Traders who engage in scalping may either use a discretionary or systematic approach. Discretionary scalpers are traders who make rapid trading decisions based on the current market conditions. Traders are responsible for determining the terms and...

A Wolfe Wave is a chart pattern made up of five price wave patterns that indicate an underlying equilibrium price. Investors who use this strategy time their transactions depending on the pattern's resistance and support lines. The Wolf Pattern is...

In forex, margin calculations reflect the deposit made by a trader to secure a position. Consider it collateral; it is not a fee nor a cost, but it ensures that your account will be able to manage the trades you make. The required margin is directly...

A morning star reversal pattern appears at a major support level or at the bottom of a downtrend, allowing for the most precise long entry. The reason for this is the zigzag movement of the financial market, which creates swing lows and swing...

Now is the moment to take advantage of the currency market's advantages. The currency market, unlike other financial markets, is not controlled by a single participant since a single person or company cannot manipulate the market during busy trading...

It's understandable that shareholders would wish to keep their money secure. As a result, a PAMM trader may not always have access to cash donated by investors. Withdrawals may only be made by investors who have access to the PAMM account. A...

A foreign exchange spot contract is one in which the trader commits to purchase or sell the currency at the current market price. A spot currency transaction might be going to a local bank and exchanging some British pounds for US dollars before...

At night, the foreign currency market is rather calm. The great majority of trading instruments are now experiencing "flat" market conditions. The price of assets moves laterally, with levels of support and resistance on both sides. Because the price...

A hammer pattern can be inverted to create a shooting star pattern, which indicates a potential market reversal to the downside. Market reversals to the downside are indicated by the shooting star pattern. The long tail appears on the top side of the...

For every successful FX day trader, risk management is one of, if not the most, critical components of long-term profitability. To begin, keep the risk in each trade to a bare minimum, generally 1% or less. If you have a $3,000 account, you should...