Bill Williams' Fractals are a technical analysis tool to identify potential reversal points in price trends. A fractal is a specific five-bar pattern that signals a possible change in market direction.

The Takuri pattern is a Japanese candlestick formation used in forex trading to identify potential reversals in a downtrend. It’s characterized by a single candlestick with a small body and an exceptionally long lower shadow, indicating that...

Forex trading accounts come in various types to cater to the diverse needs and preferences of traders. These accounts offer distinct features, services, and trading conditions, allowing traders to choose the one that aligns best with their trading...

Backtesting is a critical tool that empowers traders to evaluate the historical performance of their forex strategies, providing invaluable insights into the potential viability of their approaches in various market conditions. By utilizing...

During periods of high liquidity, typically when major financial centers like London and New York overlap, Forex traders can benefit from tighter spreads and faster execution of trades. High liquidity means more market participants, leading to more...

A Morning Star can appear in an uptrend, but it carries a different meaning than when it forms after a clear decline. In a strong uptrend, the pattern does not act as a major bullish reversal. Instead, it signals a short-term pause in momentum and a...

There are two main types of indicators: leading indicators (also known as oscillating indicators or simply oscillators) and trailing indicators (also known as trending or momentum indicators). Leading indicators utilize price data to predict price...

A trading journal is a powerful tool for improving performance, identifying strengths and weaknesses, and maintaining discipline. Here’s how to create one effectively:

Traders use multiple timeframes because it gives them a clearer view of the market and helps them avoid making decisions based on incomplete information. A single chart can show what is happening right now, but it doesn’t always reveal the bigger...

Smart Money Concepts (SMC) in forex trading refer to strategies and methodologies employed by institutional traders, such as banks, hedge funds, and other large financial entities. These concepts are designed to take advantage of the behaviors and...