Posts Tagged ‘Forex trading’

How many people lose money in online trading? How many people lose money in binary options trading? What percentage of day traders are successful? In this video, you will find answers to the questions listed above. It is often said that the 95% of traders lose money. According to the survey by the Australian Securities and Investments Commission (ASIC), 80% of binary options traders, 72% of CFD traders, and 68% of Forex […]

In this video, you will learn the forex pin bar trading strategy. For example, look at this chart. The price is in an uptrend as evident from the combination of these two moving averages. Now, look at this pin bar candlestick. It is followed by this bullish pin bar. However, this pin bar is with the uptrend, with the two moving averages providing dynamic support. At this level, previously, a resistance […]

In this video, you will learn about the Fibonacci retracement with price action. You can draw Fibonacci tool on your MetaTrader platform. If you want to draw the retracement levels in an uptrend, you need to start from a swing low to swing high. You will have the retracements level drawn for you. The key levels to note are the 23.6%, 38.2%, 50%, and the 61.8% level. You can trade long entries […]

In this video, you will learn about how to draw trendlines. For example, look at the EUR/USD daily chart. As you can see, the pair is in an uptrend making higher highs and higher lows. Start by connecting at least two higher lows and draw the trendline. At some point, the market breaks below this trendline. After that the market experiences a strong selling pressure. Now, look at another example. Look at the USD/JPY chart. Start […]

In this video, you will learn a forex trading strategy using RSI divergence. You will learn how to spot divergence using the RSI indicator and use it in your trading. The RSI is a momentum indicator used to gauge the strength of the market by using a certain number of candles for calculation. The default setting is 14. You can adjust this setting based on how sensitive you want this indicator to react. The RSI […]

In this video, you will learn about risk to reward ratio. It is a ratio that tells you how much profit you make for every unit of currency you risk in a particular trade. For example, if your risk to reward ratio is 1:4, then for every $1 you risk, you make $3 as profit. Assume you have invested $100 in your trading account. Now you trade […]

In this video, you will learn about how to draw support and resistance levels in forex trading. Support and resistance levels form the basis of analyzing price action on a chart. You can use the horizontal rule tool on your MetaTrader platform to mark the support and resistance levels on your chart. For example, look at this chart. The price has been in an uptrend. The price is making higher highs and higher lows. At some point, it […]

In this video, you will learn about the double top pattern. You can locate this pattern at the end of an uptrend, hoping for a reversal. As you can see on the chart, the price is in an uptrend. At some point, the sellers lose steam, and encounters resistance. So, the market forms the first top. So, the market pulls back to look for support. After finding support, it attempts to break the top. This support line is also […]

In this video, you will learn about the head and shoulders pattern. You can locate this pattern at the end of an uptrend, when the uptrend loses momentum. This is a pattern which is easy to spot. Initially, the price is an uptrend, as you can see on the chart. At some point, the trend loses force, and forms the left shoulder. It finds support and pushes higher to form the higher high, which is the head. Then […]

You could be one among of those forex traders, who might have blown out your account or have lost a significant amount of money from your account after sustaining losses. In this video, you will learn about how to stop blowing your forex trading account. Losses are inevitable in forex trading. So, you don't need to fight to discover a holy grail strategy that guarantees […]