Mastering the patterns of Japanese candlesticks is impossible to spend without for any trader who intends to unlock strategic flexibility in the markets. Knowing these few key formations will let you use candlestick patterns for breakout, reversal, and continuation trading. This post will introduce the top five candlestick patterns that every trader should know to … Read more
Last week was a market of momentum, with traders pricing in the possibility of interest rate cuts by the Federal Reserve, a precursor to rejoicing. But BlackRock isn’t so optimistic to show that the market is ready for any significant change in direction. This week is shaping up pretty eventful with the end of Q1 … Read more
This week, markets are in for a high level of uncertainty with sticky inflation concerns and an active earnings season. For the week of April 24-28, major economic data releases and significant company earnings will most likely move the markets. Here’s what traders should look at each trading day. Monday: Quiet Start with Potential for … Read more
The journey in the forex could be pretty cumbersome for one who invests time. A trader usually makes millions of decisions in a single day, each probably with sizeable outcomes. Given the high stake of trading, how should you work to enhance the effectiveness of your decision-making and the outcome of performance? It is at … Read more
You could have a great strategy and excellent tools, but you wouldn’t consider what sets people up for psychological losses due to emotional decisions that lead to bad trades. The problem is not just a trading plan; it involves the reaction to a trader’s highs and lows. Day trading psychology is one of the major … Read more
It is probably the most popular chart indicator found in any trading platform, often taught as a good technique to identify overbought and oversold conditions. Yet thousands of traders remain frustrated as they continue to lose money applying an RSI-based strategy. Why? They were taught how to interpret the RSI entirely wrong! The RSI is … Read more
For most traders in the world of fast trading, it’s always such a challenge finding the entry and exit points within fast-moving trading. This usually comes about through high noise in markets, usually masking clear signals that would be used to serve as the basis for trading; this is very challenging particularly in Forex trading, … Read more
Many people fail to make regularly profitable trades due to the complexity and volatility of markets. The issues arise in terms of an understanding of market dynamics and how to really analyze price action, thus leading to lost opportunities and financial losses. In the Forex trading world, there is a well known methodology about making … Read more
After two shocking hikes by the Bank of Canada and the Reserve Bank of Australia last week, a reminder of the unpredictable nature of trading has hit traders. What should have passed as a relatively tranquil period in trading turned around instantly, confirming the truism that in finance, assumptions can lead to shock surprises. As … Read more
Uncertain markets have been seen in recent periods as fears over inflation and economic slowdowns in the world are on the rise. While risks still prevail due to increased volatility, many are eager to know whether the FOMC minutes that are set to be released following a Federal Reserve announcement might help stocks bounce back … Read more
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