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 […]
You know that the Forex spread is an important factor in choosing which currency pairs to trade and even which broker to trade with. But what is a Forex spread? And why does it matter? In essence the spread is the difference between the Bid and the Ask price. It is what the broker charges […]
Technical analysis changed in time together with trading. Even though traders mostly follow robots today, some things remained the same. The Elliott Wave Principle key to market behavior is one of them. Elliott waves look at markets from a human nature point of view. As such, the Elliott Wave Principle allows traders to catch perfect […]
The price of a financial product moves continuously. However, from time to time, a “gap” occurs. Trading gaps is not a one-way street, though. Depending on the financial product, different ways of trading gaps for daily profit exist. Moreover, like this article will show, day trading gaps differs from culture to culture. Charting as a […]
Few trading concepts gained in popularity like harmonic patterns. In fact, retail traders use various harmonic patterns Forex strategies to find the perfect trade. There’s a reason why traders love them. They come with a clear setup, giving an entry and exit place. Moreover, the risk-reward ratio is one of the best. The Forex market […]
Have you ever noticed how often you bargain for things you want to buy while travelling abroad, even if the price is already far less than what you would expect to pay in your own country? Because you’re just trying to get the price you think is best for what you’re purchasing! Well, in trading you should be thinking similarly – just because you regularly make money from your established take-profit level, are you extracting the maximum amount from every trade? Is my stop-loss too close to my entry point? How is my take-profit in regards to my stop-loss? Let’s discuss about how to set your take-profit.
Today we will be looking at Fibonacci Retracements in Forex. The term ‘Fibo Levels’ is often used by analysts and traders. However, where do these levels actually come from? And what do the mean? How do you use them?
Those are exactly the questions we will answer today. Watch this 8 minute video and you will have a whole new appreciation for Fibonacci levels.
The triangle pattern is one of my favourite patterns in the Forex Market. It is very easy to trade and it is highly effective! Today I will show you exactly how you can take advantage of this market formation.
The triangle pattern is very common – it usually occurs inbetween trends and signals consolidation on the market. Often when you see the triangle formation it means that traders are uncertain of where the currency pair is going to go next.
