The pre-market session is a period of trading activity that occurs before the official opening of the regular trading session. Depending on the exchange, it typically starts several hours earlier and allows investors to place orders and react to news...
The Megaphone chart pattern, also known as the broadening formation, is a technical analysis pattern that indicates increasing market volatility and uncertainty. It is characterized by two diverging trendlines—one connecting higher highs and the...
Forex, short for foreign exchange, refers to the global marketplace where currencies are traded against one another. It is a highly dynamic and liquid market, with trillions of dollars being exchanged daily. For individuals who possess knowledge and...
Before engaging in short-term trading, a person must properly address several important aspects within the context of a complete trading plan.
Improving your swing trading skills requires a combination of knowledge, discipline, and practice. Swing trading is a short- to medium-term trading strategy that aims to capitalize on price movements within a specific time frame, typically ranging...
Horizontal and diagonal resistance are both types of trendlines used in technical analysis to identify levels at which an asset's price might face obstacles or reverse direction.
Floating leverage is a type of leverage that is adjusted based on the current market conditions and the size of a trader's account. It allows traders to increase their exposure to the market without having to put up additional capital. This can be...
The Parabolic Stop and Reverse (SAR) indicator is a popular tool in technical analysis used by traders and investors to identify potential trend reversals in financial markets. Developed by J. Welles Wilder, the Parabolic SAR indicator is a dynamic...
Wedges are useful in trading because they can act as both a continuation pattern and a reversal pattern. They are useful in both directions because they simply indicate that market consolidation is taking place, which you should investigate. When you...
1. Line symbol - choose a currency pair in our example, this is EUR/USD.