Tag: chart

Chart is an essential tool for presenting data in a visual format. It provides an easy-to-interpret snapshot of complex information, making it perfect for improving data analysis, presentations, and decision-making. Whether you are using a bar, pie, line, area, or scatter chart, each offers unique advantages for statistical data representation and understanding. Chart can help you gain real-time insights into your business and make more informed decisions. Use chart to quickly explore, compare, and visualize complex data.

Categories: Forex Trading

What is 10 Pips on a Forex Trading Chart? Acad. Overview

by Lena K. Bradley

10 pips on a trading chart forex is a term used to describe the smallest price movements an exchange rate can make. 10 pips is equivalent to a change of 0.0001 in most currency pairs, a very small change. 10 pips is a common indicator used by traders in the Forex to determine Entry and Exit points. The 10 pip movement can also indicate a trend change, hence traders watch this closely when deciding to enter or exit a position.

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Categories: Formula

irr Formula in Forex Trading: A Comprehensive Guide

by Lena K. Bradley

The IRR formula in Forex is an important tool for the modern investor. It allows investors to determine the rate of return on a particular foreign currency investment. IRR stands for Internal Rate of Return, and it is calculated by taking the present value of the future currency payments and subtracting the cost of the investment. The formula is commonly used by Forex traders to compare different currency pairs and to decide which one offers a greater return on their investment. With the IRR formula in Forex, investors can determine the optimal currency to invest in and the level of risk they are willing to take.

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Categories: Forex Trading

Troubleshooting: tradingview can’t drag chart

by Matthew M. Lockett

TradingView is a powerful charting tool that offers comprehensive technical analysis for forex traders. However, one of its disappointments can be its failure to allow the dragging of a chart. This means that forex traders cannot quickly and easily overlay multiple charts in order to analyze different market trends. While this is an inconvenience, it does not outweigh the benefits of using TradingView as a powerful charting tool.

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