A break and retest strategy is a popular approach by traders and investors focusing on price action. It involves waiting for a breakout to happen and then being patient for it to retest the immediate resistance/support level. This article will look at what a breakout is and how you can use the break and retest strategy in forex. What is the break and retest … [Read more...] about A Guide to the Break and Retest Strategy in Forex
Forex Trading Strategies
Day Trading Risk Management Rules You Should Be Aware Of
Choosing between day and swing trading, or other trading styles in forex, did you devote yourself to the former? Then let us dig further into this risky but rewarding day trading approach and evade the risks it suggests. 1. Stay off the market in the first 15 minutes after opening As a forex trader, you will be paying special attention to specific currency pairs at … [Read more...] about Day Trading Risk Management Rules You Should Be Aware Of
How to Trade With VWAP and VWMA in Forex
Hedge funds tend to use powerful indicators based on volume to invest millions of dollars in the markets every day. As retail traders, these will guide us to know what the whales are doing with the money and where they can be buying or selling. We want to be profitable traders, make a lot of money and live in Miami Beach. But, here is bad news - you can't move the price … [Read more...] about How to Trade With VWAP and VWMA in Forex
What to Choose: Day Trading vs Swing Trading
Day trading and swing trading, along with scalping, are the popular time frame-based strategies for trading the currency pairs. If you have been looking at both and thinking which one to choose, you have arrived at the right destination today — we will help you finally make up your mind. How day trading works Day trading is an approach whereby traders … [Read more...] about What to Choose: Day Trading vs Swing Trading
Successful Short Selling in Trading: How Forex Is Different From Stocks
Short selling is a form of trade whereby a seller borrows an asset from a lender, hoping that the price will fall from their original price, thereby enabling the seller to profit. For example, if you short a company's stock when it is at $100 per share, it means that you expect it to fall, while the entity lending you expects it to rise. If the price falls to $90, you will … [Read more...] about Successful Short Selling in Trading: How Forex Is Different From Stocks
