Support and resistance levels are fundamental concepts in trading, applicable to both long-term investments and short-term day trading. Both levels represent points on the chart where the price tends to halt and, in some cases, reverse direction. Therefore, many traders use these as potential points for buying or selling, especially…
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Getting into the world of forex trading can be as exciting as it is daunting, with one of the most critical decisions being the choice of a broker. This choice can significantly influence your trading experience, your access to the markets, and, ultimately, your success in forex trading. Selecting the…
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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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Embarking on the journey to become a profitable day trader is akin to navigating the rapid currents of the financial markets – it requires skill, discipline, and an unwavering commitment to continuous learning and strategy refinement. Day trading demands a comprehensive understanding of market trends, an aptitude for quick decision-making,…
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