A trading journal is one of the most powerful tools for building long-term success in the markets because it helps traders turn experience into structured learning. By recording every trade with details such as entry, exit, position size, strategy...

There are several approaches to comprehending and trading an upswing. One strategy is to concentrate solely on price action. Another approach is to use tools like trendlines and technical indicators. Two classic price action trading methods that can...

However, passive income is not a way to get rich without doing anything; it is instead a way to generate profits over time so that you can work less. As time goes by, effort decreases, while profits increase. Isn't that great?

The Head and Shoulders pattern is a widely recognized and reliable technical chart pattern used in financial markets, particularly in the field of technical analysis. It is a reversal pattern that signals a potential change in the prevailing trend of...

Patience is an essential trait that every trader should have. It is the ability to wait for the right moment to make a decision rather than rushing into a trade. Successful trading requires discipline, and patience is one of the fundamental...

Matching chart patterns with fundamentals is important because it provides traders with a more complete view of the market. Chart patterns show how prices have moved and reveal potential entry or exit signals, but they only reflect market psychology....

Average True Range (ATR), invented by Welles Wilder, measures volatility. Like most of Wilder's indicators, ATR was designed with commodities and daily prices in mind. Commodities tend to be more volatile than stocks on a regular basis. They are...

Currency exchange rates are affected by a number of factors. By investing in a currency with high interest rates, foreigners may make more money. Meanwhile, the Coronavirus epidemic has kept interest rates at record low levels. The pound is...

Forex trend envelopes are technical indicators that help traders identify the general market direction and potential reversal points. They work by plotting two bands above and below a moving average, creating a channel that envelopes price action....

In forex, a “pip” stands for “percentage in point” and represents the smallest price change most currency pairs can make. For major pairs, one pip is usually equal to 0.0001. When traders talk about 200 pips, they mean a price movement of...