In the contemporary marketplace, chart patterns are a favorite tool for legions of participants. In the study of Japanese candlestick or open-high-low-close (OHLC) pricing charts, patterns are often used to evaluate market state or to craft trading decisions. Whether you're trading futures, forex, bonds or equities, chart patterns may be implemented on any product and time frame. One of the most popular formations is the ABCD pattern. A readily discernible…

When it comes to active forex trading, there are three basic types of analysis: fundamental, technical and hybrid. Each features a collection of unique advantages and may be integrated within the context of a comprehensive trading plan. However, for legions of traders around the globe, technical analysis is the go-to methodology for crafting astute market-oriented decisions. What Is Forex Technical Analysis? Technical analysis is the exclusive study of past and…

The onset of the COVID-19 pandemic created a need for many new, personalised services. In an attempt to slow the spread of the contagion, businesses deemed "non-essential" closed their doors, employees began working from home and food vendors developed creative new ways of catering to their clientele. One industry that gained significant marketshare during the COVID-19 pandemic was online grocery services. Among the largest players in the online grocery sector…

The term "fintech" has become a buzzword for companies specialising in the provision of cutting-edge, digital financial services. The sector's modern incarnation may be traced back to the early 1990s and a Citigroup project dubbed the "Financial Services Technology Consortium." At its core, fintech is the promotion of technological cooperation within the world of finance. Although the fintech sector has been around for decades, its presence in the business world…

In the contemporary marketplace, technical analysis is the preferred methodology for countless forex, futures, debt and equities traders. By utilising a vast array of indicators and tools, market technicians attempt to secure profitability by studying price action. Among the most popular devices implemented in technical analysis are chart patterns. A chart pattern is a visually discernible formation in price. Patterns offer insight into past and present market states, and are…

In forex trading, there are many types of orders that traders use to enter and exit the market. Among the most popular are stop, limit and market orders. Each offers unique functionality and a collection of strategic uses. No matter what the trader may be tasked with, it's important to understand how these three order types work and how to maximise their efficiency in live market conditions. The Three Primary…

Since the 2009 launch of Bitcoin (BTC), cryptocurrencies have been controversial financial instruments. From industry-leaders such as BTC and Ethereum (ETH), to newer coins like Polkadot (DOT) and Tron (TRX), the role of virtual money in finance is a hotly debated topic. Amid the dramatic early-2021 spike in crypto values, talk of mainstream financial adoption reached a fevered-pitch. Throughout the late-2020/early-2021 runup in prices, Dogecoin (DOGE) established itself as a…

For active forex traders, properly locating orders is a key part of conducting day-to-day business. Understanding order functionality and how different types impact trade execution is critical to interacting within the market competently. If not, untimely mistakes can lead to lost opportunity, or worse, lost capital. On the buy-side of the equation, there are two order types that market participants need to be familiar with: buy limits and buy stops.…