Forex Basics

One way to avoid taking emotional-driven decisions in trading is to follow the mechanical trading process. The mechanically generated decisions give you fewer opportunities to make erroneous decisions. The system helps remove biases and personal judgment from the trading process. A consistent process is ensured with this system. When you use the mechanical system, there is … [Read more...] about Mechanical Trading

As an efficient way to read price metrics without distortions caused by volatility and minor corrections, the Heikin-Ashi (HA) pattern involves the use of candlestick charts with slight modifications for providing average price movement. Due to the averaged nature of the pattern, you will not find precise prices for close and open positions in a specific span. About The … [Read more...] about Heikin-Ashi

To spot a probable reversal of price in the upward direction, traders use the hammer candlestick. Usually, this formation is trailed by a price upsurge and this is termed as confirmation. You can find this pattern on any span, such as daily, weekly, and single minute charts. About The Pattern It is named so as it is in the shape of a hammer. The long lower shadow and … [Read more...] about Hammer

Chart patterns are utilized by traders to simplify trade inputs. They are price action patterns on the chart that have more than average probability of movement in a specific direction. So, which amongst them occur most frequently and are well worth knowing about? There is a nauseating number of ways in which one can trade currencies, which is why there are some common ways … [Read more...] about Chart Pattern