteworthy because traders regardless of their experience and time spent in the market can master it and use it in trading.

In the bright, loud advertisements everything is so easy and beautiful: novice traders get quick returns with minimal time expenditures, and they reach stable earnings. In reality, the situation looks somewhat different: the majority of newcomers play by intuition and lose the whole deposit in a short period of time. Only a precise and skillful strategy will let the forex traders reach their goal. Today we will talk about trading strategies: the essence of trading strategy, their types, and application. Basically, everything a beginner trader must know before jumping in with both feet.

Technical analysis of the forex market includes many different concepts and definitions, one of which is overbought and oversold. These terms have existed on the market since the very inception of technical analysis and are very important tools in the arsenal of any trader. They are used on all world exchanges and are still relevant.

Key events:       Canada – Core CPI (MoM) (Nov)   USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories  

During the pandemic alone, the U.S. Federal Reserve bought a whopping $3.3 trillion in Treasury bonds and $1.3 trillion in mortgage-backed securities to lower borrowing costs. The reverse process, quantitative tightening (QT), where central banks reduce balance sheets, is much rarer. The Fed is the only central bank that has actually made such an attempt, but it had to stop abruptly in 2019 because of market turmoil. So the asset reduction plan would take the central bank into relatively uncharted territory.

Currently, the forex market offers numerous different tools to improve trading. Experts in financial markets develop both simple trading strategies, which will be convenient for novice traders, and complex systems, combining several strategies. Besides, experienced participants in the market develop their own strategies for their trading. They base their systems on the elements of technical analysis, trend lines as well as support and resistance indicators.

Every trader has at least once heard of aggressive intraday trading when numerous trades are placed during a trading session. Such a trading style is called scalping. Today we will learn what scalping is, how trading using this method works, and what its advantages and risks are. What Is Scalping in Plain Language? Scalping is a kind of speculative intraday trading strategy based on opening many short-term trades to get a small return on them and sum up the expected rate of return.