Shooting Star Candlestick Pattern A Shooting Star is a single candle Japanese Candlestick pattern that is formed in price charts. The pattern is a BEARISH candlestick pattern and is independently tradeable. It provides the forex traders with the best entry point, stop loss and take
Forex interest rate Do you know that the interest rate decision can make a forex pair go wild? The interest rate on a currency is arguably the most important element in influencing its actual worth. So understanding how a country’s central bank makes monetary policy
Forex and CPI As a trader, you have plenty of trading tools at your disposal. From technical indicators to economic yardsticks, you got it all. One such tool is the forex CPI. In this guide, we are going to hone in on what is CPI
Examining the Good and the Bad Sides of Each one of the Money Management Methods At the core of any competent trading strategy is a well thought out and tested money management method. When properly crafted and applied, there is no better indicator for giving
RSI – Relative Strength Index The RSI indicator is very popular among traders and investors in all financial markets and has been discussed in several books, articles, and conferences over the past years. Wilder, the main developer of the RSI indicator, has explained this indicator and
Effectively Utilizing an Evolving Position Will Increase Profit Growth When considering a jump into the trade market, it’s easy to become fixated on the timing of entry. But studying the performance and readying yourself to jump in at the right moment may lead you to
From what traders suffer the most This webinar uncovers common challenges forex traders face during their trading careers and gives practical tools to fix them. After hundreds of talks with traders, The5ers senior analyst, Saul Lokier, reveals ways to fix the most common challenges forex
Applying Double Confirmation on a Breakout Trade All traders like to see a break of a new high level, or on the other hand, a new low. Breakout trading is a very popular method. Once we have a breakout, traders like to join the trend,
Parabolic Sar Indicator Parabolic SAR (Stop And Reverse) is a technical analysis method designed to follow trends in the currencies, stock, and securities market. It is an especially great system for traders involved in option and currency trading who depend on fluctuating market trends and
Three Key Elements to Transform You Into A total Professional Forex Trader Imagine an equilateral triangle. Three equal sides, existing as a whole together. Occasionally, one might pull at the other two. One side might grow while the other two shrink. The triangle might morph
Funded Account Drawdown All prop firm traders will find themselves in a Drawdown on a funded account at a certain point in their careers. When trading for a prop firm, it is important to understand the amount of drawdown allowed and time expiration Days in
A quick guide to trading drawdowns’ definition and common use According to Merriam-Webster, drawdown is the process of depleting. In financial terms, we’re going to add to the simple definition and further define it as a measurement of any performance and how much it can absorb
RSI Trading Strategy Ah, the good ol’ technical indicators. They let you determine where the price is heading next. Among these indicators is the RSI. The RSI is popular among the trading community, especially day traders, as it gives you an idea of future price
Trading The Non-Farm Payrolls (NFP) Did you ever witness a situation where the USD pairs began making moves? You wonder what the hell is wrong, why the market is moving against you? Well, there are several reasons why the market may change its course. One
Part 2 of Our Comprehensive List of the Most Powerful Lagging Signals There are two groups of indicators in forex trading: leading economic indicators and lagging economic indicators. The first type – leading indicators give a signal before the new trend or reversal occurs. The second type – lagging indicators give the signal after the trend
Andrews Pitchfork’s strategy Alan Andrews has invented the Andrews’ pitchfork strategy. This pitchfork is a technical indicator consisting of 3 parallel trendlines (Median line, upper trendline, lower trendline). Andrews’ pitchfork is drawn, using one of the below methods: * low-high-low * high-low-high This indicator is
Part 1 of Our Comprehensive List of the Most Powerful Trading Leading Signals In this article, we describe the best leading economic indicators for predicting the future movements of the market. Market analyst’s jobs are to study current and historical trends and to come up
Defining Trends and Trading Trends Have you ever encountered a situation where the price moves in one direction? Do you think you are making some cool pips? The price is moving in one direction because it is following a trend. In this guide, we are going
Day Trading Tips And Tricks These day trading tips and tricks will give you a leg up when working to succeed in your career as a trader. With the rise of the internet and the ease of access with which anyone who has a stable
Trendlines are an important aspect of learning technical analysis. They are a useful and relatively simple tool for traders when utilized correctly. When trendlines are used incorrectly, they become inefficient and even destructive. Trendline Explained Trendlines are simply diagonal lines that represent a price range
Essential questions that traders should be asking themselves daily, as a part of their trading plan Today we’re going to give you the tools necessary to start each day on your best footing possible. In order to create a perfect environment and achieve mental harmony,
Moving average indicator Moving average is an indicator that shows the market fluctuations as a single curve. Moving average is an indicator to find the current trend of the market. This indicator can’t be used to see the future, but it can be used to
Trading Psychology – Wise words from the seminal work of legendary author Mark Douglas on the psychology of trading In the world of trading, few books have had the impact of Mark Douglas’ big hit Trading in the Zone. Written almost two decades ago, the
Bollinger Band indicator Bollinger Bands is a technical indicator designed by John Bollinger used to assess market volatility and indicate overbought or oversold conditions. In this guide, we’ll discuss all the nitty-gritty of Bollinger Bands. How do Bollinger Bands Work? Bollinger Bands are compried
