Author: Alex Eliades

Alex is a digital strategist with a history of writing academic papers on business and technology, he is also a blogger that loves writing about growth hacking, Forex and adventures in life. He works for financial brokerage firm XGLOBAL Markets and specializes in Forex, Metals and CFD trading.

Do traders and gamblers meet in Forex?

Do traders and gamblers meet in Forex?

Trading Articles
There are a lot of people out there that consider retail Forex trading as a casino packaged up as financial trading and those people more often than not are gamblers. For the typical gambler it is perfect, they can control their risk and project the image of being a trader, which has much less of a stigma attached than being an outright casino going, poker playing gambler. These people usually place trades that far exceed their means using massive leverage and lose all their money in most cases but sometimes win big and they feel and embrace the thrill of the market. Now, trading is definitely not gambling even though it can be used for gambling by gamblers. There are professional traders out there that consistently profit from trading, manage the money of others, make respectable money
How Japanese Candlestick’s Express Sentiment

How Japanese Candlestick’s Express Sentiment

Trading Articles
We might look at them every single day and dream of them but do you actually know the history of the candlesticks used on charts, otherwise known as Japanese candlesticks. Believed to have been born as the idea of Munehisa Homma in the 1700s, Japanese candlesticks first appeared in Japan. Munehisa was a Japanese rice trader and apparently identified that fear and greed affected the price of the markets, in addition to the law of supply and demand. The principle of the Japanese candlesticks is to measure the emotions in the market. The candlestick allows the trader to read more into the sentiment of the market that could otherwise be seen with a line graph. The time period a candlestick represents is often changed to help the trader get a holistic overview of the market 'emotion'. These ...