An integral part of becoming a consistently profitable trader is finding a trading style that suits your emotional disposition. Fortunately, a number of trading styles are available. Although each style differs on holding periods and frequency, position trading, swing trading, day trading and scalping are among the most widely used channels within the technical community. … Continue reading Scalping the Forex Market: A Beginner’s Guide
You’d be hard pressed to find a formation as ubiquitous as the double bottom or double top, often labelled ‘M’ tops and ‘W’ bottoms for visual reasons. Spend a couple of minutes looking at just about any candlestick/bar chart and numerous W and M patterns are immediately obvious. As a matter of fact, the pattern … Continue reading An Introduction to Double Bottom and Double Top Patterns
With an endless stream of books available to choose from, it’s often difficult to decide which text will prove most fruitful. Is there one book that has all the answers – a book that confronts all elements of forex trading? To knowledge, covering each aspect in detail is beyond the scope of one book, and … Continue reading 5 Must Read Books for Any Aspiring Forex Trader
Should a colleague, one who has a reputation of borrowing money and returning it later than proposed, ask to borrow $100 and offer to pay back $110 the following month, what would your initial thought be? It’s probably not worth the risk or the hassle, right? However, what if the said colleague offered to repay … Continue reading Understanding Risk/Reward Ratio in the Foreign Exchange Market
As the sea rises and falls along a shoreline, price action ebbs and flows in a similar manner. Perhaps one of the most disregarded facets of technical analysis, yet one of the most essential, is the identification of market structure. Many analysts identify market structure as an art form, constantly evolving from one phase to … Continue reading Basic Market Structure in the Forex Market
