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...
Forex Trade Copier is tool is intended to copy the trade positions between forex accounts. Transactions are copied very quickly from one to second account it takes less than 1 second.
A forex VPS (virtual private server) is similar to a permanent connection that connects your trading terminal to the larger trading network.
To trade CFDs, traders must first locate an appropriate broker and open a live trading account. There are various types of CFD providers, so it's important to understand which one is best for you.
Now that you understand the key benefits of keeping a trading journal and that consistency is required to be a successful trader, here are four simple steps to creating your own trading journal.
A pip represents movement in the fourth decimal place, whereas a pipette represents movement in the fifth decimal place. A pipette is a 'fractional pip' because it is one-tenth of a pip.
Ukraine's official currency is the Ukrainian hryvnia. Since September 1996, the hryvnia (currency code "UAH") has been Ukraine's official currency. The hryvnia is issued by the National Bank of Ukraine and is sometimes spelled "hryvna" or "gryvnya."...