Maybe once you found yourself thinking that investing in some company is a good decision because of its formidable reputation instead of learning about the company’s products and the whole market from its perspective. If so, congrats, the halo effect happened to you.

The halo effect is a cognitive bias that causes favoritism towards a person, thing, or process based on a specific characteristic distinguished by us. The halo effect is a stereotypical mindset when we consider one aspect as fundamental, which becomes a determining factor creating the whole perception.

This article maps out the core of the halo effect and how it affects business and trading. Especially for our readers, we’ve prepared informative examples of the halo effect, why it could be dangerous and how to overcome it.

One of the most popular and reliable methods of finding entry and exit signals is identifying candlestick and chart patterns. These patterns are a part of technical analysis, which uses historical market data to analyze how traders of the past behaved under similar market conditions. Since the psychology of traders hasn't changed much over the years, there is a high chance that nowadays traders will act in the same way and confirm the pattern.

In this article, you will learn more about one of the most well-known patterns: a shooting star candlestick pattern. We'll discuss the conditions behind its formation, how to identify it on a chart, and ways you can use it in your trading strategy.

So this is the world of finance. The place where money is made. Like, big money. This is the big game world, the world that has brought us quite a few masterminds. Alas, not all financial prodigies use their money-making talents with good intent.

The likes of Bernie Madoff, Joseph Nacchio, Michael de Guzman, Elizabeth Holmes, or the Wolf of Wall Street himself – Jordan Belfort used their knowledge, skills, acquaintances, or whatever they had to make huge amounts of money by – should we put it straight – defrauding people.

The world is your oyster, they say. But for the baddies of finance, the world is their scheme.

As a Forex trader, you face a variety of risks every single day. From simple speculations to international wars, numerous events can affect currency exchange rates. This paper explores the influence of the most unpredictable and global type of risks — geopolitical risks on your trading destiny. First, let's refresh some basic knowledge.

Using artificial intelligence (AI) in investments has led to transformations in stock trading. AI has revolutionized the analysis of financial markets, facilitating decision-making for investors and enhancing forecast accuracy. In this article, you’ll explore AI stock predictions and how to analyze potential stocks to buy with ChatGPT.

The paper seeks to illuminate the pros and cons of social media's influence on trading and how important it is to be a financially literate trader.

To become a professional Forex trader, you should learn about technical analysis and how to use it in your trading practice. By applying various technical tools, Forex traders can explore the charts of currency pairs in detail and determine the best trading options for performing currency trades. This paper explores the primary technical analysis tools, illustrating their importance in trading.

The Forex market is the most liquid financial market in the world, so many traders decide to try their hand at Forex trading in hopes of becoming successful. However, it often appears that those new to Forex trading (and trading as a whole) fail to set realistic goals for themselves.

In this article, you will learn why it's important to establish reasonable trading goals, how your trading experience may affect your future goals, and what you need to consider to set realistic and achievable goals.

What’s the difference between online and offline trading?

Nowadays, any person who wants to engage in trading is not faced with the question of how exactly to do it. Access to relatively free and fast Internet is available in almost every country in the world, and the number of users of online trading applications is constantly growing.

At the same time, we should remember the traditional approaches to trading, namely offline trading. How does it work? What are the advantages of offline trading? Finally, which online trading or offline trading approach to prefer – all about it in our article.

It’s no secret that trading is quite challenging. It requires a good understanding of how financial markets work, awareness of the events that can affect the movement of a market, and knowledge about various tools and indicators that are useful for identifying the direction of a trend.

The Forex market is the world’s largest and most liquid financial market. Impressively, the average daily trading volume on the Forex market firmly exceeds $5 trillion! The currency market is open around the clock, five days a week, covering different time zones. Forex enables people from around the globe to engage in currency trading and take advantage of fluctuating exchange rates. Sounds tempting and promising, doesn’t it? Yes, Forex is a great place to build a trading career and make a fortune; however, success in this highly competitive sphere requires more than just a basic understanding of Forex, and participants have to work very hard to attain high achievements.

We have some great news for you! FBS has announced the return of its highly acclaimed VPS. With this server, you can finally stop worrying about connection or security issues and take your trading to a completely new level.

But if the term ‘VPS’ sounds unfamiliar to you, this article will help you understand what a VPS is, how it works, and how exactly a VPS can aid you with Forex trading.