Updated April 2020 Although at times trading may seem like banging one’s head against a wall, there is light at the end of the tunnel. There are traders – some legendary and some unheard of – extracting money out of the markets on a consistent basis. The question then arises, what can you learn from … Continue reading What Can We Learn From Successful Traders?
Tag: forex trading
Interpreting the U.S. Employment Situation Report: The Basics
With the U.S. retaining its position as the world’s largest economy since 1871, and a nominal GDP forecasted to exceed USD 21 trillion in 2019, the country’s employment status, provided by the Bureau of labour Statistics (BLS), is crucially important. The Federal Reserve, as well as the investment community, pay close attention to employment figures … Continue reading Interpreting the U.S. Employment Situation Report: The Basics
Sometimes the Best Position Is No Position
Updated April 2020 At first glance, the title may appear fruitless, or even a paradox. As a trader, you engage with the market to profit and the only way to achieve this is to trade. However, at times, remaining on the side lines may be more fitting and actually save you from unnecessary loss. Personal … Continue reading Sometimes the Best Position Is No Position
Trading the Gartley Harmonic Pattern
Updated August 2020 While some disregard harmonic trading, others are incapable of operating without it. The Gartley pattern, sometimes referred to as a Gartley 222, was introduced by H.M. Gartley in his book Profits in the Stock Market[1], in 1935. Nowadays, however, many traders follow the teachings of Scott M. Carney. In his book, The … Continue reading Trading the Gartley Harmonic Pattern
Pivot Points: An Introduction
Updated March 2020 To say support and resistance (S/R) is significant is an understatement. Without knowledge of S/R, the odds of success, particularly for technical-based traders, significantly diminishes. The good news is S/R comes in all shapes and sizes; some are even calculated for you. Much like psychological numbers, or round numbers, pivot point levels … Continue reading Pivot Points: An Introduction