Long-term trading, also known as position trading, involves holding assets for months or years to capitalize on sustained market trends. To utilize it effectively, follow these key strategies:

The difference between the results of real and demo accounts is that the results of a real account reflect the actual trading conditions and execution of trades, whereas the results of a demo account are simulated and do not reflect real trading...

The Elliott Wave Theory and the Cup and Handle pattern intersect in depicting market psychology and price movements, offering traders complementary perspectives. The Cup and Handle’s rounded bottom (the "cup") often aligns with Elliott’s...

In order to make consistent profits in forex trading, traders need a proper trading strategy. Demo traders can easily make one and also adopt other strategies. However, I do not recommend following any other strategies. It may not work the same for...

In terms of long-term profits, buy-and-hold strategies outperform price pattern techniques for trading systems; however, some patterns appear to help predict broad price trends. According to some studies, a wedge pattern will most often break out in...

Pivot points are a popular technical analysis tool used to identify potential support and resistance levels in the market. There are several types of pivot points, each with its own calculation method and application. The main types are:

Hedging in forex is a risk management strategy that involves opening multiple positions to offset potential losses. Here’s how to implement it effectively:

As a visual pattern, three white soldiers indicate the reversal of a downtrend, while three black crows indicate the reversal of an uptrend. In terms of volume and confirmation from other indicators, both patterns require the same caveats.

The Forex Cycle Line is a technical analysis tool designed to help traders identify recurring price patterns in the foreign exchange market. It operates on the principle that currency pairs move in cyclical waves due to economic data releases,...

Trading without a stop loss is a risky strategy that can have both benefits and drawbacks. It's essential to understand these pros and cons before deciding whether to adopt this approach in your trading activities.