The wedge pattern is a popular chart formation that traders use to identify potential reversals in the markets. This pattern is formed from a series of higher highs and higher lows in an ascending wedge or lower highs and lower lows in a descending wedge. As the pattern narrows, the price action becomes more compressed, eventually leading to a breakout that can...
Forex signal providers can be a good resource for traders looking to access the markets. However, not all signal providers are created equal, and some of them act as scammers, preying on unsuspecting novice traders. In this article, we will look at how to recognize a fraudulent signal provider's website and how not to fall victim to their machinations. The...
Bullish and bearish flag patterns are common patterns in forex that are used by traders to determine potential price movement in a trending market. These patterns can provide clues about market sentiment and help us make informed decisions about when to enter or exit a trade. It should be remembered that this pattern is a continuation pattern, not a reversal...
As the world of trading evolves and expands, new signal providers are popping up every day, promising to help traders identify potential market opportunities. However, there are many problems among legitimate providers from one of them: signal providers offer fraudulent Expert Advisors (EAs). These unscrupulous providers promise extraordinary returns and flawless...
What is a double top? This pattern appears when the price reaches some levels, makes a high, then goes down for a while. Then it comes back to about the same level and draws the same high at about the same level as the previous one, and then turns around and goes down. With a double top, this pattern is a reversal pattern and favors, subsequently, a downward...
When choosing signal providers, it is a difficult task to determine the quality of the provider. One way of course is to look at testimonials. Testimonials are a common tool used by signal providers to showcase success stories or attract potential customers. While testimonials can provide valuable information about a provider's performance, they should be...
Triangle patterns are powerful technical indicators that provide traders with valuable insights into potential market trends and price movements. Among the various types of triangle patterns, horizontal triangles, contracting triangles, and expanding triangles are widely recognized for their reliability and effectiveness. Horizontal triangles, also known as...
In the world of forex trading, Myfxbook has become a popular platform for traders to share and analyze their trading results. However, as with any online platform, there is a risk of encountering fake or fraudulent accounts that mislead users. It is crucial to be able to spot these fake Myfxbook accounts to ensure credibility and make informed decisions when...
This model is a W-shaped pattern. It is formed at the "bottom" of the market. It serves as a reversal model. When identifying a double bottom formation, look for price patterns that occur when a price has reached a support level twice and failed to break through it. For example, consider a chart with two distinct lows, with a trough in between. The price may then...
Signal providers are becoming increasingly popular among traders, offering automated trading recommendations or strategies to take advantage of forex. However, it is important to be aware of potential red flags that may indicate that a signal provider is not trustworthy. In this post, we will look at some of the most common "red flags" that signal providers can...
1. Impulse Move Buying Opportunity Impulse move buying is a trading strategy that involves buying when the price makes an impulse move from the key level. Price makes a higher high, breaking through the previous high—a break of structure. The market pulls back to 1/3 of the impulse move, and then traders can look for signals. Usually, price action doesn't make a...
Transparency of forex signal providers is an important concept for making successful trading decisions. Transparency of forex signal providers means that an investor can view a signal provider's trading history, including results and statistics. This gives an investor the opportunity to evaluate the verified trading history and make a decision on whether to...
❇️ Finding the right signal provider for your trading journey can be a daunting task. With so many signal providers out there, it's hard to know which one to choose. But don’t worry—here, we’ll go over the best qualities of a signal provider so you can make an informed decision. ❇️ The first and the most important quality to look for in a signal provider is track...
Hi, in this video, I revealed the best way to use signals given by me or any other analyst. watch it, drop your comments or your questions. and dont forget to share this video.
Forex Signals Providers - Scam? Points you should keep an eye on before buying. Points: - Trading Strategy - Trade Management / Timing - Risk Management / Risk Rewards - Broker - Result Trading Strategy: Well we never know what these traders are really doing. We may see the analysis but we do not have their rules (Trading Plan). So you would need to...
Gold and other precious metals such as silver, platinum and palladium have intrinsic value as solid physical assets with important industrial applications. They also have value due to their ability to store significant amounts of wealth in a fairly small space. As a result, many people hold gold to guard against inflationary pressures and to provide a medium of...
A cumulative flat or a consolidation zone is like a flat of a small width, up to 20-25 points (it is usually formed during the Pacific trading session, overtaken by the opening of the main sessions). For yourself, you can select a consolidation zone in the form of a rectangle, so the eye perceives the formation better. The entry point is either on the breakout of...
“All transactions leave indelible marks on the volume and price charts” A. Elder Understanding the market and finding profitable trades is the goal of any trader. Analysis of the relationship between price movement and vertical volumes dramatically increase the chances of reaching it. The volume element consists of actions of two people - seller and buyer. When...