Fixing Losing Trades The5ers Classes are live demonstrations of advanced trading concepts explained at the beginning of each session. In this class, we learned and demonstrated 3 different techniques to fix losing trades in forex: Closing, hedging, and adding. Learning to fix trades is a
Forex Market Correlation In the forex market, there’s always a game of seesaw. One pair rises, and the other falls. On other occasions, one pair falls, and the other pair follows suit. This raises several questions about why is this happening? Well, there’s a simple explanation! It’s because
Chart patterns vs. candlesticks In the thousands and thousands of words written bout technical analysis, two topics always pop up frequently; charts and candlesticks. Candlesticks and chart patterns are traders’ best tools to analyze the forex market and other financial markets. However, even though some traders
FOMO Trading The Fear of Missing out on a trade, or as known as FOMO in trading, is one among other emotional states in trading that are put on the test over and over again. Before we dive into the fear of missing out, for
Trading Metals Silver and Gold In this webinar, Ruben explained the fundamentals of precious metals assets, Gold and Silver. He goes over the details of each asset, talking about the supply/demand physical balance and correlation with FX pairs. There is a difference in terms of
Which Trader Personality Fits You? Zoomed in, we all have unique trading personalities. Our emotions, skills, and knowledge come together to create a unique trader personality that requires a carefully crafted trading plan and strategy to succeed. But zoom out a bit, and we start
Top Doji Candlestick Patterns That All Traders Must Know Doji is a candlestick chart pattern that appears when the price rises or falls during a trading session but closes very close to where it started. There may be trading opportunities in different types of doji
Time Cycles The5ers Classes are live demonstrations of advanced trading concepts explained at the beginning of each session. In this class, we discussed the “Time Cycles” concept, a time average for the movements of the market. How long does it take for the market to
Currency Strength Meter A forex strength meter for MT5 or currency strength meter is one of the most useful and simple indicators you can use. This indicator can tell you how strong one currency is against another currency in its simplest form. In this guide,
These 5 tips will help you maintain a foolproof rock-solid trading plan From education to live trading, there’s one bit of advice we’d bet you’ve heard: “Stick to your trading plan.” Your trading plan is your best guide and partner at every step along with
The difference between the Head & Shoulders pattern and the Quasimodo pattern The Head & Shoulders pattern is a very common pattern, and the Quasimodo pattern is a variant of it. It’s a very powerful pattern, so it’s worth knowing how to spot it, how
Fear in Trading Ever since our days in the cave, we’ve been hard-wired to experience fear as a mechanism for survival. But in the modern world, many of the things we’ve been conditioned to fear have no place in our lives anymore. The four major
Bull flag vs Bear flag In the world of technical analysis, there are many patterns that traders can use to identify profitable opportunities in the markets. The bull flag and bear flag are amongst the most popular. This guide shows the bear flag vs. the bull
Take profit order If you are new to trading, it’s very important to know how to profitably get out from a trade. Every trade you place requires an exit. But the whole point of trading is to exit the trade with profit. So, how can
Building a Solid Trading Strategy Forex trading strategies guide 2022 – At the core of every successful trading routine lies a well crafted and tested trading strategy While successful traders all have different personalities and different styles which they bring to the profession daily, one
Key trading ratios that let you know the health of your trading performance In this article, we’ll cover the main recipes for determining future outcomes, the trading ratio, as well as explain what these statistics can tell you about trading, what else they’re good for,
What is a Whipsaw Pattern and Whipsaw Effect? Many newbie traders fail because they’re taught to see the market in an unrealistic, simplistic way. Far from straightforward, the market is devious and plays tricks on all of us. Even if you bet that it will
Forex Trading Mistakes In this article, we will tackle and discuss in depth a recurrent topic that a lot of forex traders, if not all of them, suffer from. The most common trading mistakes, and more importantly, we’ll try to give you some tools to
The Complete Guide to Supply and Demand in Forex Supply and Demand Forex – The driving force behind changes in price is supply and demand. When there are more buyers than sellers, the market price will move up. Conversely, when there are more sellers than
Taking a Forex Loss Stick with us here as we tell you something that might not be the most popular idea amongst traders. In fact, it might even strike many of you as counterintuitive. Ready for it? Here goes – a forex loss is not
Stochastic Oscillator Indicator Forex is a very exciting platform for trading for both traders and investors. However, just like every market, forex has its own risks. That’s why forex traders love indicators, which help them to read the market and enter & exit positions. In this
Cross Currency Pairs In forex, cross-currency pairs refer to currencies traded directly with each other, or they can be used to pair currencies to trade against each other. Through cross-exchange transactions, one can directly convert the money into desired currency now. For instance: you can
Use These Attributes to Grow and Enhance Your Day Trading Career It may seem as if developing a career in forex day trading is about finding a strategy, practicing it regularly, and making bundles of money. Yes, it is about that. But, where are our
You’ve likely spent countless hours studying charts, backtesting strategies, and honing what you believe is a winning Forex trading system. But have you ever wondered why, despite all that preparation, your trades sometimes don’t play out as expected?— The answer often lies not in the
