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Forex Candlesticks: A Complete Guide for Forex Traders
What could possibly be more important to a technical forex trader than price charts? Forex charts are defaulted with candlesticks which differ greatly from the more traditional bar chart and the more exotic renko charts. These forex candlestick charts help to inform an FX trader’s perception of price movements - and therefore shape opinions of trends, determine entries, and more.
Top 10 Candlestick Patterns To Trade the Markets
Candlestick patterns are important tools in technical trading. Understanding them allows traders to interpret possible market trends and form decisions from those inferences. There are various types of candlestick patterns that can signal bullish or bearish movements. This article will briefly touch upon what candlestick patterns are and introduce the top 10 formations all traders should know to trade the markets with ease.
How to Read a Candlestick Chart
Understanding the basics of candlestick charts is essential before using more complex candlestick patterns
Sentiment Indicators: Using IG Client Sentiment
There are many ways that traders can measure sentiment in the FX market, and of course, there isn’t a one-size fits all method for analyzing it. Depending on your objectives one may be more well-suited for you than another.
What is the Commitment of Traders (COT) Report?
we take more of a big-picture perspective on this very important sentiment report.
Best NFT Sites for Artists
For artists looking to dive into the world of NFTs, several platforms stand out as top choices. OpenSea is the largest and most well-known, offering a wide range of NFT categories and a user-friendly interface, making it easy for artists to mint and sell their work while providing a vast marketplace for collectors to discover new pieces.
Who is the Richest Forex Trader in Nigeria
Uche Paragon is currently recognized as the richest Forex trader in Nigeria, boasting an estimated net worth of between $16 to $20 million . He began his trading career in 2007 and has since amassed considerable wealth through his successful endeavors in the forex market. Paragon is also the owner of two forex trading institutions, one in Lagos and another in Port Harcourt, as well as a thriving business called CCI Traders . His focus on trading oil, one of the most volatile commodities, has contributed significantly to his financial success .
When do forex traders pay tax
Forex traders pay taxes based on their profits, and the specific timing and rate depend on the tax regulations of their country of residence. In the United States, for instance, profits from forex trading are subject to capital gains tax, which is categorized as either short-term or long-term based on the holding period of the trades. Short-term trades, typically those held for less than a year, are taxed at the same rate as ordinary income, which can range from 10 to 37 percent depending on the taxpayer's income bracket. Long-term trades, on the other hand, may benefit from lower capital gains tax rates, with a maximum rate of 20 percent for most taxpayers.
Sentiment Analysis for Forex Trading
Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. While applying sound technical and fundamental analyses is key, having an additional feel for the market consensus can add depth to a trader’s view of forex and other markets. In this article, we outline what market sentiment is, how it relates to forex trading, and what the top sentiment indicators are.