Moving averages are essential tools in the world of finance and technical analysis. They are used to smooth out price data, highlight trends, and make it easier for traders and investors to make informed decisions. Among the various types of moving...
A Flag Chart Pattern is a popular continuation pattern in forex trading that signals a brief consolidation before the previous trend resumes. It resembles a flag on a pole, where the "pole" represents a sharp price movement (up or down), and the...
Bill Williams' Fractals are a technical analysis tool to identify potential reversal points in price trends. A fractal is a specific five-bar pattern that signals a possible change in market direction.
This is the structure of your trading strategy. Ensure that you have a specific notebook for taking notes, tracking your thoughts, and recording your travels.
This is an option for everyone who intends to trade in any market. Most trading instructors will use percentages such as 1%, 2%, or even 5% of total account value every deal, but how comfortable you are with these quantities will depend on your...
Slippage occurs during trading when there is a discrepancy between the expected price of an asset and the actual price at which the trade is executed. It is a common phenomenon in fast-moving or volatile markets, and it can affect both buy and sell...
Forex trading requires proficiency in exchanging skills and techniques, just like any other job. Gaining the essential trading knowledge and practice to shape your trading career by learning from successful and experienced Forex dealers is probably...
Stop loss (SL) and take profit (TP) are essential risk management tools in forex trading. They help traders protect their capital and maximise profits, ensuring disciplined and strategic trading.
In forex, pips, lots, and leverage are interconnected and crucial for understanding risk and profit potential.
A Dragonfly Doji is a significant candlestick pattern commonly used in technical analysis to interpret market trends and potential reversals. This candlestick pattern is formed when the opening, high, and closing prices of an asset are identical or...