In forex trading, you don’t control the market, but you do control your risk. That’s why professional traders rely on tools like hedging and stop loss to manage potential losses. While both serve the same purpose, protecting your account from big drawdowns, they work very differently. In this article, we’ll break down the difference between hedging and stop loss, and dive into four stop loss techniques that can help you trade with confidence. Hedging and...
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Market Behaviour Using Supply and Demand Order Flow
Want to Read the Market Like a Pro? Start with Supply and Demand Order Flow If you've ever asked yourself, “Why did the market reverse there?” or “What’s driving these moves?”, you’re not alone. The forex market may seem unpredictable, but behind the price candles lies a constant tug-of-war between two forces: supply and demand. When you understand order flow, the way buy and sell orders enter the market, you begin to see price movement...
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Volatile Currency Pairs and How to Trade Them Effectively
Why Volatility Matters for Traders Volatility isn’t just a buzzword in forex, it’s the heartbeat of opportunity. For many Nigerian traders looking to grow their capital, volatile currency pairs offer the potential for higher returns in shorter timeframes. But they also come with risks that demand a sharp eye and an even sharper strategy. At FXCG, we believe that knowing how to navigate volatility can give you a serious trading edge. So, let’s break down...
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Megaphone Pattern in Forex: Definition and Trading Strategy
The forex market is full of patterns that offer insight into price action, but few are as misunderstood (and misused) as the megaphone pattern. Also called the broadening formation, this pattern reflects increasing volatility and indecision, and if you know how to handle it, it can present some powerful trading opportunities. In this guide, we’ll break down what the megaphone pattern is, why it happens, and how to trade it effectively. What Is the Megaphone...
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What Are Order Blocks in Forex Trading?
If you’ve ever wondered why price tends to stall or reverse in specific zones, even without obvious support or resistance levels, the answer may lie in order blocks. These are footprints left behind by big players in the market, banks, institutions, and other heavyweights. Order blocks are becoming a powerful tool in the arsenal of price action traders, especially those using platforms like MetaTrader 4 (MT4) with ECN access. Let's explore what they are, why...
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