Forex Blog |  Trading Strategy

All You Need to Know About Andrews Pitchforks Strategy

All You Need to Know About Andrews Pitchforks Strategy

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

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How to Use Trendline Angles Correctly in Trading

How To Utilize Trendline Angles Correctly In Trading

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

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Picking Tops and Bottoms in Bollinger Bands

Picking Tops and Bottoms in Bollinger Bands

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

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What You Should Know About Scalping in Trading

What You Should Know About Scalping in Trading

Scalping in Trading The fastest trading method is “Scalping” or “Scalp Trading”, which has the lowest time span between opening and closing a position. In this strategy, profit is gained through small changes in price. Scalp trading takes from several seconds to several minutes. In

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The Hidden Dangers of Using Practice Trading Accounts

The Hidden Dangers of Using Practice Trading Accounts

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

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How to Calculate and Trade the Gartley Butterfly Pattern?

How to Calculate and Trade the Gartley Butterfly Pattern?

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

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What You Need to Know About Forex Overtrading

What You Need to Know About Forex Overtrading

Forex Overtrading Challenge Forex overtrading is one of the most challenging lessons for a trader to understand. If you continue to overtrade, you will lose a lot of money. You expose your money to the market any time you enter it. The more you expose

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Trade Powerful Bullish Candlestick Patterns

How to Trade Powerful Bullish Candlestick Patterns

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

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Trading Trends Exhaustion and Benefiting From It

Trading Trends Exhaustion and Benefiting From It

Recognizing and Benefiting from Trading Trend Exhaustion What to look for and how to pounce when the market shows these 3 key indicators, Three Signs of Trend Ending And How to Profit From Them. If you can properly identify trading trends exhaustion, it’s one of

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How to Trade Powerful Bearish Candlestick Patterns

How to Trade Powerful Bearish Candlestick Patterns

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

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How to Trade Forex Triangle Patterns Like Professionals

How to Trade Forex Triangle Patterns Like Professionals?

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

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