The orientation of the bar chart (vertically or horizontally, with categories on the horizontal axis) is a common variation (with categories on the vertical axis). While the vertical bar chart is usually the default, a horizontal bar chart is...

In trading, a long position refers to the act of buying a financial asset, such as stocks, commodities, or currencies, with the expectation that its value will increase over time. When an investor holds a long position, they aim to profit from the...

Camarilla and Standard pivot points are often seen as the most useful for intraday trading. Intraday traders particularly favour camarilla pivot points due to their tighter support and resistance levels, which are closer to the current price. This...

There are many candlestick patterns used in Japanese candlestick charting, but some of the most common ones include the doji, hammer, hanging man, engulfing, morning star, and evening star patterns. The doji pattern represents a period of indecision...

Trailing stop loss is a risk management tool used in forex trading that allows a trader to set a stop loss order at a certain percentage or dollar amount below the market price. The stop loss order will then be adjusted as the market price moves in...

Using the Relative Strength Index (RSI) indicator can be a powerful tool for traders, but it is not without its pitfalls. Many traders, especially beginners, often fall prey to common mistakes when utilizing the RSI, which can lead to erroneous...

A Bullish Marubozu candlestick is a strong bullish signal that often suggests continued upward momentum in a financial market. This candlestick is characterized by having no wicks (or shadows) at either end, meaning the opening price is the lowest...

Losing a trade can be disheartening, but it's important to approach it with a level head and learn from the experience. Here are a few steps to take when you find yourself in this situation:

Once you've identified the potential risks in your portfolio, there are numerous ways to mitigate them. Among the more common examples are:

A stop-loss order in forex trading offers significant advantages, serving as a crucial risk management tool. Primarily, it helps prevent excessive losses by setting a predetermined exit point, allowing traders to cap their potential losses on a given...