Over the last couple of years, the trading industry has evolved and new traders that come into the business just get it going with a live account without going through a demo account first. In fact, trading a demo account these days feels so much like a waste of time.. But should it be this way?? Should you trade a demo account, or even take it seriously? Plain...
If you’re wondering how to trade Fibonacci retracements, you’re in the right place. Today, we’ll be breaking down why traders use Fibonacci retracements and how you can apply them in your own trading, and we’ll list our top tips for making the most out of Fibonacci trading. The Fibonacci Sequence for Trading Fibonacci retracements make use of the Fibonacci...
1. What are indicators? Indicators are statistical tools used by traders to analyze and interpret market data, with the goal of identifying trends, patterns, and potential opportunities for trading. These tools are based on mathematical calculations applied to various types of market data, such as price and volume, and can help traders make informed decisions...
This is one of the multi-chart evolving dashboards I use daily for crypto trading. This dashboard attempts to distill a broad scope of data and sentiment into glance value charts. The goal with such dashboards is to seek to stack probabilities to be on the right side of the percentages in every trade. -- The top panel chart shows the SOPR (Spent Output...
The Bollinger Bands indicator is one of the popular technical analysis tools used in Forex trading. Here are some ways you can use Bollinger Bands in Forex trading: Identifying support and resistance levels The Bollinger Bands indicator can help you identify support and resistance levels. If the price of a currency pair approaches the lower line of the...
Divergences are a popular technical analysis tool used to confirm potential trend reversals and continuations in a security's price action. Moving Average Convergence Divergence (MACD) is a commonly used indicator to identify these divergences. Bullish divergences occur when the price chart is making lower lows, but the MACD is making higher lows. This may...
Are you an investor looking to make the best of your money? If so, you may be wondering if gold or cryptocurrency is the right investment for you. In this article, we will take a look at both gold and cryptocurrency and compare their pros and cons for investing. We will begin by defining and characterizing each asset, followed by examining the reasons to invest in...
Trading orders known as "trailing stops" enable investors to control their losses while also perhaps locking in profits as a deal goes in their favor. An instruction to sell a security after it reaches a specific price is the same as a conventional stop-loss order, which is identical to a trailing stop. A trailing stop, on the other hand, has an extra feature that...
Star Wars has been around since 1977 which was written and directed by George Lucas. During that time, there have been phenomenal quotes, lessons and adventures that have been shared. Instead of telling you different lessons Star Wars can teach you about trading. How about I share some quotes and how you can apply them? Here are the ones I find are the most...
✅Forex trading can be an exciting and lucrative way to make money. However, it can be very challenging, even for seasoned traders. To be successful, it's essential to understand some essential concepts that can help you navigate the market and make more informed decisions. ✅One crucial concept to keep in mind is the impact of position sizing on trading...
Forex trading, also known as foreign exchange trading, is the act of buying and selling currencies with the goal of making a profit. The forex market is the largest and most liquid financial market in the world, with an average daily trading volume of over $6 trillion. In order to understand forex trading, it is important to be familiar with some basic concepts...
Forex trading is an exciting and dynamic market that is influenced by a wide range of news and events. In order to make informed trading decisions, it is important to keep up-to-date with market news and events that can affect forex prices. Here are some key factors that can have an impact on the forex market: 1. Economic Indicators: Economic indicators such as...
Here a swing forms. The bearish engulfing pattern is followed by a doji harami pattern...there are other patterns but they are incomplete. The cloud helps time entries for late resistance. If the swing is reversing bearish, fill bearish under the engulfing swing -- on the bearish side of the cloud. Note: the lows are first order volatility, so omit them...the...
Moving Average Convergence Divergence (MACD) is a popular technical analysis indicator used to identify potential trend reversals in a security's price action. The MACD consists of two lines, the MACD line and the signal line, which are used to identify bullish and bearish crossovers that can signal a change in trend direction. A bullish MACD crossover occurs...
Are you struggling to understand how price is the ultimate indicator? This basic instructional video will help you learn the basics of Fibonacci Price Theory and how to apply it properly to price. Remember, Fibonacci Price Theory works on any symbol, any interval, anything that TRADES. Used in conjunction with other TA or advanced modeling, this is likely the...
Volume is a crucial component in the world of trading, as it can provide valuable insights into market dynamics and trader sentiment. In this blog post, we will explore the importance of volume in trading, how it can be used to confirm trends and reversals, and the various tools and indicators available to help traders incorporate volume into their analysis. ...
A. Whenever you think about a country raising interest rates, we need to consider what happens to investors and where they are more likely to deposit their money. So, as we are expecting an increase in interest rates this month from the FED, there are a few reasons why we can expect the rand to weaken further: Here are three to consider… Reason #1:...
Sometimes when talking to other Forex traders you might hear a reference to a nickname that you don’t understand. “I’m looking to long 10 lots in Cable, what are you thinking?” “Hmm, have you taken a look at Fiber? Support looks like it might be breaking across the board.” Wait, what? I thought we were talking Forex trading over here? Although It may seem...