Posts Tagged ‘Forex strategy’

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How to Identify Shooting Star Candlestick Pattern

In this video, you will learn how to identify the shooting star candlestick pattern, and use it as a reversal signal in your trading. Shooting star is the bearish counterpart of the hammer candlestick. This candlestick consists of a long upper wick, which must be at least two times the length of the real body. This pattern becomes more reliable with a long upper wick. The body of the candlestick can be bullish or bearish. A bearish […]

Trading Rules and Tips

This video discusses about some important trading rules which can improve your performance in trading. Always measure your risks and rewards before entering the trade: Determine your risk-to-reward ratio before entering a trade. Hence, you need to plan your trade in advance. Always use stop orders: Use stop-loss prevents huge losses from happening when then market goes against your expectations. When […]

How to Identify Bullish Engulfing Pattern

In this video, you will learn about how to identify the bullish engulfing pattern, and how to use it as a reversal signal. This pattern consists of two candlesticks. The first candlestick is a bearish candlestick. The second candlestick is a bullish candlestick. The body of the second candlestick completely engulfs the body of the first candlestick. The market must be in a downtrend. The second candlestick must fully engulf the first one. The long trade can be initiated […]

How to Identify Bearsih Engulfing Pattern

In this video, you will learn about how to identify the bearish engulfing pattern, and how to use it as a reversal signal. This pattern consists of two candlesticks. The first candlestick is a bullish candlestick. The second candlestick is a bearish candlestick. The body of the second candlestick completely engulfs the body of the first candlestick. The market must be in an uptrend. The second candlestick must fully engulf the first one. The short trade can be initiated […]

What Is Swing Trading? — For Beginners

You can trade the forex market according to your trading style. You can choose scalping and go in and out of the trades quickly. You can also try day trading and enter and hold a position for the entire day. However, if you are looking for greater profits, and is willing to hold a trade for a few weeks or even a month, then you should try swing trading. Swing trading is focused more on fundamental […]

What Is Scalping in Forex Trading?

Scalping is day trading strategy, in which the small gains made from multiple trades add up to make a large profit. It involves high frequency trading and trades are opened and closed within short duration ranging from few seconds to few minutes. Also, the trades are closed immediately if the market goes against the expectations. Scalping becomes profitable when you trade with the trend in combination with […]

Principles of Forex Market Price Behavior

Trend is more likely to continue than reverse: The continuation of a trend is based on fundamentals. Most reversals will turn out to be false breakouts. You can focus on chart patterns, which will help you gain entry in the direction of the trend after the breakout. Momentum precedes the price: Focus on finding new trades on the first reaction following a new momentum high or low. Trends end in climax: When a trend comes […]

How Do You Feel When You Are Waiting for a Forex Trading Opportunity?

In this video, you will learn how to use the measured objective of a channel breakout to find the take-profit level. As you can see from this example, you have the preceding down move before the price enters into this brief period of consolidation or an ascending price channel. In this video, you will look at handling those situations, when you are waiting for a trading opportunity. It may impact your trading […]

Forex Channel Measured Objectives

You need a preceding down move before the market enters into a consolidation forming the channel. As you can see, the market makes this down move, and enters into this ascending channel. So, you can start from this swing high before the channel has started, and measure the pips to the first channel support. For this example, consider that it is 400 pips. When the price breaks to the downside of the channel, […]

Forex Channel Stop-Loss Placing

In this video, you will learn about placing a stop-loss after the price breaks out of a channel. There are two ways to enter a short position after a channel breakout. You can enter after the candle that breaks the support or the lower line of the channel. A better way to place the trade which offers a great risk-to-reward ratio is to wait for a retrace to the upside and retest of the broken support or the lower line of the channel. An aggressive way […]

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