Forex is continually changing, therefore traders must have a well-thought-out plan in place if the price does not move as expected. One of the important factors you should consider including in this plan is a stop loss order. Stop-loss orders, when utilized effectively, can help you maintain control over trade objectives. Don’t overlook this tool;…
Advertisements for traders and brokers typically showcase a glamorous and lavish lifestyle, which is often associated with the wealth that comes with trading. Successful traders tend to flaunt their achievements, but there is a less glamorous reality behind the wealth that professional traders amass. Like any other successful endeavor, becoming a professional trader takes time…
Chart patterns are an important part of technical analysis, but they take some practice to master. To help you understand them, here are 3 Main Groups of Chart Patterns that you should know to improve your trading strategy Table of Contents 1. What is a chart pattern? A chart pattern is a form inside a…
By applying technical analysis, you may use market structure breaks to your advantage and profit from trading opportunities. Table of Contents 1. What Is Market Structure?​ In every market, the price is inconsistent and moves up and down on the chart. These actions cause the market structures to be developed over time. Price charts, order…
Smart money is a concept that is no longer strange to traders in all trading markets. It is considered an interesting strategy, and as a retail trader, you should understand this concept well. It not only helps you expand your knowledge but also allows you to apply it to your trading style to develop sharper…
The harsh truth is that most Forex traders, with statistics showing over 90% losing their money and 80% of day traders failing to survive the first two years. Why? The reason for this high failure rate is due to a flawed perception of the market. Many new traders enter the market with the misconception that…
To trade or not to trade? This is a question that traders always keep in mind before they are making a decision. You’ve probably heard of the saying that 90% of traders fail in their first year. I’m not sure how accurate it is, but I have to admit that I’m leaning toward thinking it’s…
Order blocks may be a useful tool for traders in identifying market trends and determining effective trading decisions. Table of Contents 1. What Are Order Blocks?​ A trading order block is a large number of assets that are being traded consecutively. Typically, it refers to a single transaction or series of transactions that reflect a…
One day trading strategy that is very well-liked by forex traders is the use of a technical indicator’s divergence from the movement in a market price. If you spot market price volatility, do you know what technical indicator to use to maximize profits or minimize losses? Below, we’ll look at what a divergence is, which…
Swing trading is undeniably getting more popular than other trading strategies. In this article, we’ll go over some of its fundamentals to see why it’s so popular, especially among part-time traders! Table of Contents 1. Swing trading definition 1.1 What is swing trading? Swing trading is a basic style of trading where traders hold assets…
