The simpler, the better. That’s often the case with trading strategies. Here is an example of a strategy that can yield a strong return if you enter the market correctly. The strategy has been backtested with good results. We have tested it on 2-, 5-, and 30-minute charts in Dow…
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Candlestick charts were invented by Japanese rice merchants in the 17th century and were used to trade rice contracts from around 1710 onwards. Fundamentally, these are charts that contain more information than the classic chart, the line chart, and therefore also offer the possibility of reading the market in a…
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The MACD indicator is one of the most used indicators in understanding market development. The indicator is based on moving averages and their interrelationship. MACD is an abbreviation for Moving Average Convergence Divergence. The MACD indicator is based on three different time parameters, namely time constants for three moving averages.…
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Parabolic SAR (also called PSAR) is not a particularly widespread indicator among Nordic traders, which is a pity because the indicator can provide some exceptionally strong signals in a directional market, and the indicator is relatively easy to understand. At the same time, the indicator is ideal for use in…
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Currency trading is often referred to as forex or FX trading. If you have not heard of currency trading before, it is essential that you read this article thoroughly. Even if you don’t understand all the concepts 100%, it’s important to be familiar with them. If you feel unsure, you…
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is an EU-based broker that, since 2008, has offered CFD trading on a global scale via a user-friendly trading platform in virtually all types of assets at competitive prices. It is also possible to trade via MT4 and MT5. You should choose Markets.com for the following reasons: Sign up for…
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Many trading platforms include a technical tool called Andrews Pitchfork. It is a tool for technical analysis that can help analyze a trend. It was invented by the trader Alan Andrew, presumably sometime in the 1930s. Andrew was a student under the famous Roger Babson, who made a fortune during…
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The ABCD pattern is one of the most well-known patterns in technical trading. In a more advanced form, it is also known as Gartley patterns. The ABCD pattern describes a correction in the market with a wave formation either in a downward or upward direction. When the formation is completed,…
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Double bottoms and double tops are well-known patterns that often occur in financial markets. They frequently appear at the end of a trend, signaling the potential reversal of that trend. These patterns often take the form of a double bottom resembling a large “W” and a double top resembling a…
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In addition to the usual depiction of price charts in forms such as line charts or bar charts, many traders use a slightly more advanced and informative graph, called a candlestick chart or simply a candle chart. The chart is named after the individual columns, which resemble candles, and are…
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