A chartist is a trader or investor who uses charts and technical analysis to inform their trades. Chartists believe that historical price and volume data can be used to identify patterns and trends that can be used to make trading decisions. They...
Yes, there are alternative theories and perspectives on resistance in trading that differ from traditional technical analysis. While technical analysis relies on price patterns, indicators, and historical data to identify resistance levels, other...
Trading psychology refers to the mental and emotional factors that influence a trader's decisions and behavior in the financial markets. It plays a critical role in a trader's success or failure, often overshadowing the importance of technical...
Stop-loss orders are widely used by various types of investors and traders as risk management tool. These orders are particularly popular among active traders, day traders, and short-term investors who aim to protect their capital and limit potential...
When analysing Fair Value Gaps (FVG) or Order Blocks (OB) in smaller time frames, several key factors must be considered to enhance trading accuracy:
Sentiment analysis is an important tool used in forex trading to analyze the emotions and opinions of market participants towards a currency pair or the market as a whole. By examining various sources such as news articles, social media posts, and...
Inflation plays a crucial role in forex markets because it directly impacts a currency's value and purchasing power. When a country experiences high inflation, its currency tends to depreciate as the increased cost of goods and services reduces its...
The Three Black Crows is a bearish candlestick pattern used in technical analysis to signal a potential reversal of an uptrend. Three consecutive long-bodied bearish (red or black) candles open within the previous candle’s body and close near their...
Long-legged doji and dragonfly doji are two distinct candlestick patterns used in technical analysis to assess market sentiment and potential trend reversals. Despite some visual similarities, they have key differences that traders should be aware...
The Aroon Oscillator is a technical indicator used in Forex trading to identify trend strength and potential reversals. It is derived from the Aroon Up and Aroon Down lines, which measure the time since the highest and lowest prices over a given...