A Spinning Top and a Doji are both candlestick patterns that signal market indecision, but they differ in structure and meaning.
MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading experience. Millions of traders...
The Bullish Hikkake pattern is typically considered a continuation pattern, though it can sometimes signal a reversal depending on its context within the trend. It occurs after a false breakout from an inside bar. It reflects a temporary trap for...
Cognitive biases are common mental shortcuts that our brains take to make decisions quickly and efficiently, but they can also lead to errors in judgment. Traders are particularly susceptible to these biases, as they often need to make quick...
The Belt Hold pattern is a single-candlestick formation that signals a potential trend reversal. It can be either bullish or bearish, and the key difference lies in its position, colour, and the market trend preceding it.
A market order is an order to buy or sell a currency pair at the current market price. This type of order is typically used when a trader wants to enter or exit a trade as quickly as possible. A limit order, on the other hand, is an order to buy or...
Breakout trading is a popular strategy in the world of financial markets, offering a range of benefits that appeal to both novice and experienced traders. This approach involves identifying key support and resistance levels and then capitalizing on...
The pin bar pattern is a popular price action trading signal that can help traders identify potential market reversals. To trade the pin bar pattern, traders should first look for a pin bar formation on their charts, which typically appears as a...
The MetaTrader 5 Strategy Tester is a powerful tool that allows traders to backtest their trading strategies before executing them in the live markets. It is a module within the MetaTrader 5 platform that can simulate historical market data and...
The Non-Farm Payroll (NFP) report is a key economic indicator released monthly by the U.S. Bureau of Labour Statistics, measuring job growth excluding farm workers, government employees, and non-profit organisations. Its impact on the forex market is...