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...
A market order is the most common type of order on the Forex market. A market order is a purchase order at the current market price. Hence, if you've ever purchased something online, the "Buy Now" button works the same way as a market order in the...
If the price makes multiple swings to new highs, the price waves become smaller, resulting in a rising wedge. In essence, the price action is uptrending, but contracting price action indicates that the upward momentum is slowing.
Maintaining patience in the Forex market presents traders with significant psychological challenges that can impact their decision-making and trading outcomes. These challenges arise from the fast-paced, volatile, and unpredictable nature of the...