Why nothing beats doing your own analysis There’s no simpler or more direct way to put it. When you stop reading other people’s trading analysis is when you become good enough to do your own trading. On the road to success, many traders learn from
Ichimoku trading strategy In the 1960s, Ichimoku came to the public’s attention when a Japanese journalist named Ichimoku Sanjin, also known as Goichi Hosoda, came up with the Ichimoku indicator after three decades of hardship. The Ichimoku indicator displays all the components needed to help
How the big money players manipulate the market Institutional or big money traders are playing a different game than your average trader. Even though the playing field is technically the same, institutional traders have different tools at their disposal and a different way to play
Scalping in Trading The fastest trading method is “Scalping” or “Scalp Trading”, which has the lowest period between opening and closing a position. In this strategy, profit is gained through small price changes. Scalp trading takes from several seconds to several minutes. In this method,
Trade the News – An understanding of the stages of News Trading for Forex traders This is what you need to know when you trade the news- The Economic News Release (ENR) is a pre-scheduled event held by the financial authorities of each country. The
Practice Trading Accounts A practice trading account, also frequently referred to as a ‘demo’ account, represents a simulated trading environment, which allows the trader to advance his skills without running the risk of losing any money. Trading on a practice trading account has many perks, chief
“Patience Pays” – A Forex Strategy Webinar Patience pays strategy, Wait patiently for this setup, and the forex market will pay you accordingly The best traders know that patience is a virtue. This webinar will discuss a specific trading strategy setup, which gives the trader
CCI divergence indicator If the price on the chart makes consecutive highs, and the indicator shows consecutive lows, this is called CCI Divergence. Likewise, if the price on the chart makes consecutive lows, and on the CCI indicator, we see consecutive highs, this is also
Gartley Butterfly Pattern Initially, the gartley butterfly pattern was perceived as an ideal figure, which is rarely used in practice. But in addition to the classical version, over time, similar harmonic models were discovered like “shark”, “crab”, “bat.” To accurately apply various technical indicators in
Bullish Candlestick Patterns In the previous guide, we mentioned bearish candlestick patterns. In this post, we will present the top three bullish candlestick patterns and how you can use them in trading. Bullish Engulfing pattern Bullish Engulfing is a bullish reversal pattern, which occurs
The trading zone, often referred to as “trading in the zone,” is a mental state in which traders achieve peak performance. In this state, traders make precise, unemotional decisions, staying fully attuned to market movements and potential opportunities. Achieving and maintaining this zone requires discipline, continuous market analysis, and
Bearish Candlestick Patterns Candlestick patterns are the technical analysis tool that displays price data on multiple timeframes. Developed in Japan in the 18th century, candlesticks patterns have become a go-to source for many traders today. Steve Nison first introduced the candlestick patterns to the Western
A Day In The Life of a Funded Trader There are two main types of traders – the trader who chooses it as a career and then all of the rest. If you’re a funded trader, it means you’ve decided on a career in trading,
Rising wedge vs Ascending Triangle The rising wedge and ascending triangle patterns help the price action traders to predict further movement of price of any financial asset. In this article, we’ll discuss both the patterns, their application in trading, and the difference between the two.
The trading toolbox – Assets a trader needs in order to make a daily trading routine successful When most people go to work in the morning, they pack their briefcase or backpack with the physical items they need to make their day successful. A laptop,
Trading Alone is Negatively Impacted One of the most challenging aspects of trading is – loneliness. Unlike other careers where people always surround you, many professional traders who move from an office to working at home, end up hibernating in that office. It becomes easy
Forex Triangle Patterns Financial markets are known for their volatility, a nonlinear structure that rigorous mathematical models cannot describe. But still, quite often, technical analysis patterns work on the market. One such technical pattern is the “forex triangle pattern”. The Triangle pattern is proven by
At the core of negative Trading Emotions, fear, greed, and hope thrive At first glance, many of you might look at the headline and think “fear and greed are bad, but hope? Isn’t it good to have hope?” In most instances, sure, hope can be
Forex Trading Demo When exploring the idea of trading in a new market, it’s natural to want to get started. You’re excited about the opportunity before you, and there may even be a specific reason you’re eyeing a new market. Where forex is concerned, for
Leverage Trading Leverage in Forex Trading – A close look at one of the most intriguing elements of forex trading It’s no secret that forex traders have a healthy appetite for high leverage. However, all too often high Leverage is a nasty trick played by
Understanding one of the most trusted and reliable theories in trading In the pantheon of legendary technical analysts, perhaps none sits higher than Richard Wyckoff. Observing the market in the early 20th century, Wyckoff pioneered a method of technical analysis that is still widely used
Forex slippage control If you’ve only recently joined the ranks of live traders, the term order slippage might sound foreign. For beginner traders who are only used to demo trading or theoretical trading from their studies, slippage is a nonexistent phenomenon. This is because education
Why it’s necessary to accept and harness your emotions in order to be a successful trader Trading Psychology – We can never be neutral in our emotions. No matter how hard we try, we will always feel something, in some mood, and in some direction.
How to Create a Trading Plan that Guides You Through Your Trading Career It’s one thing writing an article about why trading according to a plan is the only way to go. But without giving the traders the tools of how to create a trading
