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What is an exchange? An exchange is an open, organised marketplace for commodities, stocks, securities, derivatives and other financial instruments. The terms exchange and market are often used interchangeably, as they both describe an environment in which listed products can be traded. A key function of an exchange is to provide fair, efficient and orderly trading opportunities by centralising the buying and selling of a particular type of asset. Instead of dealing directly with exchanges, most traders will use a broker.     Top Cryptocurrency Spot Exchanges 1. Binanc         Binance is the Chinese cryptocurrency exchange. As...

Forex trading can be a profitable market in general; However, Forex Trading in South Africa has become something special. This status is determined by unique characteristics that appear only in that particular market.   Forex trading is the exchange of currencies from different countries in order to profit from the difference in the value of the coins of each country. Currencies are traded in pairs, and what dictates the value of a particular coin is the overall economic status of its country of origin.  While the value of a stock or share in a company is determined by how successful the firm is, the price...

1. Hammer The hammer candlestick pattern is formed of a short body with a long lower wick, and is found at the bottom of a downward trend. A hammer shows that although there were selling pressures during the day, ultimately a strong buying pressure drove the price back up. The colour of the body can vary, but green hammers indicate a stronger bull market than red hammers.     2. Inverse hammer A similarly bullish pattern is the inverted hammer. The only difference being that the upper wick is long, while the lower wick is short. It indicates a buying...

WHAT IS A FOREX TRADING STRATEGY? A forex trading strategy defines a system that a forex trader uses to determine when to buy or sell a currency pair. There are various forex strategies that traders can use including technical analysis or fundamental analysis . A good forex trading strategy allows for a trader to analyse the market and confidently execute trades with sound risk management techniques. 1. PRICE ACTION TRADING Price action trading involves the study of historical prices to formulate technical trading strategies. Price action can be used as a stand-alone technique or in conjunction with an indicator. Fundamentals are seldom...

  WHAT IS METATRADER 5? MetaTrader 5 is an online trading platform that is an updated version of MetaTrader 4 but has many more additional features than MT4. The famous platform, MT5, is known for supporting multiple trading assets. The traders can trade stocks and futures on the platform along with Forex. The analysis tools on the platform are wealthy and are extremely helpful for price analysis while trading. Also, the traders have the opportunity to keep an eye on trading in other markets. The platform has in-built robots for automatic trading, copy trading, virtual hosting, and a database of...