Forex Blog |  Forex trading

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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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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Do You Have the Guts to Trade the News?

Do You Have the Guts to Trade the News?

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

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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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Common Knowledge is a Trading Trap

Common Knowledge is a Trading Trap

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

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The Five Necessary Steps of Wyckoff Methodology

The Five Necessary Steps of Wyckoff Methodology

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

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5 Mental Tools for Forex Trading Success

5 Mental Tools for Forex Trading Success

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

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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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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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Five Powerful Reversal Patterns Every Trader Must Know

Five Powerful Reversal Patterns Every Trader Must Know

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.  

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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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