Monthly Archives: March 2022
Gold Steadies as Fed Increases Interest Rate By Expected 0.25%
Written on March 17, 2022 at 3:12 am, by lishitong
On Wednesday, 16 March, the US Federal Reserve made the long-awaited decision to raise interest rates to combat surging inflation. As per the market’s expectations, the Fed raised rates by 25 basis points. The 0.25% rate hike was voted on almost unanimously by policymakers, except St Louis Fed president James Bullard, who voted in favour ofContinue Reading
The Psychology of Trading
Written on March 16, 2022 at 10:04 am, by lishitong
When trading, the two most common and dangerous emotions are fear and greed. Fear and greed can ruin even the best trading strategies. A single moment of fear or greed and lose your months of hard-earned profits. Having discipline and keeping your emotions under control is an invaluable skill in trading. Greed is trying toContinue Reading
Technical Analysis: Chart Patterns
Written on March 16, 2022 at 9:48 am, by lishitong
Traders believe that the underlying theory behind chart patterns is that various shapes, or patterns, repeatedly show up on charts, and highlight various trends that can present trading opportunities. The most common chart patterns are: Symmetrical Triangles Ascending Triangles Descending Triangles Double Top Double Bottom Head and Shoulders Reverse Head and Shoulders Symmetrical Triangles AContinue Reading
