Chart patterns are one of the most important aspects of technical analysis, as they usually give insight into the potential moves of the market. However, a trader who relies on price patterns alone, such as the Head and Shoulders, without understanding the forces behind the pattern, will often produce very poor trading performance. The course … Read more
Price action trading can be very, very frustrating because, when you’re only using price, it becomes inconsistent. Most traders fail time and time again even when they’re using one of the more popular strategies like Bollinger Bands or pivot levels because their setups are incomplete. You can add immensely to your trading edge by adding … Read more
If you want to get into Forex trading, then you need to know the basics. Forex is a short term for “foreign exchange.” It is the global market for exchanging national currencies against each other. It works 24 hours a day, five days a week, which sounds a little bit overwhelming. However, mastering the basics … Read more
Understanding candlestick reversal patterns can make all the difference in your entry and exit strategies as a trader. While there are literally hundreds of different candlestick patterns to learn, one stands out in particular as an extremely powerful tool in signaling market reversals. We will take a closer look at this important pattern, explain why … Read more
The RSI can be phenomenally powerful when applied appropriately for intraday trading. Unfortunately, so many people use it incorrectly, which leads themselves to incorrect decisions and ensuing losses. If you find yourself consistently frustrated with RSI performance in your trading strategy, know that understanding its correct use may make the big difference. Understanding the True … Read more
A beginning trader, however, may have difficulties in framing a simple but effective options and forex strategy on his very first day. This low volatility breakout strategy creates a scientific approach to consolidative price action to unlock the ultimate potential entry. The trading process is more simplified because this method has enhanced profit possibilities with … Read more
The VWAP is considered by many to be one of the most useful intraday trading indicators. Because it is calculated by using both prices and volume, it paints a broader picture of market trends than traditional moving averages. In this blog, we explore advanced techniques and critical concepts to help you effectively trade using the … Read more
The VWAP is arguably one of the most powerful indicators available to day traders. Knowing how to effectively use the VWAP will make all the difference in your trading strategy. In this article, we will go over the basic concept, how to enhance it with standard deviation bands, and when to apply this strategy for … Read more
The most important decision for a trader is between swing trading and day trading. Both techniques have pros and cons that work differently to fit the style of trading, size of risk, and other time commitments. This exhaustive guide will review the crucial differences between swing trading and day trading, weigh the pros against the … Read more
One of the most powerful principles in trading simply goes to say: “Stops go where you’re wrong.” That means, in short, stop-loss orders should be placed where your initial trade thesis is invalidated. If the reason you entered the trade is no longer valid, neither should the trade. That approach will absolutely prevent making emotional … Read more
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