When trading forex, knowing when to buy or sell is key, and to make the right decisions, traders mostly use two main methods: technical analysis and fundamental analysis. Technical Analysis: This method studies price charts to find patterns that can predict future price movements. Here’s how you can use it: Support and Resistance Levels: These are price points where the market tends to stop and reverse. Traders use them to set entry and exit points....
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How Does Algorithmic Trading Work?
Algorithmic trading, also known as algo trading or automated trading, is reshaping the financial markets by leveraging technology to execute trades with speed, accuracy, and efficiency. Traders and institutions alike rely on algorithms to streamline trading processes, minimize human error, and optimize profitability. Let’s break down how algorithmic trading works, its key components, and why it’s a game-changer in modern finance. What is Algorithmic Trading? Algorithmic trading is the use of computer programs and algorithms...
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