Posts Tagged ‘Forex trading’

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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 to Identify the Doji Candlestick Pattern

In this video, you will learn how to identify the doji candlestick pattern. You will also learn the various types of doji, the interpretation of this pattern, and how to use the reversal signal from this pattern. The doji candlestick has no real body. The open price and the close price are the same. There are three types of doji candlestick pattern. They are long-legged doji, dragonfly doji, and gravestone doji. The long-legged […]

How to Identify the Morning Star Candlestick Pattern

In this video, you will learn how to identify the morning doji star candlestick pattern, and how to use it as a reversal signal. For this pattern, the first candlestick must be a long bearish candlestick. The second candle must be a doji candlestick with the open price below the close price of the first candlestick. This represents indecision in the market. The third candle is a bullish candlestick with a big body with its open […]

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 […]

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