A standard lot in forex trading is equal to 100,000 units of the base currency. The other two widely used lot sizes are micro- and mini-lots.
The Fry Pan Bottom candlestick pattern, also known as the "Saucier Bottom," is a bullish reversal pattern in technical analysis. It typically forms after a downtrend, signaling a potential shift in market sentiment from bearish to bullish. The...
Cash inputs and outflows from an asset are typically measured by the accumulation/distribution line (A/D line). It is similar to the on-balance volume indicator (OBV), except that it evaluates the security's closing price as well as the trading range...
The Doji Star candlestick pattern is a key formation in forex trading, often indicating a potential reversal in market trends. It is a two-candlestick pattern that typically occurs at the end of a strong price movement, signalling indecision in the...
Pepperstone is a leading online forex and CFD broker that provides a comprehensive range of financial services in the global markets. Founded in 2010, the company has established itself as a prominent player in the industry, offering cutting-edge...
Retest trading is a strategy where traders wait for price to return to a previously broken support, resistance, trendline, or chart pattern before entering a position. One major advantage is better entry confirmation. Instead of buying or selling...
A breakout retest is a common price action event that occurs when an asset breaks through an important support, resistance, trendline, or chart pattern level and then returns to test that same area again. Traders often watch this retest because it...
In forex, pips, lots, and leverage are interconnected and crucial for understanding risk and profit potential.
A habituated stop-loss in trading refers to a stop-loss placement method that a trader uses repeatedly as a habit, often without carefully considering the current market conditions. Instead of determining the stop level based on volatility, market...
Consistency is one of the most important qualities a trader can develop because financial markets are unpredictable, and no individual trade can guarantee a specific outcome. A well-designed trading strategy can produce losing trades even when the...