In Forex trading, sometimes simplicity and recognizing easy-to-spot patterns can pay off big. The hammer candlestick is one of them, being the most recognized formation by Forex traders. The hammer candlestick is a reversal pattern of bullish nature that consists of a single candle with a small body and a long shadow. The open, high and […]
Forex trading is the biggest financial market in the world, dwarfing the stock market. Although the numbers vary from source to source, all agree that Forex trading is larger than the combined value of what is traded daily on the New York, London, and Tokyo markets. Think upwards of 5 trillion dollars—that’s the daily volume […]
As a Forex trader looking for profit opportunities, you need to learn how to identify market reversal patterns. The hanging man is a clear example of a potential reversal that may occur at the top of an uptrend. The hanging man is a bearish price formation that consists of a single candle with a small body […]
Capturing market reversals by trading an Inverted Hammer Candlestick is one of the top skills you need to develop as a Forex trader. This pattern is very attractive since it offers a chance to enter a trade at the beginning of a new trend, increasing the chances of getting profits. The Inverted Hammer Candlestick is […]
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 […]
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 […]
