Posts Tagged ‘Forex trading’

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Market Entry Strategy — Best Time of Day to Trade Forex

In this video, you will learn about when to enter into a trade in forex. Forex trading is available 24 hours a day. However, it is important to trade forex during certain hours, when it is highly volatile. Successful forex trading is not only about finding a perfect entry signal. Look at this chart. As you can see, the price broke through the uptrend line. Also, […]

How to Use Economic Calendar Effectively

In this video, you will learn about the importance of using economic calendar in forex trading. As you can see, this is the economic calendar from forex factory. It shows you information about various events and their impact on the market. The red color indicates high impact. There are various economic announcements like the German IFO business climate. Another event is the Brexit referendum conducted in Britain. It […]

Trading with Rectangle Break Strategy

In this video, you will learn about the rectangle break strategy. As you can see on the AUD/NZD daily chart, this is the rectangle box marked. The market has been oscillating between the support and resistance levels for some time. At some point, the market broke to the upside. You can take a long position and place your stop-loss halfway into the rectangle. For determining the take-profit level, take the measurement from the height of this box, […]

How to Trade with the Exponential Moving Average Strategy

In this video, you will learn about a trend following strategy using Exponential Moving Average indicator. You can find this indicator on your MetaTrader platform. There are two main types of moving averages. They are simple and exponential. As you can see on the chart, the 50-period EMA is added to the chart. An Exponential Moving Average differs from a simple Moving Average in such a way, that it gives […]

Going in for the Kill — Forex Compounding Strategy

You might have heard from fellow traders, going in for the kill. A trade that is going to make big money as believed by traders from time to time based on what they see on the chart. Some of you might find it uneasy to believe such a thing as you might have sustained losses instead of profit. This strategy is about adding more positions to a winning trade. Some traders want to take […]

Chase Trading Account — Traders' Bad Habits — Chasing Trades

In this video, you will learn about the mistake that traders make called chasing the trade. Chasing trades is not a good strategy. It is about investing more on something that had rallied and the arrival of dumb money into the market. One thing is mania that drew attention to the bitcoin markets. Indeed, money flowed into the bitcoin market, but it was unsustainable. Look at the monthly chart […]

The Problem of Multiple Timeframe Analysis (and the Solution!)

In this video, you will learn about the problems that traders face when using multiple timeframes for their price action analysis of the markets. Beginner traders try to change from one timeframe to another in order to find a holy grail when the market goes against them. They attempt to find support and resistance levels in higher timeframes and use them to make entries in lower timeframes. This leads to a situation called paralysis […]

The Problem of Trading Inertia

This video discusses with you about two main types of trading. The first type of trading is about being realistic with expectations, sustainable, and counterintuitive. The second type is being emotional and having trading results similar to a roller coaster experience. When you get a series of losing trades, it's a problem that you face called trading inertia. To overcome this, you need to adapt to sustainable type. You […]

Head and Shoulders Pattern Explained

In this video, you will learn about the head and shoulders pattern. The psychology behind this pattern is that the market attempts to make higher highs in an uptrend, but the trend runs out of steam, forming two highs and a higher high, resembling a head and two shoulders. As you can see on the chart, the market is in an uptrend. At some point, the bulls run out of steam, encounter resistance, and form the left shoulder. The market attempts […]

Introduction to the Andrews Pitchfork (8 Facts You Probably Didn't Know)

The Andrews Pitchfork is an indicator that is available on your MetaTrader software. It is a good tool for analyzing price action on your charts. Professional traders use this tool to analyze the market. Alan Andrews first introduced this indicator in the year 1930 to the world of technical analysis. This indicator is based on the laws of physics. it has an accuracy of 80% when it comes to predicting the price movement. It follows […]