A trading journal is a valuable tool used by traders and investors to document and analyze their trading activities. It is essentially a detailed record of each trade made in the financial markets, including stocks, currencies, commodities, or any...

Triple candlestick patterns are a subset of candlestick chart patterns that consist of three consecutive candles on a price chart. These patterns are significant because they often signal potential reversals or continuations in market trends,...

An active position in the stock market refers to a trading strategy where an investor or trader actively buys and sells stocks or other financial instruments within a relatively short time frame, typically days, weeks, or months. This strategy...

Both MQL4 and MQL5 are highly practical and simple programming languages to code new EAs. If one can master these languages, it is easy to identity a strategy and then embed it in a trading robot.

A Counter Currency is the second currency listed in a currency pair, also known as the "Quote" currency. Currency trading can be perplexing at first because you must always deal with a currency pair. The first currency in the pair is referred to as...

During periods of high volatility in forex markets, pivot points can undergo significant adjustments. Volatility refers to the magnitude of price fluctuations within a given period, and it can impact the accuracy and reliability of pivot points. When...

To trade USD in the foreign exchange market, you must focus on your goals, needs, and opportunities. For many people, working for banks and exchange offices is the only and best way to make a living. Others turn to other traders for brokerage...

Tweezer top candlestick pattern is a bearish trend reversal pattern formed by today's candles in the opposite format or trend of the candlesticks. These price patterns are tops or bullish trends that form in conjunction with bearish and bullish...

It all begins with an interest in the financial market. If you don't enjoy things like stocks and currencies, then trading isn't for you. You must have fun with what you do.

Creating a forex trading plan is crucial for success in the dynamic and volatile foreign exchange market. Here's a concise guide to crafting a robust trading plan: