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
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
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
Traders cannot really predict the market. It’s a trading trap. As traders, we are dedicated to proving the logic of our strategies over and over again. However, this logic will not always work out the way it was intended. Many factors may divert the course
“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
Richard Wyckoff Methodology Legendary stock trader Richard Wyckoff found out some approaches to pick the winning stocks or forex pairs direction. His approaches and methods are still working in the modern era. Further, Wyckoff’s methodology also indicates the most valuable time to buy a forex
Developing the Right Mental Tools for Forex Trading Success Everyone who wants to be a successful trader and consistently make money in the forex market needs strong mental fortitude. You must have a successful mindset, as it is one of the most important tools that
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
Real forex traders challenges At The5ers, we speak to many of our traders about their strategies, systems, and emotions through our Portfolio Analyst Resource. We talk about the traders’ challenges and successes! From these talks, we learn a lot of important insights regarding trading performance
A few reasons why price action is the preferred “indicator” for many forex traders For a moment, throw out complicated analysis schemes and just look at the market. Just sit and watch the price action go up and down. Enjoyable isn’t it? Many traders love
A Close Look at the New Zealand Currency The New Zealand dollar or Kiwi dollar is the official currency of New Zealand. Capping off the top 10 of the most traded currencies in the world, the Kiwi is the 10th most traded currency representing approximately
Can Forex Trading Make you Rich? Can Forex make you rich? Trading is not gambling, and anyone who sets out to make a living in this business needs to be ready and prepared for the daily grind. This is constant work that accepts and embraces
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
How to lock yourself and your focus into the trading zone In this article, we’re going to discuss a few ideas for how to be fully focused and always on top of things, also known as trading in the zone. Every day we come to
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
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
Reversal Patterns Forex In this post, we will discuss five powerful and reliable reversal patterns in the forex market. Generally, reversal patterns provide a great Risk-Reward ratio potential. We will learn how to identify each one of them and how to trade by using these patterns.
Trading Divergences in Forex The very concept of divergence means the discrepancy between the readings of two or more correlated data sources. Imagine that you are sitting in the cockpit of an airplane, and then suddenly, the instruments begin to signal that you are sharply
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
Conquering the major emotional states associated with trading The best traders psychology advice to mentally prepare a trader for success in the market is a simple premise, but one that is in conflict with our natural state and therefore exceedingly difficult to achieve. To conquer
Real talks with The5ers forex traders At The5ers, we get to speak to many of our traders about their strategies, systems, and emotions through our Portfolio Analyst Resource. We hear about the traders’ challenges and successes! From these talks, we get to learn a lot
Forex Trading Room on July 26 – 30, 2021 – An Ongoing Short Position on The USDJPYAll You Need to Know About Andrews Pitchforks Strategy
Only After I Had lost $150K, Did I Realize How To Become Successful
7 Leading Economic Indicators For Evaluating the Market’s Movements
Brandon’s Road to $640K With The5ers
Forex Trading Room on July 19 – 23, 2021 – The Major Pairs Are Approaching Key Zone Levels
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