Academy

The Advantage of Forex Trading Journals

Tracking your trades is the key to unlocking your full potential as a forex trader. A trading journal helps you identify strengths, weaknesses, and patterns that impact your profitability. Ziwox Trade Tracker is a free, automated online tool designed to simplify trade analysis. It collects and processes your trading history, providing valuable insights into performance, risk management, and strategy optimization. With real-time data tracking, win/loss ratios, and profitability reports, Ziwox Trade Tracker ensures traders can refine their approach and eliminate costly mistakes—without the hassle of manual record-keeping. 🚀

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February 26, 2025

Dr. Copper: A Barometer for Forex Market Sentiment

“Dr. Copper” is a term for copper, known as an economic health indicator due to its extensive industrial use. Rising copper prices signal economic growth, while declines suggest slowdowns. Copper prices also correlate with inflation and industrial activity, offering early market signals. Forex traders use copper trends to gauge market sentiment, predicting risk-taking or risk-averse behaviors. By monitoring copper’s price movements and overbought/oversold levels, traders can make more informed decisions, enhancing their trading strategies and performance.

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June 2, 2024

Unlocking Trading Success: Why Fundednext Is Your Ultimate Funding Solution

In the world of forex trading, success is often determined by the choices you make. Fundednext offers a refreshing approach that sets you up for long-term success, unlike its competitors like FTMO. The absence of time limits on trading challenges not only eases the psychological burden but also leads to better trading results. Choose Fundednext, and let your trading journey be one of confidence and success.

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October 25, 2023

Dollar Smile Theory

Have you ever wondered why the value of the US dollar seems to fluctuate in unique patterns, sometimes smiling brightly, and at other times displaying a more somber expression?

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July 27, 2023

Triangle of fundamental, sentiment, and technical

Trading in the forex market can be a daunting task, with its fast-paced environment, constant fluctuations, and numerous factors that can affect currency values.

To be a successful trader, it is essential to have a comprehensive understanding of the market and how it works. This includes being able to analyze the three key elements that makeup forex trading: fundamentals, technicals, and sentiment.

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May 27, 2023

What is the Market Profile and how to use it?

The Market Profile indicator as know as Volume Profile is a powerful tool for forex traders that provides valuable insights into the market structure and dynamics. It is a visual representation of the trading activity over a specific period, which shows the distribution of price and volume across different price levels.

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May 27, 2023

How to use economic calendar data?

In every trading week, a large number of economic indicators are published, but only a few of them move and affect the market. I always see newbies asking questions about how fundamental analysis isn’t useful because they see numbers for US economic data for example that look good in theory but the market doesn’t act according to it and sometimes even acts against it.

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May 17, 2023
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