A Gravestone Doji candlestick forms when a financial asset opens, trades significantly higher during the trading session, but then closes at or near the same level as the opening price. This results in a candle with a long upper wick (or shadow), a...
The ABC pattern is a popular chart pattern used in technical analysis to identify potential price reversals or continuations in the market. It consists of three distinct price movements labeled A, B, and C.
Learning how to trade price action involves several key steps:
Cash exchanging, also known as currency exchange or foreign exchange, refers to the process of converting one currency into another. It is typically conducted by individuals or businesses when they need to make transactions in a foreign country or...
A pennant pattern is a technical analysis chart formation used by traders to predict the continuation of a strong price movement. It typically occurs after a significant price surge (uptrend or downtrend) and resembles a small triangle (or flag) on...
The term 'handle' in forex trading refers to the portion of the quote that appears in both the bid and ask price. If a currency pair can be purchased for 1.6456 and sold for 1.6400, its handle is 1.64.
The most dangerous trading times in the forex market can expose traders to unnecessary risks, often due to heightened volatility or reduced liquidity.
There are two main versions of MetaTrader: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 was released in 2005 and is the more widely used version. MT5 was released in 2010 and is an updated and more advanced version of MT4.
The Adaptive Price Zone (APZ) is a technical indicator used to identify potential overbought and oversold conditions in the market. It was developed by Lee Leibfarth to adapt to changing market volatility, making it more responsive in dynamic trading...
A hook reversal is a technical analysis pattern that signals a potential trend reversal in the market. It occurs in both bullish and bearish scenarios and is typically observed after a strong price movement, whether upward or downward.