Japanese candlesticks serve as a super effective tool for market analysis. Do you know how to interpret them?
How to backtest a trading strategy
There are a lot of strategies that you can trade with. Some of them, like unique recipes, are shared only with close friends or relatives. Others are spread across trading communities and never get old. How to check if they are effective? You need to backtest them! Smart traders know the importance of backtesting before trading with a strategy on a real account.
On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency.
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
US NFP missed the forecast, but traders await the release of the US inflation figures on Friday…