June 20, 2024

CPI, PPI, and PMI Indices: Key to Successful Investment and Trading Strategies

An analyst reviews charts on a digital screen, highlighting the importance of CPI, PPI, and PMI in economic forecasting and strategic financial decisions.Economic indicators play a crucial role in fundamental analysis and forecasting medium- and long-term trends, whether it concerns currencies or the prices of major exchange-traded commodities. Among numerous indicators, the Consumer Price Index (CPI), the Producer Price Index (PPI), and the Purchasing Managers' Index (PMI) stand out for their significance and wide application. These indices provide vital information about various aspects of the economic state and directly influence Central Banks' decisions regarding interest rates and monetary policy as a whole. Therefore, understanding these indices allows financial market participants to make well-informed decisions, whether it is investment, trading, or strategic planning.


May 30, 2024

A Journey Through Centuries: How the US Dollar Became the World s Primary Currency

The image illustrates the Coinage Act of 1792, which established the US dollar as the nation's official currency.The US dollar, historically one of the most influential currencies in the world economy, has a history spanning more than two centuries. It has transitioned from a simple unit of account to a global reserve asset, reflecting economic and political changes not only in the country but also globally. Understanding the past and present of the dollar helps traders analyse current market trends, predict their development, evaluate the strength of the "Greenbacks," and make informed trading decisions. So, where did the dollar come from and how did it become what it is today?


May 21, 2024

Ishimoku Indicator: The Key to Effective Trading Strategies

Learn to interpret the five key components of the Ichimoku Kinko Hyo for informed trading decisions.The Ishimoku Kinko Hyo, or simply Ishimoku, ranks among the most universal and potent tools in a modern trader's arsenal. Its ability to adapt to various market conditions and its flexibility in integrating with other technical tools make it an integral part of technical analysis. Ishimoku assists traders not only in identifying and leveraging trends but also in managing risks through clear entry and exit signals. Its uniqueness lies in the ability to aggregate multiple technical data into a simple and comprehensible form. These qualities significantly enhance the likelihood of successful trades on Forex and other financial markets when including the Ishimoku indicator in a trading toolkit.


April 29, 2024

Neural Networks and Artificial Intelligence in Financial Markets: Evolution and Prospects

An image showing a high-tech AI-driven trading dashboard with real-time stock data and futuristic control panels.Almost anyone involved in online trading on Forex, stock, commodity, or cryptocurrency markets has heard about neural networks and their use in trading with robots, also known as Expert Advisors (EAs). So what exactly are neural networks, what do they have in common, and how do they differ from artificial intelligence? What are their advantages and disadvantages? And finally, can neural networks become a reliable tool for every trader, ensuring consistent profits?


April 3, 2024

Fibonacci Levels and Their Application in Trading Strategies

A vibrant illustration showing Fibonacci Retracement on a stock chart, highlighting key levels where prices may change course, blending math with trading strategy.Fibonacci levels have become an integral part of the technical analysis of financial markets. Traders use them as a tool to identify potential support and resistance levels, price pivot points, trend durations, and optimal moments for profit-taking. In the MetaTrader 4 (MT4) platform, among the built-in graphic tools, you can find the Draw Fibonacci retracement option. This tool helps in forecasting the movement of traded assets, based on the assumption that the market moves in cycles and that price corrections often follow the pattern discovered by Leonardo Fibonacci.


March 4, 2024

Fibonacci Levels: From Ancient Civilisations to Financial Markets

Illustration of Fibonacci retracement levels aiding in stock market analysis for identifying support and resistance points.The Fibonacci sequence is one of the most famous and astonishing mathematical discoveries, continuing to inspire scientists, engineers, artists, and researchers worldwide. It showcases the profound connection between mathematics and natural, cultural, and technological processes. This universal concept serves as a vivid example of how abstract mathematical ideas can find practical application in various fields of human activity, affirming the idea of the interconnectedness of all phenomena in the world. The Fibonacci sequence is actively used, including in trading on financial markets. In the MetaTrader 4 (MT4) platform, among the built-in graphic tools, one can find the Draw Fibonacci retracement option. By using it, a trader can identify potential support and resistance levels, and calculate possible price reversal points. So, who was this mathematical genius, and what does his sequence entail?


February 8, 2024

Elliott Waves: The Tsunami that Transformed Financial Markets

An overview of Elliott Wave Theory's journey from Ralph Elliott's discovery to its influence on today's trading strategies, highlighting its role in forecasting market movements.The Elliott Wave Theory stands as a pivotal tool in technical analysis, exerting a significant impact on trading across financial markets. Numerous traders and analysts employ the principles of this theory to forecast market price movements and identify optimal entry and exit points in trades. Based on this theory, a variety of trading strategies and comprehensive trading systems have been developed, finding successful application in Forex, stock, and cryptocurrency markets. So, what exactly is the Elliott Wave Theory, how did it emerge, and how is it applied?  


January 24, 2024

Fundamentals of Technical Analysis: Understanding the Three Key MT4 Charts

MetaTrader 4 interface displaying Bar Chart, Candlesticks, and Line Chart options. Users can easily select their preferred chart type through a simple right-click process for effective financial analysis.MetaTrader 4 (MT4) is one of the most popular platforms for online trading in Forex, stock, commodity, and cryptocurrency markets. A key feature of MT4 is the variety of graphical methods it offers for presenting quotations. By simply right-clicking in the open window of a currency pair, navigating to "Properties," and then to "Common," traders can select from three types of charts: Bar Chart (histogram), Candlesticks (Japanese candles), and Line Chart (linear chart). Each of these charts has its unique characteristics and advantages, which we will explore in this article.


December 12, 2023

Trading Secrets: Trends, Breakouts, Pullbacks, and Corrections, Trading Volumes

The concept of trends, breakouts, pullbacks, and correctionsThe concept of a trend is fundamental in trading on financial markets, be it in Forex, stocks, commodities, or the crypto market. Numerous trading strategies revolve around understanding and navigating trends. However, a trend is not a smooth line that one can easily follow. It is a jagged curve, abundant with unexpected turns, twists, sharp and obtuse angles, ascents, and descents. In each such moment, a trader is confronted with the question: is this a temporary pullback (or correction), after which the price will return to the main path and continue its journey towards the set goal? Or is it a dead end, where, upon hitting, the price will reverse and veer away from where it began its course? A wrong answer to this question entails the risk of losing one's deposit, while a correct one can lead to substantial profits.


December 4, 2023

From the Panic of 1907 to the Pandemic of 2021: The U.S. Federal Reserve in Faces and Events

The Federal Reserve System and the FOMC in the United States are two crucial organizations that influence the economy and finances of the United States and the world as a whole.Every trader who has ever traded currency pairs on Forex, invested in stocks or cryptocurrencies, conducted CFD transactions with gold or oil, has heard of the U.S. Federal Reserve System (FRS). Even if this trader is a fan not of fundamental but exclusively technical analysis, the effectiveness of their calculations and graphical constructions will depend on the decisions made by the FRS. After all, it is these decisions that shape or, conversely, break both global and short-term trends in financial markets. So, what is the organization behind the U.S. Federal Reserve System?


November 1, 2023

From Stress to Success: Psychological Preparation for Trading

Discover the art of managing fears in trading through this powerful image, depicting the trader's resilience and determination in overcoming challenges and embracing opportunities.Trading in financial markets is not just about analysing charts and following strategies, but also about serious psychological self-work. In this article, we will explore the main fears of traders and how to overcome them, discuss how to determine if you are ready to become a trader, and also share recommendations from gurus and influencers of the financial world.


October 4, 2023

Copy Trading and PAMM Services: A Revolution in the World of Investing

How both of these services work, their advantages and disadvantages, and what is required to mitigate risks. The modern world of investing is no longer confined to traditional funds and brokerage accounts. With the advancement of computer technologies and the internet, new democratic methods have emerged, allowing even novice investors to actively participate in the financial markets. Two of the most well-known such methods are Copy Trading and PAMM services. This article will acquaint you with the history of their development and how technology is rewriting the rules of the game in the financial world. You will learn how these services work, their advantages and disadvantages, and what steps to take to mitigate risks and increase profits.


September 22, 2023

Support and Resistance Levels: Fundamentals and Operating Principles

A financial chart with green support lines beneath price levels and red resistance lines above. These lines aid in identifying potential price reversals.Support and resistance levels are among the key concepts in trading on Forex and other financial markets. They are employed in a multitude of trading strategies and serve as the basis for hundreds and thousands of indicators and advisory robots. So, what exactly are they? Let's explore the fundamental concepts and aspects of their practical application.


September 11, 2023

Masters of the Cryptocurrency Market: Who Are They?

Individuals Driving the Cryptocurrency Market

Crypto influencers are individuals who wield substantial influence over market participants, and their statements can have a significant impact on the valuation of digital assets. Some focus on the technical aspects of cryptocurrencies, such as development, security, and mining, among others. Others concentrate on financial matters, such as trading, investing, market analysis, and forecasts. There are also crypto influencers who work to popularize cryptocurrencies among the general public and educate novice users.

Of course, within this cadre of experts, there are those who are more famous and authoritative, as well as those who are less well-known. Below, we will discuss a few of the most influential and popular among them: those wizards who can move cryptocurrency valuations with a single word.


August 18, 2023

Deposit Drawdown: What It Is and How to Recover from It

How to Recover from Deposit DrawdownOn the Forex market, as with any financial market, traders face a series of challenges. One prominent challenge is the deposit drawdown. It's an inherent aspect of trading, and almost every trader will experience it. While some may face drawdowns more frequently than others, it's an unavoidable situation for all. Recognizing its inevitability and mentally preparing for it is crucial. Moreover, having a pre-established strategy to recover from these setbacks is essential; otherwise, you run the risk of wiping out your entire deposit.


July 25, 2023

George Soros: Biography, Business, Influence

The picture displays George Soros the symbol of modern financial markets.George Soros is a name that evokes a range of emotions worldwide. For some, he symbolizes business acumen and philanthropic ideals; for others, political manipulation. But who is this man really, who controls a fortune of $8.5 billion?


July 3, 2023

Online Cryptocurrency Trading: Features and Advantages

Advantages and Secrets of Online TradingThe year 2008 marked the birth of the crypto market. It was in August when the domain bitcoin.org was registered and the description (White Paper) of the cryptocurrency was published. The author of this publication, entitled "Bitcoin: A Peer-to-Peer Electronic Cash System," was Satoshi Nakamoto. The same year, 2008, witnessed another significant event - the brokerage firm NordFX emerged in the financial services market.


June 16, 2023

Money Management: One of the Keys to Success

Money Management is important key to success in trading.Online trading of currencies (Forex), cryptocurrencies, and CFD deals with other financial assets (stocks, gold, oil, etc.) offer unique opportunities for investors and traders. However, to achieve long-term profitability and minimize risks, proper capital management is essential. This is where the concept of handling capitals, or 'money management' becomes significant.


May 30, 2023

Key Indicators and Trading Strategies Based on Them

Showing a chart crowded by many indicatorsThe foreign exchange market, or Forex, is a highly dynamic and complex environment where millions of trades are executed every day. To navigate this market successfully, traders rely on a variety of technical analysis tools, including indicators that help them identify trends, predict price movements, and make informed trading decisions. This article will explore some of the most popular and widely used indicators in Forex trading and in other financial markets.


May 9, 2023

Types of analysis when trading in financial markets

Types of analysis for trading in financial marketsIt is well known that trading in the financial markets is one of the most dynamic and effective ways to make a profit, even in the absence of significant initial capital. That is why it is very popular all over the world. However, it is also well known that this activity is fraught with great risks, and can lead to a complete loss of funds. To trade successfully, a trader must have a good understanding of how the market functions, what the current market situation is and what can happen in the future. Two main types of analysis are traditionally used for these purposes: technical and fundamental.


April 18, 2023

World Financial History: King of Wall Street Paul Tudor Jones II

History of Wall Street King Paul Tudor JonesThe history of the financial world is filled with all sorts of events. And there are specific people behind every success or failure. Among them is Paul TuDor Jones, an American trader, financier and founder of one of the most successful hedge funds in the world: Tudor Investment Corporation.


April 6, 2023

NordFX Partnership Program: Earnings without Risk or Investment

Describes NordFX Affiliate ProgramAffiliate programs (IB) at forex brokers provide an opportunity to earn additional income by attracting new clients to the broker's platform. This can be beneficial both for experienced market participants who want to monetize their knowledge and skills, and for beginners who want to gain experience and earn money by attracting new users. Let's look at NordFX as an example what an affiliate program is, how it works and what opportunities it provides.


March 13, 2023

What Artificial Intelligence Thinks about Itself and Its Role in Online Trading

Robot traderArtificial Intelligence (AI) is a branch of computer science that aims to create intelligent machines that can mimic human behavior and decision-making processes. Neural networks are a subset of AI that are particularly useful for tasks like image recognition, language translation, and forecasting prices for currencies, stocks, and other financial assets.


March 10, 2023

Demo Account: Why It s Needed and How to Open It

Instruction How to Open a Demo AccountA demo account in online trading is a tool that allows beginner traders to gain experience in financial markets without risking their real money. It is a type of account that mimics the trading conditions of a real account but uses virtual funds instead of real ones.


January 26, 2023

Trader s Cabinet: Detailed Description of the Functionality

Screens showing terminals and trader's cabinetOnline trading in Forex, crypto, stock or commodity market is impossible without registering and opening an account with a brokerage company. And as soon as traders go through these procedures, they immediately become the owner of the Trader's Cabinet (TC) on the official NordFX website.

This is as mandatory and useful as a trading terminal. Knowing the functionality of both, and the ability to use it correctly, can be of great help in such a difficult matter as trading in financial markets.


January 9, 2023

What is Forex VPS and What Is It For

Explanation what is Forex VPSThe trading conditions in which modern traders work have changed dramatically over the past 10-15 years. Today, a trader's computer and trading terminal are able to work miracles, performing the most complex mathematical calculations in a fraction of a second. Moreover, it is now possible to fully automate the entire trading process using robot advisors. Nevertheless, for the automation to be complete, in addition to the robot, you also need a Forex VPS.


December 1, 2022

Stocks, Forex, and Santa Claus

Forex rally before ChristmasWho is Santa Claus? Everyone knows that this is a gray-bearded plump old man who manages to climb into the chimney at Christmas to give gifts to those children who have been good all year. But it turns out that gifts can be received not only by obedient kids, but also by traders and investors, regardless of their behavior in the past year.

Every December, Wall Street and other global exchanges start talking about Santa Claus Rally: days when market participants have the opportunity, if not to get rich, then at least to seriously improve their financial condition. So, what is Santa Claus Rally: a real economic phenomenon or just a fairy tale for adults? 


November 7, 2022

Oil Is Black Gold for CFD Trading

How to trade oilOil is a mineral used to produce fuel. And it is also used as a raw material for household chemicals, cosmetics, clothes, children's toys and many other products are made from it. But not only. Oil is also a popular commodity that is traded all over the world, wholesale and retail. But this is not all either. Among other things, oil is a financial CFD instrument that allows you to earn on fluctuations in its price but does not require you to have it in stock. You don't need oil platforms and wells, oil pipelines and tankers, barrel-packed warehouses. All you need is a computer or a smartphone connected to the Internet and a trading account with the NordFX brokerage company.


October 6, 2022

How to Open Account on Phone

Instruction How to Open Account on your PhoneIt is very easy to open a trading account with the NordFX brokerage company from a mobile device: a smartphone or a tablet. You will only need to take a few steps to do this.


September 2, 2022

The Economic Calendar Is a Useful Tool for a Trader

Forex economic eventsThe quotes of currency pairs, as well as cryptocurrencies, stocks, gold, and other assets, are influenced by many different events taking place in the world. These are parliamentary and presidential elections, decisions of the Central Banks, the release of macroeconomic data, and many other factors. Their description and dates are published in the Economic Calendar on the website of the NordFX broker in the TOOLS section. And this is not accidental, as such a calendar can be a very useful tool with which traders can increase their profits and avoid unpleasant “surprises” that can knock down stop orders and even reset the deposit.


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