Day trading is the act of buying and selling securities within one trading day. Even though it can occur in any market, it is particularly common in the FX and stock markets. Most day traders are well-educated and financially secure. Traders use high...
The Cup and Handle pattern is a bullish chart formation made up of several important components that help traders identify a potential continuation of an upward trend. The first component is the prior uptrend, which provides the context for the...
The main income of a broker is spread. If the spread is low then the broker is obliged to provide good service. There are many types of brokers, but before you can deposit in the broker, you must collect detailed information about the broker. The...
The euro is supported by the ECB’s decision to raise interest rates and revise its inflation forecasts higher. For EUR/USD, the key factor is not only the rate move itself, but also the signal that the central bank is ready to contain the...
Market structure analysis in institutional trading is the process of studying how price moves through highs, lows, trends, and key levels to understand the underlying behavior of the market. Institutional traders use this approach to identify whether...
The pin bar is important in technical analysis because it provides a clear visual representation of price rejection and changing market sentiment. Its long wick shows that price moved strongly in one direction but was rejected before the candle...
The best time to open a trade in a week, as it depends on various factors, including the market conditions, the trader's strategy and goals, and their personal schedule. However, generally speaking, many traders believe that the best time to open a...
"Open your trade, but first save the money" embodies a prudent and strategic approach to entrepreneurial endeavors. It stresses the importance of preparation and financial prudence before embarking on any business venture. Saving money serves as a...
The "keep charts clean" principle is a design principle for creating clear and easy-to-read charts and graphs. It involves minimizing clutter and unnecessary elements, such as gridlines and tick marks, and using a consistent style for all elements,...
In Pivot Point analysis, Support levels (S1, S2, S3) play a crucial role in identifying potential price floors where a currency pair may experience buying pressure, potentially halting a downtrend. These levels are derived from the previous day's...