August 11, 2024 Aud/USD Sunday Analysis Analysis Last week on AUDUSD we saw a bounce back from a huge bearish drop to begin the week. We saw a huge drop Monday and the trading pair bounced back bullish for the week. We had a final push bullish on Thursday to another higher level around .66000 […]
October 22, 2023 AudJpy Sunday Analysis https://acetradingacademy.com/wp-content/uploads/2023/10/ATA-October-22-Sunday-Analysis.webm Analysis In this analysis, we are focusing on getting a general market direction and the formation of a bias for the week ahead of us. We started out doing a top-down analysis on the daily timeframe. We marked the daily high from the previous high of the last […]
Importance of Managing Emotions While Trading Managing emotions is critical for successful forex trading because emotions can influence our decision-making process and lead to irrational or impulsive trading decisions. Here are some reasons why managing emotions is important in forex trading: Helps You Make Objective Decisions: When emotions are running high, it can be […]
Forex Trading Risk Management Importance Risk management is critical for forex traders because it helps to minimize the impact of potential losses, preserve capital, and ensure the longevity of their trading career. Here are some key reasons why risk management is important to follow in forex: Minimizes Losses: Risk management strategies such as setting stop […]
Following a Trading/Business Plan Following a trading/business plan is crucial for forex traders for several reasons: Helps Avoid Emotional Trading: Emotions can be a major driver of poor trading decisions. Fear and greed can cause traders to enter or exit trades at the wrong time, or ignore their risk management rules. A well-designed trading plan […]
Market Structure In forex trading, market structure refers to the underlying framework of the market, including the trends, support and resistance levels, and other key price levels. Following market structure is important for several reasons: Provides a Context for Price Action: Market structure provides a context for price action, allowing traders to better understand the […]
(Table)Benefits Of Trading Forex Forex trading offers several benefits to traders, including: High Liquidity: The forex market is the largest financial market in the world, with an estimated daily trading volume of over $5 trillion. This high liquidity means that traders can easily enter and exit trades at any time, and can take advantage of […]
Forex Forex trading is an exciting and dynamic market that involves buying and selling currencies. As a result of globalization, the forex market has become the largest financial market in the world, with an estimated daily trading volume of over $5 trillion. In this blog post, we will explore the fundamentals of forex trading, its […]
