Once you get into the forex market, you need to spend more time mastering from basic to advanced knowledge. Order types are one of the basics that I believe you should have from the start. So to be able to trade with confidence, you need to know what kind of “weapon” you have and its…
Table of Contents Bull flag vs bear flag patterns are two prominent concepts that crypto traders are always on the lookout for effective trading strategies. These candlestick patterns are invaluable for identifying temporary pauses in the market trend, allowing traders to enter or exit trades at optimal points. Understanding the bull flag vs bear flag…
Trading with bullish candlestick patterns can be an effective strategy for identifying potential buying opportunities in the market. Table of Contents 1. Explain the Bullish Candlestick Patterns Candlestick patterns are a type of technical analysis that traders use to examine price changes of financial assets such as stocks, currencies, commodities, and bonds. Candlestick patterns are…
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…
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…
