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We already went over the similarities between trading and financial management. Now we are going to get a little deeper into each one of the elements of management that could help with your trading. Planning to succeed Having a plan…
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Dow Jones recorded its lowest level in two weeks yesterday at 25070, missing the round support. Although bulls escaped outside the bearish descending channel starting at 29600 in February, that now resembles a false break. The recent…
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Jesse Livermore, the man who played big and managed to earn millions of dollars during a time of severe economic instability is definitely a trader to look up to. The Wall Street Crash of 1929, also called Black Tuesday (October 24), was…
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Buy low, sell high! Learning to buy a currency pair when it is low or cheap and to sell it when it is high or expensive is the essence of successful forex trading. Of course, you can also sell high and buy low to make a profit. Either way,…
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As the markets slowly grind to a halt, what better time than the end of the year holiday season to take a break from the markets! For the retail traders who are usually trigger happy in executing trades, taking a break for a week does some…
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Crude oil prices have started 2021 on a strong footing with prices surging higher in response to a firmly bullish report from the Energy Information Administration. Inventories  Drop The EIA reported that in the week ending Friday,…
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Foreign exchange trading volumes rose to a record high in the first three months of 2018, representing a rise of 28% in March 2018, compared to a year ago, according to data released by CLS and published by Reuters. The increase in the FX…
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In the previous article, we covered the basics of the Rate of Change (ROC) indicator. We know that the Price ROC is merely an oscillator that measures the rate of change in price. Thus, we can conclude that the PROC indicator allows traders…
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On the 1H timeframe, the USDCNH pair has completed the cycle intervening wave x. Following this, the construction of the initial part of the final cycle wave z began. Wave z could have a complex double or triple zigzag formation. The…
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No one is perfect. No trader doesn't have losses. We all make mistakes at some point, and it's important to pay attention to them so we can learn to improve. Someone said, "I don't make mistakes, I make learning experiences".…
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EURUSD struggles amid lockdowns A pullback of the US dollar has given the euro some breathing room but economic divergence may keep the latter under pressure for a while. A string of upbeat US data has helped shift sentiment in…
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It's normal for trades to end positively and negatively. No one has a perfect track record in predicting the market, and every consistently profitable trader will have regular losses. As a general rule, it's not these routine losses that…
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Ensconced in an air-conditioned office, watching the markets with plenty of coffee on hand, might lead traders to feel oblivious to the sun or rain beyond the windows. But forex depends on the economy, and the weather can influence the…
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Supply and demand is a concept used in technical analysis that was made famous by Sam Seiden. Saying "supply and demand" is simply another way of saying support and resistance. As you may already know, support and resistance are basic…
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When it comes to trading, the general consensus is that we should be able to control our emotions in order to succeed. We shouldn’t be greedy, fearful, impatient or easily disappointed because we may not trade objectively. Therefore, the…
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Price action trading can be one of the simplest ways to trade the markets. Although indicators tend to offer some perspective, experienced traders will no doubt keep coming back to the most classic methods of technical analysis. Support…
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Using a forex signals provider can be exciting for some. For others, having used a forex signals service already and having met with some disappointments, one can get skeptical about using such a service already. This brings the question…
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