A single formula for success for trading in the financial markets. Think of the markets as being like the ocean and the trader as a surfer. Surfing requires talent, balance, patience, proper equipment, and mindfulness of your surroundings. Would you go into water that had dangerous rip tides or was shark-infested? Hopefully not.
The attitude to trading in the...
There is a great debate about whether technical analysis works or not, and my personal opinion is that most of the time, YES.
In this educational post, I will use EurUsd as an example and we will see how, using basic technical analysis knowledge, we could have been on the good side of the market for more than 2k pips.
So let's get started...
We can see from...
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In order to be profitable in the Forex market, we must follow some very strict rules and even imposed by us when we make our TRADING PLAN.
First of all you have to trade with our own money and so you can eliminate a major pressure.
Then respecting the TRADING PLAN and having a very good RISCK MANAGEMENT, from my point of view it is a bit difficult to...
SAVE THIS!This Educational Chart Pattern will help you everyday to see where the market can change direction,and when to place your order.
Where to place your entry,Tp and stop loss.
And before placing a order you need confirmation.
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Before placing an order it is advisable to wait for confirmation.
In the chart above we have an example of a sell that can be made on 1HR / 30m / 15m.
We are waiting for the price to form a resistance.
See if there is enough range 15-20 pips .
Place the order and as a target most recent support.
GBPCAD – Buyers to test higher high first
Trend: Buy/ Neutral
Support/Resistance:
R2: 1.72171
R1: 1.70660
S1: 1.68964
S2: 1.67298
Price action:
Price action give us information about flow of the market and understanding psychology of the market. So this trade is handling with buyers channel, which meand buyers are stronger in this case then sellers. On the...
