Visualizing changes in asset values ​​makes it easier to track trends. This is why Eastern analysts were not satisfied with traditional candlesticks and created alternative ways of representing price changes. One of them is the Renko charts designed to simplify trading by reducing market noise. Today I will tell you what Renko bricks are, how to work with them, what signals they can provide, and how they can help in trading. WHAT ARE RENKO CHARTS? Renko is a type of chart for displaying asset price movements. This is an alternative to Japanese candlesticks in representing price changes. The Forex Renko chart looks like two-colored bricks of the same length and width, where each subsequent brick is either higher or lower than the previous one. The EURUSD chart shows an example of what Renko looks like. Please note that, unlike Japanese candlesticks, the bars, or rather bricks, are drawn without shadows. Although in some variations, Renko bars may also have wicks. But the traditio...

  Forex trading is one of India's most popular ways of making money. It offers an opportunity to make large profits but also a high risk of loss. Before you begin forex trading, it's essential to understand how the market works and what factors can affect your success or failure. In India, the Reserve Bank of India (RBI) is the primary regulator of forex trading.  The RBI restricts how much money you can send out of the country and how much foreign currency you can bring into India. These restrictions are meant to protect the Indian rupee from volatility.Before starting forex trading in India, choosing a broker that the RBI regulates is essential. You'll also need to open a demo and trading accounts with your broker. Once these accounts are set up, you can begin buying and selling currency pairs. WHAT IS FOREX TRADING IN INDIA? Forex trading is the act of buying or selling currencies. Traders can speculate on the future direction of currency markets, betting on whether one...

  Putin orders “peacekeeping forces” into separatist areas of Ukraine. Covid deaths among Hong Kong’s elderly are expected to spiral. Tencent denies it’s facing a fresh crackdown. What you need to know today. PUTIN’S PROCLAMATION President Vladimir Putin announced he’s recognizing two self-proclaimed separatist republics in eastern Ukraine, in a dramatic escalation in Russia’s standoff with the West. The Russian president signed aid and cooperation pacts with separatist leaders at a Kremlin ceremony after a televised address in which he stated: “I consider it necessary to take the long-overdue decision to recognize the independence and sovereignty of the Donetsk People’s Republic and the Luhansk People’s Republic.” Fears that Russia could soon invade Ukraine were heightened in the early hours of Tuesday after the state-run Tass news service reported Putin had ordered the Defense Ministry to send “peacekeeping forces” to the breakaway regions. Get all the latest updates on the Ukra...

  The   Russian central bank   began selling foreign currency on the forex market for the first time since 2014 after   Russia's   invasion of   Ukraine   sent the ruble to all-time lows.1 Foreign currency reserves  are vital to a nation's economic well-being. Without adequate reserves, a country may be unable to pay for critical imports, such as crude oil, or service its external debt. Inadequate reserves can also limit a central bank's available responses in the event of an economic crisis. Foreign currency reserves  can also be used to control exchange rates, which in turn affects global trade. If a currency, whether fixed or floating, begins to deviate from its desired rate with a foreign currency, the central bank can buy and sell reserves as needed to restore the intended exchange rate. Foreign currencies are not the only form of the asset at a government's disposal. The International Monetary Fund ( IMF ) defines foreign reserves as e...