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The most important technical indicator for a daytrader

A technical indicator that many do not know so well is VWAP (Volume Weighted Average Price). However, it is a shame if you do day trading and forex trading for that matter, without knowing about WAP. Why is that? Well, that’s probably the most important indicator you can use as a day trader. An indicator …

Forex Trading with GBP/SEK: Is Sterling overbought?

The currency pair British pound against Swedish kronor has shown an upward trend (that the pound is getting stronger), but many believe that we see an overbought pound now and a crown that has the opportunity to become stronger again. On Friday, the Swedish krona took a hit after data on a downturn in the …

Similarities & differences between RSI & Stochastics as trading signals

ForexTrading got the question from a woman about that mainly use Stochastics as a trading signal: “What would you say is the biggest difference between RSI and Stochastic? A very good question – especially if, like most of us, you don’t want to dig directly into the formulas to draw conclusions (although the formulas for …

9 Pitfalls in Forex Trading & Daytrading

There are several pitfalls in both forex trading and day trading. Here we are going to guide you and address some of the most common pitfalls and mistakes that can befall an inexperienced forex trader who does not know these. With such low barriers to entry, the foreign exchange market attracts many new traders. This …

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Historical returns are no guarantee of future returns. All trading in financial instruments involves risk, including currency trading with CFDs. Financial instruments can both rise and fall in value and it is not certain that you will get back invested capital.

Only invest capital that you are prepared to lose. CFDs are complex instruments that have a high risk of losing money due to leverage. Between 62-89% of all private investor accounts lose money when trading CFDs. You should consider if you understand how CFD works and if you can afford to take the high risk of losing your money. The information on this site is presented for educational purposes and should not be construed as investment advice. It is completely free to use our website, even for real-time prices for a wide range of financial instruments. Instead of charging for using the website, we get paid by forex brokers and business partners with whom we have commercial partnerships.

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