Overview To the layman, looking at any forex chart seems complex. Yet in no time, they become easy to read. A chart is nothing more than a visualization of the price of a forex pair over many time frames, ranging from minutes to months. Having competent charting skills is a crucial component of technical analysis - an approach used by the majority to make trading … [Read more...] about Line, Bar, Candlestick, Renko, and Heiken Ashi Charts in Forex – How Each of Them Are Used
Forex Basics
Getting It Right With Triangle Chart Patterns
Formation Triangle patterns are formed during periods of consolidation in forex charts usually. Typically, they come midway through either an uptrend or a downtrend. The most important aspect of these formations is that they usually signal a high likelihood of a continuation of an existing trend. When a breakout is spotted leaning towards the previous trend, traders take … [Read more...] about Getting It Right With Triangle Chart Patterns
The GBP/JPY Pair: How to Trade It in the Right Way
GBP/JPY is a pair that is favored by most Forex traders, since it combines the Japanese yen and the British pound, two of the most trusted and stable currencies. In the year 2020, Japan and the UK entered a trade agreement that promised to enhance the trade between the two countries by more than 15 billion pounds. This is one of the many reasons why people are … [Read more...] about The GBP/JPY Pair: How to Trade It in the Right Way
How to Use Bullish Candlesticks When Buying Stock
The bullish patterns are formations on a price chart that are often formed during a downtrend and are usually taken as a sign of an impending reversal towards the upward trajectory. However, investors should be patient until such a time that the upward price movement is confirmed before going long. Types of Bullish Candlesticks Five main types of candlesticks communicate … [Read more...] about How to Use Bullish Candlesticks When Buying Stock
Prop Trading vs. Retail Trading
Retail trading and proprietary trading are two popular day trading strategies in the world today. In this article, we will look at what they mean, their differences, and the best trading approach to use in the market. What is prop trading? Prop trading is the shortened version of proprietary trading. It is a relatively small but fast-growing trading approach that involves … [Read more...] about Prop Trading vs. Retail Trading
