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...

Making money with MetaTrader involves trading in the foreign exchange (forex) market using the MetaTrader platform. MetaTrader is a widely used trading software that enables traders to analyze financial markets, execute trades, and manage their...

The forex (foreign exchange) market is a dynamic and ever-evolving marketplace where currencies from around the world are traded. To navigate this intricate financial landscape, traders and investors often rely on trends as a crucial tool in their...

The role of psychology in forex trading success is critical, often making the difference between profit and loss. Unlike other investments, forex trading involves high leverage and rapid price changes, which can amplify both gains and losses quickly....