Forex trading is becoming a viable alternative method of making money in Kenya. For some, forex trading is a lucky path to millions. To others, it is a risky adventure into darkness. We have good news for you – it is possible to earn a lot of money through forex trading in Kenya as long … Read More “Forex Trading is your Number 1 Business Idea in Kenya for 2021” »
What is a Wedge Chart Pattern? A Wedge Chart formation is a technical analysis tool used to identify continuation and/or reversal in forex price trends. It occurs when two trend lines converge or tend to converge. When this formation occurs, it indicates that the price movements are decreasing in magnitude. In other words, the market … Read More “How to Use Wedge Chart Patterns in Forex Trading” »
What is a Head and Shoulders Pattern? Analyzing chart patterns is one of the most effective technical analysis tools in Forex trading. Head and Shoulders pattern is a good example of chart patterns. It helps a trader to identify possible reversals in an upward trend. The Head and Shoulders Chart Pattern The Head and Shoulders … Read More “How to Trade Using the Head and Shoulders Pattern” »
What are Double Tops and Double Bottoms? The Double Tops and Double Bottoms are reversal formations in a forex chart. They are used to determine when a trend reversal is about to start. A Double Top occurs when an upward trend is about to reverse into a downward trend. On the other hand, a Double … Read More “How to Use Double Top and Double Bottom in Forex Trading” »
What are Chart Patterns in Forex? A chart pattern in forex trading refers to the shape formed by a price chart in forex trading platforms. It provides an idea of how prices will behave. If you want to become a successful trader, it is pertinent that you accurately predict the price action. Chart patterns help … Read More “Chart Patterns and Formations” »
If you are thinking of doing forex trading in Uganda, or you have already began the process, you will need to decide which broker to choose. You cannot just immerse your head, heart and soul into Forex trading without considering the options you have. Each broker has its own advantages and disadvantages, but there are … Read More “The Best Forex Brokers in Uganda” »
If you are considering to do profitable forex trading in Uganda, there are a few things you need to consider first. One of them is to understand the qualities of a good forex broker. Small scale traders often use brokers that are licensed and accredited to operate in their countries. However, not all Forex brokers … Read More “How to choose the best Forex broker in Uganda” »
The most popular chart indicators in forex are: bollinger bands, MACD, stochastic indicator, RSI, Ichimoku Kinko Hyo and Parabolic SAR. To increase your chances of making forex, you should use at least two of these common indicators. In this lesson we will provide a summary of each indicator with examples. Bollinger Bands Bollinger bands are … Read More “The Most Common Chart Indicators in Forex Trading” »
The Best Time to trade forex in Uganda is the afternoon and evening hours between Tuesday and Thursday when there is high liquidity in the forex market. Timing is extremely essential for successful forex trading. A good trader waits for the right time and signal to open a trading position. Basically, the best time to … Read More “The Best Time to Trade Forex in Uganda” »
Forex trading is one of the most common ways of making big money online with little investment. With a proper and consistent strategy, a forex trader can make huge profits with small capital within a short time. Nevertheless, making money through forex trading is not as easy as picking your pants from the wardrobe. They … Read More “The 10 fatal mistakes that forex traders make” »
Timing is essential factor in forex trading because there are times when the market is highly active and other times when it is dormant. Whilst forex trading is open 24 hours on weekdays, allowing investors from all over the world to trade at any time, the reality is that trading activities vary during different times … Read More “The Best Time to Trade Forex in East Africa” »
In forex trading, a trader operates with a leverage or debt given to them by their broker for every amount they set aside for trading. In a leveraged market, the trader is able to gain more profits using a small amount of money by taking advantage of the amount lent to them by the broker. … Read More “What is a Stop out level?” »
