July 24, 2021
There’s been a lot of buzz about multi timeframe analysis lately, but what exactly is this type of technical analysis and why should you incorporate it into your forex trading strategy? Multi timeframe analysis is a holistic approach to technical analysis
July 14, 2021
Have you ever seen the market bounce hard off a key level, but the trend is still overwhelmingly against the bounce? Known as bull or bear traps, depending on the direction of the prevailing trend, trading these patterns is certainly no easy task. These f
April 21, 2021
One of the biggest issues new day traders face in the forex market is a lack of strategy. It’s all too easy to get caught up in every little move on every pair, but when trading by the seat of your pants, eventually you’ll be caught with your pants down.
April 13, 2021
The rectangle is a simple technical analysis pattern that forms when parallel support and resistance levels cover the price at the top and at the bottom. You’ll often find this pattern during consolidation in trending markets. The price bounces within the
March 22, 2021
One trading style that relies heavily on pivot points is the intraday or day trading. The reason behind this is that pivot point trading includes strategies that often allow intraday traders to get in and out of trades within a day. However, there are man
February 22, 2021
Fundamental and Technical analysis are the two approaches to trading forex. Fundamental analysis relies heavily on being able to measure the performance of the economies of currencies. And one way to go about this is through the news. As a result, there a
February 10, 2021
Trading the news has a number of advantages. First of all, you know in advance the exact time when you’re going to trade. Secondly, the price movement is almost always guaranteed. The latter, in fact, is the source of profit on the Forex market. Naturally
January 31, 2021
Are you familiar with the golden ratio? About how the ratio of the length of your forearm to the length of your hand is 1.618, the golden ratio. Or how the ratio of the temperature of an average human (37 degrees) to the perfect room temperature is 1.618.
January 19, 2021
Have you ever seen a key resistance level breached and entered a long position right before the market turns the other way and dumps hard? Have you watched price smash through support, entered into a short position only to watch the market bounce? Don’t f
January 8, 2021
The beautiful thing about forex is that it accommodates different trading personalities and styles. It bears various amounts of risk appetites, and anyone who knows their way around may make something out of it. As a result, different trading styles have