Fibonacci numbers are a widely used – and highly debated – tool for predicting price movements in financial markets. Day traders frequently employ them, though never as the sole indicator. Typically, Fibonacci tools should be combined with other elements of technical analysis to achieve favorable results. This approach ensures a…
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In the fast-paced world of financial markets, day trading stands out as a strategy driven by precision, discipline, and a keen understanding of market dynamics. At the heart of this approach lies the quest to identify the best stocks that offer significant profit potential within a short time frame. Finding…
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In the fast-paced world of day trading, staying informed and organized is not just an advantage—it’s a necessity. With the myriad of tools available, it can be overwhelming to choose the right one to track your trading activities effectively. Enter Myfxbook, a powerful and user-friendly platform that stands out in…
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What is Price Action? Price action refers to the fluctuation in a security’s price as it is charted over a period. It is the foundation upon which all technical analysis of stock, commodity, or any asset chart is built. Short-term traders often depend solely on price action, drawing on the…
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Trading Contracts for Difference (CFDs) has become a popular way for investors to participate in the movement of asset prices without owning the underlying assets. CFDs offer traders the opportunity to speculate on price movements in both rising and falling markets across a wide range of financial instruments, including stocks,…
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The COT (Commitment of Traders) indicator is a powerful forex trading tool, surprisingly used only by a minority of traders. The indicator is based on the reports published by the Commodity Futures Trading Commission (CFTC) every Friday. The report from the CFTC can be used by traders to spot potential…
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When prices move sharply up or down, diving headfirst into the market is tempting. However, trading based on emotions often ends poorly. Therefore, we have found a simple strategy that can help most day traders “keep a level head” – at the same time, allowing you to participate effectively in…
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