The foreign exchange market, also known as forex, is the largest financial market in the world, with a daily turnover of over $6 trillion. It is no wonder why many novice and experienced traders are drawn to this market. However, navigating the complex and volatile world of forex trading can…
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Candlestick charts were invented by Japanese rice traders in the 17th century and were used for trading rice contracts from around 1710 onwards. Fundamentally, these are charts that contain more information than the very classic chart, the line chart, and therefore they also provide an opportunity to read the market…
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As a private trader, one often sits alone struggling with both trading sensibly and building strategies from scratch. But it doesn’t have to be that way. The internet is full of signals, algorithms, and robots that can provide a foundation for your trading, and many traders have fully or partially…
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The path to becoming a profitable trader can be longer than most people think. Many new day traders deposit 10,000-20,000 into their trading account, trade intensively for a few months, lose their money, and never return. If you’re a new trader who wants to avoid common mistakes, or if you’ve…
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The CoT indicator is a useful tool for trading forex, which surprisingly is only used by a small number of traders. The indicator is based on the reports published by the Commodity Futures Trading Commission (CFTC) every Friday. The CFTC report can be used by traders to identify potential significant…
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‘Keltner Channels’ is an indicator that measures market volatility. The original Keltner Channels were described by trader Chester Keltner in a book from 1960. However, the indicator has since been modernized, so today it closely resembles the Bollinger Bands© indicator, which is more well-known. Keltner Channels consist of three lines:…
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The correlation strategy can help you determine the direction of your swing trades. In the following description, we use the correlation strategy in forex pair trading, but the correlation strategy can also be used for directional analysis across indices, commodities, etc. The correlation strategy involves finding two prices that follow…
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This strategy is based on the expectation that the price of gold often moves quickly up or down, after which the price levels out again within a few minutes or at most 1-2 hours. We’ve named the strategy “Fakemove” because these movements in gold can be considered “fake moves” –…
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When the stock market falls significantly, it can be especially tempting to buy quickly. You don’t want to miss the “unique” opportunity at a good price, and in the rush, you may forget both your common sense and your normal analyses. In trading, they say you’re trying to “catch a…
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Do you often dream of having bought a stock before a significant price increase? Well, there’s good news for you here because in this article, we present a thoroughly tested strategy that helps you get into a stock before a potential explosion in its price. Let’s look at how, using…
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