Forex - foreign exchange market, is a location where international currencies are bought and sold by economic participants at various exchange rates.
Forex market is the biggest market in the world, reaching on average 6 trillion dollars trading volumes daily.
Forex market is a vital element for a global economy because it provides capital exchanges ...
Hey traders,
In this post, we will discuss 3 most popular types of charts.
We will discuss the advantages and disadvantages of each one, and you will decide what type is the most appropriate for you.
📈Line Chart.
Line chart is the most common chart applied by analysts. Reading financial articles in different news outlets, I noticed that most of the time the...
Last year, I shared more than 1300 free signals and forecasts for Gold, Forex, Commodities and Indexes.
In my predictions, quite often I relied on classic price action patterns.
In this article, I will reveal the win rate of each pattern, the most accurate and the least accurate formations of the last year.
Please, note that all the predictions and...
In the today's article, I will reveal trading secrets I wish I knew when I started trading.
1️⃣ Forget about becoming a pro quickly
Most of the traders believe, that you can learn how to trade easily and that it takes a very short period of time in order to master a profitable trading strategy.
The truth is, however, that trading is a long journey.
I spent...
When trading forex, it's essential to check spreads, especially during holidays.
Trading forex during holidays can be a bit more challenging due to reduced liquidity in the market.
Liquidity refers to the ease with which assets can be bought or sold without causing a significant change in price. During holidays, liquidity can be lower as many...
In the today's article, we will discuss how smart money manipulate the market with a bullish trap.
In simple words, a bullish trap is a FALSE bullish signal created by big players.
With a bullish trap, the smart money aims to:
1️⃣ Increase demand on an asset, encouraging the market participant to buy it.
2️⃣ Make sellers close their positions...
Entering the world of day trading can be both exciting and daunting, especially for those who are new to the game. This article aims to provide simple yet valuable recommendations for beginner day traders specifically focusing on forex and gold trading. 💼💰🚀
1. Educate Yourself:
Before diving into day trading, it is crucial to understand the intricacies of...
Margin trading stands as a fundamental concept in the world of trading, offering opportunities to amplify potential gains but also carrying increased risk. This article is a comprehensive guide to understanding the basics of margin trading, exploring its mechanics, implications, and the vital role it plays in financial markets.
Understanding Margin Trading...
In the today's post, we will discuss the essential element of price action trading - a pullback.
There are two types of a price action leg of a move: impulse leg and pullback.
Impulse leg is a strong bullish/bearish movement that determines the market sentiment and trend.
While a pullback is the movement WITHIN the impulse.
The impulse leg has...
In the today's post, we will discuss how trading is structured , and I will share with you its 2 key milestones.
Trading with its nuances and complexities can be explained as the interconnections of two processes: trading rules creation and trading rules following.
1️⃣ With the trading rules, you define what you will trade and how exactly, classifying...
In the today's post, we will discuss the evolution of a mindset of a trader as he matures in trading.
✔️Beginner
For some unknown reasons, beginners assume that a couple of educational videos and books about trading is more than enough to start trading successfully.
They believe that they got a comprehensive knowledge and that very few things remain to...
In the today's post, we will discuss very common beginner's mistakes in trading that you should avoid.
1. No trading plan 📝
That is certainly the TOP 1 mistake. I don't know why it happens but 99% of newbies assume that they don't need a trading plan.
It is more than enough for them to watch a couple of educational videos, read some books about trading and...
In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis.
1️⃣History Repeats
History tends to repeat itself in the Forex market.
Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time.
Take a look at the example:
Silver...
If you are looking for a way to increase the accuracy of your trades, I prepared for you a simple yet powerful checklist that you can apply to validate your trades.
✔️ - The trades fit my trading plan
When you are planning to open a trade, make sure that it is strictly based on your rules and your entry reasons match your trading plan.
For example,...
Hey traders,
The moving average is one of the most popular technical indicators.
It is applied in stocks/forex/crypto trading and proved its high level of efficiency.
There are hundreds of trading strategies based on MA.
In this post, we will discuss the 4 most popular ways to apply the moving average.
1️⃣The first method is applied to identify the market...
Hey traders,
Being breakout traders we have two options for trade entries:
when the breakout is confirmed, we can either open a trading position aggressively once the candle closes above/below the structure, or we can be conservative and wait for a retest of the broken structure first.
What is peculiar about the second option is the fact that the majority of pro...
Hey traders,
In this post, we will discuss 6 crucial things in your trade planning and the main elements of trade results assessment.
1️⃣ - Before you open a trading position, make sure that you analyzed the chart. You should identify a market trend and spot major key levels.
Here on WTI Crude Oil I have analyzed key levels and came to the conclusion that...
Have you ever wondered why the certain trading instruments are very rapid while some our extremely slow and boring?
In this educational article, we will discuss the market volatility, how is it measured and how can it be applied for making smart trading and investing decisions.
📚 First, let's start with the definition. Market volatility is a degree of a...
