The first thing many traders do when they open their forex charts is to add a pivot point indicator. But not many people understand what the indicator really is and how it works.
Forex trading can make a great side gig. This way, you can always fall back on your full-time job, if you lose your trading capital. But is it possible to trade forex as your major business?
In forex, there are always those key price levels that hugely affect market sentiments. What are they? And how do you identify and trade these key levels?
It could be quite tough for beginners to get a grip on the forex market. But these currency pairs should ease your learning process while offering you good trading opportunities.
After a price breakout, you could trade the breakout candle or wait for a retest of the breakout level. The first approach is risky. Therefore, in today's article, we're going to take a look at the second one as more efficient.
Price channels are useful technical analysis tools that help you tell the market trend.
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