The break and retest strategy is extremely simple to implement. To begin, you must identify a financial asset that is either in consolidation mode or in a channel. This is due to the fact that it must first break the consolidation phase before...

Currency futures are ETCs that specify the price at which one currency can be bought or sold in another currency at a later date. These contracts speculate on currency price fluctuations. They help to mitigate currency risks such as exchange rate...

You can choose between traditional and contemporary gold investment methods. Historically, gold investment was limited to purchasing physical gold in the form of jewellery, coins, bars, or antiques. Investors now have more investment options,...

Rapid market conditions are characterized by significant price changes in short periods of time, which frequently cause wide gaps between consecutive quote values; this frequently occurs immediately before and/or after important events (e.g., key...

The forex market is fraught with speculation and uncertainty. Every single moment counts, and one wrong step could land you in hot water. Any trader in such a business should always try to avoid using more moneybin in search of more profits.

Positive NFP figures are good for the economy, so investors will buy US dollars in anticipation of a stronger economy in the future. When the NFP is worse than expected, the US dollar falls as investors sell their US dollars.

Understanding all risks is the first step in day trading. You can then choose whether you want to day trade stocks, commodities, or currencies. Each of these markets operates differently, has different hours, and follows different rules. Prepare your...

A bearish candle is followed by a larger bullish candle in the two-candlestick pattern. The reason this is an indicator of an uptrend is that bulls are outperforming bears. The change in strength with the bulls indicates a reversal of momentum that...

A single candlestick pattern is a pattern that is created by only one candle. The 1-day candlestick chart is commonly used by traders to identify a single candlestick pattern. A doji is formed when a stock's opening and closing prices are the...

The first way to use the support and resistance trading indicator is to identify a range on a chart and buy at the support level and sell at the resistance level. When you use this support and resistance trading strategy, you essentially believe that...