Tag: Currency Pair

A currency pair is a set of two currencies that are traded simultaneously in the foreign exchange market, with each currency representing a different value relative to its counterpart. Currency pairs are traded in many different combinations of world currencies, including the US dollar, the euro, the Australian dollar, the British pound, the Japanese yen and many others. Currency pairs provide investors and traders with the opportunity to buy and sell foreign currencies to make profits or hedge against current economic trends. There are many different ways of trading currency pairs, with traders utilizing different strategies to take advantage of market price movements. Understanding the fundamentals of trading currency pairs is essential for any investor looking to make smart, profitable trades.

Forex Trading Strategies

How to Use Ichimoku Settings 7 22 44 for Forex Trading

By Simon Cristian
September 15, 2023

6 min read

Ichimoku settings 7 22 44 is an excellent tool for forex traders. This setting uses three different settings that helps traders spot important trading signals in the markets. The 7 setting stands for the seven-day Moving Average, 22 stands for the 22-day Moving Average and 44 stands for the 4-week Moving Average. With this tool, traders can easily identify strong buying and selling signals which will help them make profitable trading decisions. Additionally, traders can also use this setting to determine support and resistance levels, spot trends and identify important breakouts. Ichimoku settings 7 22 44 is an invaluable tool and should be an essential part of any forex trader’s arsenal.

News Order

MT4: How to Set All Orders to Breakeven in Forex Trading

By Benjamin Gentry
September 13, 2023

4 min read

MT4 Set All Order BreakEven Forex is a feature that allows traders to move all their current open orders to break even. This is especially handy when a trade is going against you and you want to at least recoup some of your costs. The MT4 Set All Order BreakEven Forex will move your stops to break even or to a predetermined profit/loss, depending on what your strategy dictates. This way, you limit your losses and give yourself a chance to take some profits before exiting a trade. It’s easy to activate and requires no coding knowledge, making it a great way for beginner and professional traders alike to protect their capital.