Forex Education

Introduction

Arrow indicators are a set of tools for the "lazy" traders. On Forex charts, possible market entry points are indicated with arrows, green means...

So far, the reversal formations we saw - the Piercing Pattern, the Dark Cloud Cover, and the Engulfing patterns, were strong reversal signals, showing that the bulls or bears had the control. The Harami is usually a less powerful signal.

Harmonic Patterns – Start Here Harmonic Patterns are an advanced form of analysis and require more than a basic understanding of the technical analysis of financial markets. For those of

What is like to be a professional forex trader? Not long ago, we had an interview with a high-profile forex trader named Arnold, he was speaking about the motives and transitions he was going through, why he became a trader and how that decision affected his life. When we asked him how he discovered forex, he said that in his mid-twenties he worked as an assistant manager at Abercrombie & Fitch store in London, drinking around with his lads, and always struggling to support his living. One day on his way back home, he was in the metro sitting next to the nifty guy and noticed him playing some strange video game on his mobile phone. He was curious so he politely asked a guy about the game.

Introduction GBPAUD is an abbreviation for the Great Britain pound and the Australian dollar. This cross currency pair is widely traded with high volume in...

Without a doubt, the topic of Forex trading brings with it many questions. There are questions related to strategies, brokers, fund management, and much...

This article is to be dedicated to single candlestick key figures. The majority of patterns are created by more than one candle, but some particular candlestick shapes are key figures to gauge the market sentiment and spot reversals.

Traders can get information about forex trading from a variety of sources, including articles, eBooks, audiobooks, and paper novels, training courses, webinars, seminars, videos,...

Harmonic Pattern Example: Bearish 5-0 Harmonic Pattern The 5-0 Harmonic Pattern Like the Shark Pattern, the 5-0 pattern is a relatively new pattern discovered by the great Scott Carney. Carney

Introduction

Introduction In the previous lesson, we discussed how the forex market is structured. Now, it is time to take this topic a little deeper. In this article, let's understand the

In today’s article, we are going to demonstrate an example of H1 breakout strategy. It is a typical example of the rule ‘Set and...

In today’s price action trading lesson, we are going to demonstrate an example of a chart that offers multiple entries. We try to spot out entry/entries that we may skip and the entry/entries we may take. We try to find out the reasons behind that as well. Let us get started.

As a trader, when you need to calculate the risk or consistency of your trading system you need to test your trading systems. The...

The Two Clouds Discovery In Manesh Patel’s book, Trading with Ichimoku Cloud – The Essential Guide to Ichimoku Kinko Hyo Technical Analysis, he made a fantastic discovery. When I first

Double Top/Double Bottom is one of the most robust patterns that price action traders wait to take entries. When the price is rejected twice at a resistance level, it forms

The triangle is one of the three basic corrective patterns along with the Flat structure, with more variations within Elliott’s Wave Theory. In this educational article, we will review the

Often when we think about certain quotes in relation to forex and trading, we are thinking of ones that are solely from those that...

In today’s lesson, we are going to demonstrate an example of the H4 and the H1 chart combination for taking entries. Both are intraday charts. A large number of traders

Breakout trading is one of the most widely used trading strategies in the Forex market. Breakout confirmation is equally important. Without breakout confirmation, a breakout may not work in favor of the traders in many cases. Thus, if we want to have a tremendous rate of winning, we may wait for breakout confirmation or reversal at pullback before taking entry. In today’s lesson, we are going to demonstrate an example of this.

Introduction

Active Trader Pro is a trading platform that is available through the broker Fidelity Investments. The platform is marketed as being an innovative option...

Introduction

Last month a private symposium was held in Las Vegas, Nevada, sponsored by a narrow circle of international forex traders. The event hosted more...

Introduction Forex AKA Foreign exchange is the largest market in the world where all the global currencies are traded. It can also be considered as a place where individuals, companies

With many popular trading platform markets on the market, like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Trade Station brings its own creation to...

When you go ahead and type into the Google Currency Strength Meter, believe it or not, you will see that this tool gets over...

Introduction GBPCHF is the abbreviation for the Great Britain pound and the Swiss franc. Since USD is not involved in this pair, it is called...

Chart Patterns – Broadening Pattern & The Diamond Pattern

We have finished the section that covers advanced concepts of the Elliott Wave Principle. These concepts are unfolded, including the following aspects.

The stop-loss setting is a crucial component to the long-term success of a forex and crypto trader. The market forces cannot be adapted to the wishes of traders. Successful traders

 

Introduction

Introduction To Foreign Exchange Reserves

In our previous article, we introduced the concept of "fast market." Also, we commented about the importance of watching the big-picture to support the market's general overview. In this educational

Trend lines are simply lines that are drawn on a chart that when analyzed will give you as a trader an idea of the...

Introduction

The Double Bottom is a pattern, where the buyers eagerly wait to get a bullish reversal candle at. Typically, a Bullish Engulfing Candle, a Bullish Pin Bar,  a Bullish Truck

Harmonic Pattern Example: Bearish Deep Crab The Deep Crab Pattern     The Deep Crab is a variant of the regular Crab pattern. It is still a 5-point extension, and it still

Chart Patterns: Start Here

cTrader is a popular online trading platform that was developed by Spotware, it was released in 2010 and is a popular choice amongst online...

A good winning Forex trading plan should become the start for any path to becoming a consistently profitable trader. Unfortunately, some traders don’t write...

The daily–H4 combination traders are to wait for the daily chart to produce a reversal candle first to look for entry. Once the chart produces a daily reversal candle, traders are to flip over to the H4 chart; wait for consolidation and an H4 reversal candle to trigger an entry. We must not forget that if the daily chart is trending, the daily-H4 combination trading strategy may offer entry as well. In today’s lesson, we are going to demonstrate an example of that.

Chances are if this is the first time you’ve heard that square R, you have no idea what exactly I mean or where the...

Harmonic Pattern Example: Bearish Bat The Bat Pattern The Bat Pattern is another harmonic pattern that was not identified by Gartley, but instead by the great Scott M. Carney -

Traditionally, gold is considered a protective asset in which money flows when problems arise in stock and currency markets. This can be seen very...

Introduction

The ThinkorSwim trading platform was launched by TD Ameritrade to provide traders with essential trading tools through their browser, desktop, or mobile devices. If...