Introduction Candlestick charts are a cornerstone of forex trading, offering valuable insights into market dynamics. One key element of a candlestick is the size of its body, which provides crucial information about the strength of buyers and sellers. In this comprehensive article, we'll explore how the size of a candle's body reflects market sentiment,...
TRADING IS THE MOST REWARDING BUSINESS IN THE WORLD. But 99% of traders don't know how to win. 6 STEPS TO BECOME A TRADING SNIPER: 1. Develop A+ setups - Focus on low risk, high reward - Don't worry if you need time to execute - You don't need to catch every market's movement to be successful One setup is enough to kill in the trading arena. 2. Focus on...
Do you agree with my "text"? Do you believe you are only as rich as you make yourself. I promise that only makes sense if you read it 5 times. I was dancing through my notes and I thought about this one great topic. Because I remember looking a very clear mirror and I could see every pore on my face. The thing about mirrors are: They never lie! What you see is...
Hey there, I saw a cool picture on google and thought I share. PS: It has nothing to do with this post. Unless of cos', You see me as a friend. Today, I'm diving into the exhilarating world of forex trading, where currencies dance to the rhythm of global markets. Now, you might be wondering, what in the world does forex trading have to do with life? Well, my...
In the fast-paced world of forex trading, understanding the concepts of lot size and pip value is crucial for success. These fundamental elements serve as building blocks for effective risk management, precise position sizing, and ultimately, maximizing profit potential. In this article, we will delve deep into the concepts of lot size and pip value,...
Introduction Forex trading is the practice of buying and selling different currencies to profit from market fluctuations. This financial market is the largest in the world, with an average daily trading volume of $6.6 trillion, making it an attractive arena for traders. In this article, we'll cover some fundamental principles of forex trading, and show you where...
The bearish flag pattern is a powerful technical analysis tool used by traders to identify potential bearish trends in the foreign exchange (Forex) and gold markets. As a continuation pattern, it is typically formed after a strong downward move, indicating a short-term pause before the price continues its downward trend. 📚How Does the Bearish Flag Pattern...
Introduction: In the world of foreign exchange (forex) trading, traders have an array of currency pairs to choose from. Among the various strategies employed by forex traders, a popular approach is to focus on trading a single currency pair. While some may argue that diversification across multiple currencies is more beneficial, trading one currency pair comes...
📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future...
In this Weekly Review I breakdown my thought process for my first 4 trades of the week. The video was cut short due to a 20 Minutes max length for tradingview. I just learned about this since I am new to video analyses on tradingview. I will be uploading the Part 2 for my final (5th) trade of the week at some point this weekend. If you enjoyed the video, please...
🔴 A stop-loss (SL) is a limit order that specifies how much loss you are willing to take on a trade. It prevents you from making additional losses on a trading position. 🟢 A take-profit (TP) works as the exact opposite of a stop-loss. It specifies the price to close out a position for profit. When you have a take-profit order, the trading platform you are using...
The world of trading in gold and forex is a challenging and relentless arena where fortunes can be made or lost in a matter of seconds. Three of the most popular styles of trading in these markets include scalping, day trading, and swing trading. In this article, we will take a closer look at each of these trading styles and explore the differences between...
The key to becoming successful as a Forex trader is to find the right balance between how much you risk per trade to achieve the desired profit you are aiming for. This balance needs to be realistic and relevant to the technical strategy you are applying. You need to combine risk reward with your strategy. The risk-reward ratio is simply a calculation of how much...
As a professional forex and gold trader, it's essential to understand the anatomy of successful trading. From market analysis to risk management, there are specific body parts, or components, that make up a successful trader. Here's a breakdown of each component and its role in pro trading. 👁 Eyes - Market Analysis Successful traders know that the markets are...
When it comes to trading gold and forex, technical analysis plays a vital role in predicting market trends and making informed trading decisions. One of the most popular technical indicators used by traders is the Relative Strength Index (RSI). The RSI indicator is a momentum oscillator that measures the magnitude and velocity of price movements in a currency...
📍Price action trading refers to the analysis of raw price movements in order to understand and predict future market trends and price movements. By focusing on price movements, traders gain a deeper understanding of market fluctuations and can make more informed trading decisions. The strategy can be applied to trading gold and forex, two of the most popular...
Forex and gold trading have become immensely popular among investors as a great way to earn profits. However, starting with this venture can be quite overwhelming for beginners. Here is a step-by-step guide to help you begin your forex and gold trading journey: 1. Learn the Basic Concepts: Before investing your hard-earned money, it's important to get familiar...
The secrets of making four figures through trading. In this Trading view Post, we will explore the key strategies and considerations that can significantly enhance your swing trading results. As a forex coach specializing in this trading style, I'm excited to share valuable insights and empower you to achieve your financial goals. Small Accounts are Out, Prop...