Trader psychology is a primarily overlooked ingredient in achieving and maintaining trading success. One of the biggest aspects that poses a challenge to traders is FOMO, a term meaning the fear of missing out.
If you ask any trader what data they take into account before taking a trade, chances are the word "confluence" is going to come up.
For many new traders, the big question then is which to choose between the Forex market vs the stocks market?
Among all available market sentiment indicators SSI is the easiest to understand and, as a result, the most popular. Is it that effective? Let's discuss.
Among the many Forex technical indicators, moving averages continue to be one of the most popular trading tools out there. Due to the effectiveness, beginner traders through to seasoned professionals include them in their trading arsenal.
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.
Identifying and drawing support and resistance levels are some of the first few things a novice trader learns in forex technical analysis. And depending on the instructor or trade academy, there are several ways to draw them on your charts.
So, you’ve employed your strategies on the demo account and you feel you are ready to start live trading? Great! But how do you know for sure that you’re ready to switch over to a live Forex account?
Understanding and identifying liquidity pools in forex is key if you want to become a better trader, but what are liquidity pools?
