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In forex trading, TP is a short form of ‘Take Profit’. It is not a strategy that you can trade but it indicates the price where you will be taking your first profit (TP1) your second profit (TP2) and your third (TP3). If you are a trader you have come across the terms “TP1” “TP2” […]
In the bustling world of forex trading, selecting the right broker is paramount to your success. As a Kenyan trader, navigating through the myriad of options can be overwhelming. However, armed with the right knowledge and criteria, you can confidently make an informed decision. In this guide, we delve deep into the key factors to
In the realm of financial analysis, Year-over-Year (YoY) analysis stands as a pivotal tool, facilitating the comparison of time-series data and revealing insightful trends and patterns. With our comprehensive insights into accounting, financial analysis, and modeling, we delve into the depths of Year-over-Year analysis to elucidate its significance and application across various domains. Understanding the
In the ever-evolving landscape of cryptocurrencies, identifying the most promising assets can be both thrilling and daunting. With over 16,000 digital currencies in circulation, pinpointing the next big player requires insight, analysis, and foresight. In this comprehensive guide, we delve into five cryptocurrencies poised for remarkable growth in 2024, offering investors a glimpse into potentially
In the competitive world of proprietary trading, successfully navigating a prop firm challenge requires a combination of skill, knowledge, and strategic planning. At Traders Union, we understand the intricacies of prop trading challenges, and our experts have compiled a comprehensive guide to help you not only pass but excel in these tests. Understanding the Prop
In the financial world, forex trading stands out as a dynamic and intriguing avenue for those seeking to unlock new opportunities. Short for foreign exchange, forex trading revolves around the global exchange of currencies, making it the largest and most liquid financial market worldwide. While the complexities of forex may seem intimidating at first glance,
Binary options trading has emerged as an accessible and potentially lucrative way to engage in the financial markets. This trading method offers a straightforward approach, where traders can profit from predicting the price movement of various assets, including stocks, currencies, commodities, and indices. However, the simplicity of binary options trading is deceptive; success requires a
The foreign exchange market, often referred to as forex or FX, stands as the largest and most liquid financial market globally. With trillions of dollars exchanged daily, it offers a dynamic landscape for investors and traders seeking opportunities. Predicting forex movements is a fundamental skill, essential for making informed decisions and maximizing profits. While absolute
One of the advantages of joining forex trading forums is that you get to interact with fellow currency trading enthusiasts. As one delves into these discussions over time, certain recurrent questions and concerns become apparent across various threads. In this post, we’re shining a spotlight on the most prevalent trading challenges frequently encountered in these forums. I’ve
Forex trading, also known as foreign exchange trading, is the buying and selling of currencies in the global market. It is the largest and most liquid financial market in the world, with an average daily trading volume of $5 trillion. Forex trading offers individuals and businesses the opportunity to make profits by speculating on the