Effective trading journal formats can vary depending on the trader’s needs and preferences, but generally, they include certain key elements to maximize their usefulness. One common format is a spreadsheet-based journal. Using programs like...
The concept of market cycles refers to the natural fluctuation of financial markets through various phases over time. These cycles are influenced by economic conditions, investor sentiment, and external factors such as political events and...
Global news reports are essential sources of information for forex traders. As the forex market operates 24 hours a day, traders need to stay up-to-date with the latest global news and events that could impact currency values. Global news reports...
The trading strategy is a constantly evolving approach to buying and selling assets in the financial markets. As market conditions change and new information becomes available, traders must adapt their strategies in order to remain competitive and...
The Bearish Belt Hold pattern is a candlestick pattern used in technical analysis to predict potential price reversals in financial markets. It is a single-candle pattern that signals a bearish trend. This pattern typically appears after an upward...
A long lower shadow candlestick pattern is a technical analysis indicator used by traders to signal potential bullish reversals in the market. This pattern occurs when the candlestick has a long lower wick (or shadow) extending well below the body of...
Many people come into Forex without any knowledge and start working right away. Because he did not know about market positions and strategies, he made a quick trade. According to my knowledge, nobody succeeds without learning, skills, and strategies....
A trend channel, also known as a price channel, is a set of parallel trend lines defined by an asset's price action's highs and lows. These price channels typically run parallel to each other and are extremely useful to Forex traders because they...
The Three Inside Down candlestick pattern is a bearish reversal signal often observed in technical analysis, particularly in forex and stock trading. It consists of three candles and suggests a potential shift from an uptrend to a downtrend.
Unlike stock futures and options, which have a fixed expiry date, commodities have different expiry dates depending on the underlying. As a result, it is critical to be aware of the expiry and squaring-off process ahead of time.