Posts Tagged ‘Forex trading’

In this video, you will learn about the dark cloud cover and the piercing pattern. These are powerful reversal patterns that you can use in forex trading. The dark cloud cover is a bearish reversal pattern. This is similar to a bearish engulfing pattern. It occurs at the end of an uptrend. The first candlestick is a bullish candlestick. It is then followed by a bearish candlestick, which opens above the close of the previous […]

In this video, you will learn about price action analysis using support and resistance levels. Candlesticks form the basis for price action trading. It is important that you first identify the support and resistance levels in your technical analysis, besides looking to trade the trend. It should be part of your trading strategy to gain an edge in the market. Horizontal Price Levels: You can mark support and resistance levels […]

In this video, you will learn about the dragonfly and the gravestone doji candlestick patterns. A doji candlestick represents indecision in the market. It consists of a single candlestick with no real body and long wicks above and below. For example, look at this chart. Initially, the price is in a downtrend. At some point, the sellers lose control, and you can see the formation of this dragonfly doji candlestick. It has a very long lower wick […]

In this video, you will look at some common candlestick patterns, which you can use in your forex trading. Compared to a line chart, the candlestick chart contains more useful information. Each candlestick represents the open, close, high, and the low price based on the timeframe of the chart. Candlestick charts show trends more clearly. These are some of the common patterns listed below. Spinning Top: This pattern consists of a very […]

In this video, you will learn about the market manipulation using the GBP/AUD chart as an example. You will see how the retail traders are trapped by the market makers. For example, look at this chart. The zig zag line represents a higher high, which is followed by a lower low. Initially, the buyers were in control, as it is evident from this uptrend. At some point, they lose control, and the control changes to sellers […]

In this video, you will look at the ten common trading psychology mistakes that traders make in forex trading. Trading is a psychological activity unlike other fields of science. Those who excel in other fields may not be able to win in trading. Trading needs to be explored in a psychological perspective. It is important that you develop an ability to control your emotions. These are the common trading mistakes. […]

In this video, you will learn about trend reversals by observing the transitions observed between two trends. It is important to have a look on market extremes as the transition happens. For example, look at this chart. Initially, the market is in an uptrend consisting of higher highs and higher lows. At some point, the buyers run out of steam, and the trend starts to slow down. Sellers enter slowly into the market and gain more momentum. The market […]

In this video, you will learn about how to trade the USD/JPY pair. There is a unique way to trade financial assets like gold, EUR/USD, etc. They are all traded in different ways. The way you trade the EUR/USD pair may not suit to trade the GBP/USD pair. The USD/JPY pair is linked with the Bank of Japan and the US economy. So, pay attention to headlines related to BOJ and the macroeconomic data […]

In this video, you will learn about taking risk in trading with respect to time. Trading is really profitable when do it in the long-term. So, what about short-term trading? Short term trading comes with high risk and lots of stress. When you trade short-term, you make money very fast, but you end up taking high risk to obtain that reward. You may […]

In this video, you will learn an important strategy of determining if the market is range bound or trending. First, you need to determine the market condition before using a range trading strategy or a trend trading strategy. An oscillator like the stochastics do not give you reliable signals when the market goes into trending mode. The MACD indicator is not suited for ranging environments. For example, look at the price action of this […]