Price Action Vs Indicator: Which Is The Better Technical Trading Approach?
There are two main approaches to technical analysis trading, and both approaches have generated a lot of discussion from traders on either side.
There are two main approaches to technical analysis trading, and both approaches have generated a lot of discussion from traders on either side.
The trading style you adopt in forex plays a huge role in how frustrated or stressed out you would be on your forex trading journey.
Have you ever been in a trade where everything seems to be going according to your analysis? You take your eyes off your charts for a moment and return to find that your trade has closed at an unexpected loss.
Forex is an extensive market with an endless list of currency pairs to trade. But some of them take the lead when it comes to trading volume. We call them major currency pairs or FX majors.
For many new traders, the big question then is which to choose between the Forex market vs the stocks market?
A Forex chart is a kind of a window that gives us a glimpse of the forex market. It is often represented in the form of a graph, with the price displayed on the right side and the time shown at the bottom.
If you don’t have much time to learn how to trade, there’s really only two patterns you need to learn to develop a profitable trading strategy: The bullish engulfing candle pattern and the bearish engulfing candle pattern.
Understanding and identifying liquidity pools in forex is key if you want to become a better trader, but what are liquidity pools?
The foreign exchange market is the largest and most liquid financial market in the world, with razor sharp spreads and daily trading volumes in the trillions of dollars.
Before you do any trading, you first have to learn how to read Forex currency pairs. You may then learn all kinds of analysis and trading strategies, but only after you understand Forex quotes.