In forex trading, a long position refers to buying a currency with the expectation that its value will increase over time. This means that the trader will profit if the currency pair appreciates, and they will lose money if it depreciates. For...

Effective plans for forex trading are essential for achieving success in the highly volatile and complex foreign exchange market. These plans encompass a range of strategies and principles that traders employ to navigate the intricacies of currency...

Profits, revenues, costs, taxes, and other forms of capital investment are all part of running a business. Traders should approach business in the same way.

The purpose of the Average Directional Index (ADX) is to measure the strength and direction of a market trend. Developed by J. Welles Wilder, the ADX is a widely used technical indicator in trading and investing. It helps traders and investors...

The zig zag indicator is a simple tool used by analysts to determine when a security's trend is changing. By identifying support and resistance areas, it is possible to identify significant price changes while filtering out short-term fluctuations,...

The morning star pattern differs slightly. When the price action in the middle of the candlestick is essentially flat, a doji is formed. There are no visible wicks, resembling the "+" sign. A morning star with a thinner middle candle reflects the...

Earning pips in trading, particularly in forex, requires a strategic approach combining analysis, discipline, and risk management. A pip represents the smallest price movement in currency trading, typically the fourth decimal place in most currency...

High-Frequency Trading (HFT) is a specialized form of algorithmic trading that leverages powerful technology and advanced algorithms to execute large volumes of trades at extremely high speeds. Below are the key features of HFT:

Indicators are powerful tools used by traders to analyze market trends and make informed decisions about when to buy or sell securities. While indicators can be highly effective, it's important to understand that they are not infallible and can...

The simple answer is that fractal trading works, but only when used in conjunction with a trading strategy. A trader will benefit more from combining fractals with a trend-following or breakout trading strategy. Combining fractals with technical...