Category Archives: Forex Trading

An Inside Look At Daily Forex And The Significance Of Gold Cfd

Category : Forex Trading

DailyForex is one of the most widely recognized names in the world of foreign exchange, providing real-time financial market information and comprehensive forex reviews to traders globally. Its main value proposition lies in its prompt and detailed forex analysis, tutorials, webinars, learning tools, and insightful brokers reviews, everything a trader needs to succeed in trading the highly volatile forex market.

The beating heart of DailyForex lies in its ability to provide the most current and most insightful forex market analysis. From fundamental analysis that covers political, technical, and financial events influencing the forex market to technical analysis that includes the use of recent price trends, DailyForex offers top-tier analysis that arms traders with the necessary insights to make informed trading decisions.

DailyForex extends its services beyond just forex to other markets like commodities, cryptocurrencies, and indices, thereby offering traders a wide array of options for their investment. In this light, it’s worth highlighting one of the popular commodities traded in the financial market: gold.

Trading gold futures can indeed be lucrative, but it also requires a high-level understanding of the market trends and dynamics. Therefore, many traders opt for alternative methods of participating in the gold market, one of which is trading Gold Contracts for Difference (CFDs).

The ‘gold CFD‘ offers traders a different way to invest in gold without actually owning physical gold. Gold CFDs are derivative securities that allow traders to speculate on the future price of gold. Essentially, profit or loss is made by predicting whether the price of gold will rise or fall. Since you do not own the gold, as with actual gold bullion, this type of trading offers much more flexibility. Traders can benefit from price movements in both directions, and also use leverage to magnify their trading results.

DailyForex plays a vital role in helping traders navigate the world of gold trading. Through their accurate market analysis, traders can get timely information on gold prices and relevant event impacts. This helps to strategize and make informed decisions about their gold CFD investments. Whether you’re a seasoned trader or a novice exploring the world of gold CFDs, DailyForex ensures you get value for your time investment.

For absolute beginners, DailyForex provides ample resources in the form of tutorials and webinars. These resources guide traders into the world of forex, including the trading of gold CFDs. They cover everything from basic concepts to advanced strategies, ensuring that every trader at every level gains something from the platform.

DailyForex also offers broker reviews, wherein they review different brokers offering gold CFD trading. This review process is conducted by seasoned trading professionals and includes factors such as commission, trading platforms, customer service, and trading conditions to help the users select a reliable broker aligned with their trading goals.

In conclusion, DailyForex is more than just a forex portal. It’s an ecosystem that supports, educates, and guides traders to thrive in the dynamic world of forex and gold CFD trading. With its deep market insights, educational resources, and trusted broker reviews, DailyForex ensures that every piece of information you need to navigate the turbulent waters of trading is at your fingertips.

Forex Trading Course Lesson 1 Basics Of The Hammer

Category : Forex Trading

Submitted by: Dragan Lukic

In this

Forex trading course

segment we will focus on a candlesticks which Forex traders see on a daily basis; the hammer. Throughout your

Forex training

you will also come across this type of candle line so an understanding of its characteristics and how they can be used in your Forex trading strategy is essential.

[youtube]http://www.youtube.com/watch?v=xJrnGjbfYH8[/youtube]

The Hammer

Due to its shape that consists of a head and a handle, the hammer has logically acquired this name. Simply put, a hammer is a candlestick with a long lower shadow and a close near the session’s high. The session can be in any time frame such as 1 minute, 2 minutes, 1 day etc. The real body makes up the upper part (with the close near the session’s high). The actual colour of the real body does not matter. However, some Forex traders do consider a hammer to be more bullish if the real body colour is white.

In your Forex trading course you will learn that the hammer’s long shadow also plays an important role when analysing the state of the market. The long shadows mirrors the fact that the market experienced a sell-off or a decline during the day but then the bulls gained control and closed the session off near the session’s high. Note that unless the shadow is double the height of the real body, the candle you are looking at is not a hammer. At the same time, if the candle has a long upper shadow the Forex market is telling you that the session has closed well of its highs and therefore that candle is not a hammer. This is a concept that you must focus on during your Forex training.

Also note that a hammer only appears at the end of a market down-trend, not an up-trend. For example, if you are analysing the Forex on a daily chart and spot a candle with features as described above, you have found a hammer. This is the point where the bulls start to gain control. When we think about it, the fact that the bulls have gained control and closed the session of near its high, we logically assume that the market is prone to changing; and rightly so. However, do not make the mistake of investing your money just because you have seen a hammer. Other chart characteristics are necessary to do this but spotting the hammer is the first step. A hammer does not mean that the trend will change direction, it means that the trend is prone to change. The trend may even pause for a few sessions while it builds up more power and continue in the original direction. If you have invested your money into the trend reversing upwards, this is the point where you need to exit the trade straight away.

Throughout your Forex trading course you should really pay close attention to this symbol but do not take it for granted. Whilst the correct analysis of the hammer, coupled with other Forex trading techniques can deliver fantastic results, equally a lack of attention, focus, analysis or even respect for the hammer can lead to substantial losses. If your analysis proves to be incorrect, you must ensure that you exit your trade to protect your investment. Simply, analyse more charts, try to spot the hammer and paper trade the Forex i.e. pretend to trade with money.

About the Author: Forex Training Worldwide train people around the world how to trade the Forex through our online

Forex trading course

. If you want to know how our

Forex training

can help you make money from the markets please visit the Forex Training Worldwide website.

Source:

isnare.com

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