This advanced Fibonacci retracement and extension tool tutorial will show how to identify profitable trading opportunities. As part of a larger support and resistance series, explore the links in the video description for additional information. Whether you are new to these concepts or refining your skills, this method adds a unique twist to your trading … Read more
Day trading stocks can today be a very exciting undertaking, with the high returns possible having many eager traders. However, what really draws new traders into the market is penny stocks, given that they are inexpensive to buy and thus apparently promise big gains. For instance, when traders see a stock priced at only $0.69 … Read more
Choosing the right time frame is one of the most important things in day trading, which will directly affect risk management and the speed of making decisions. Let’s go through the key elements which will define the best time frame for your trading strategy. 5 Ways How To Balance Profit and Purpose 1. Risk Management: … Read more
The CCI is thought to be one of the easiest means available that keeps traders on the right side of the market. That is the beauty of the CCI: it is simple and mathematically based, hence objective, in its own way of defining market conditions. This guide will explain how to read the CCI, what … Read more
The MACD is a strongly relative indicator, and in the right hands, it can be one powerful trading tool.Understanding its true function and use would explain why so many traders misapply the MACD, focusing on the wrong issues and thus making poor decisions and losing money. The Basics of MACD The MACD plots the difference … Read more
The ability to understand and interpret trading indicators remains the greatest challenge, especially when trying to identify entry and exit points. The MACD is a very popular tool among traders; however, very few can use it in such a way that brings profitability in their decisions. The success in trading depends on how one can … Read more
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
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