The wedges are one of the most common patterns in Forex trading. Also, it is one of the most familiar figures in Forex as it consists of two converging trend lines that can be easily spotted in a chart. Essentially, a wedge pattern is a price formation that consists of two converging trend lines, which […]
Choosing the right Forex trading platform is one of the key elements that most traders are curious about. In the list of the top platforms, MetaTrader 4 (MT4) remains as the most popular, however, since the appearance of MetaTrader 5 (MT5) in 2010, the debate of whether using one version or another has grown significantly. […]
As Forex traders, it is very important to know what is the availability of the market. Moreover, it is important to understand how do the different trading hours or sessions impact your trading strategy. The Forex market is open 24-hours a day from Sunday 10:00 PM GMT to Friday 10:00 PM GMT, this includes most […]
The Forex market is where traders exchange currencies. Topping $5 trillion in daily turnover, it is the biggest financial market. It started in 1971 and was the exclusive preserve of the big banks. However, things changed in 1997 when the internet rose and liberalization of the market, enabling you and me to participate. Forex trading […]
Forex indicators are a big part of technical analysis and they offer some wonderful uses for traders. These include being able to quickly and easily spot trends, to give trade ideas, to create trading signals to give entry and exit points, and they even confirm those signals, further taking the guesswork out of trading. Some […]
As traders, we explore markets looking for profitable opportunities. Moreover, we look for reliable, easy to spot, and low-risk trades. The bullish engulfing pattern belongs to the category of powerful formations due to its strong trend reversal properties. In essence, the bullish engulfing pattern is a trading figure that consists of two candles, one bearish […]
Online Forex trading for beginners is not can be challenging if you are not with the right broker. Therefore, choosing the best Forex broker online is the first thing that you need to do as a beginner trader. Many Forex-newbies fall into the trap of scam brokers, whose only purpose is to steal their money. […]
How to install indicators on MT4 is very relevant to all traders as it allows them to configure analytical tools to point existing or developing market trends. Seeing those trends early gives a trader the ability to estimate where the market is going to go next and take a trading position accordingly. It’s not magical […]
In this article, we will share a candlestick cheat sheet that will help you improve your price action technical analysis. In addition, you will be able to identify the top 5 candlestick patterns and improve your strategy. Forex candlestick patterns are special on-chart formations created by one, or a few, Japanese candlesticks. There are many […]
MetaTrader 4 is the most popular trading platform for retail traders because of its simplicity and ease of use. Metatrader was launched in 2005 by MetaQuotes Software company. It licenses the software to Forex brokers. In return, brokers provide their clients with access to MT4 if they open a Forex account. Traders use the platform […]
