Forex trading: Discretionary or Mechanical Mechanical Trading strategy removes the need to predict by laying down some rules. The system informs the trader when to enter and exit the market and how much to risk so that they don’t have to make predictions. The Discretionary Trading strategy focuses on the intuition, market knowledge, and gut feeling of the trader. … [Read more...] about Choose Your Trading Approach: Discretionary Trading Or Mechanical System?
Forex Trading Strategies
Top Fundamental Setups: Sunday Gap
It’s important for a trader to examine, conduct research, and understand as many trading approaches as possible. This helps them in the adoption and incorporation of one that’s really suitable for their trading style. There are primarily seven setups that are extremely useful when it comes to technical analysis. No matter which trading approach one takes, a trader should always … [Read more...] about Top Fundamental Setups: Sunday Gap
Forex Trading Strategies: False Breakout Essentials
Breakouts are rewarding patterns for trading volatile markets as they allow traders to profit early on as a new trend begins. However, many, at times, breakouts are often plagued by false signals resulting in false breakouts. What is A False Breakout? As the name implies, a false breakout occurs when price moves above a critical resistance level or below a key … [Read more...] about Forex Trading Strategies: False Breakout Essentials
Triple Screen Trading System Explained
Most beginner traders look for a single indicator that can help them make big profits. They may find one that helps them make profits but as soon as the losses come in, they look for another indicator. This is the wrong way of approaching indicators since none of them is designed to provide a flawless market prediction. They are not even designed to correlate with each … [Read more...] about Triple Screen Trading System Explained
Understanding High Frequency Trading
High frequency trading (HFT) is a subset of electronic/automated trading in that all or part of the activities does not involve human input. As the name suggests, this kind of trading is superfast, faster than any human could be. Allegedly, a human finger takes 150,000 microseconds to click a mouse. Now imagine a system that operates faster than this speed. Before the advent … [Read more...] about Understanding High Frequency Trading
