These scanners are the most valuable tools for a day trader, and I had my development team build them right into our Chat Room software. Once the scanners give me an alert, I then review the candlestick chart and try to get an entry on the first pull back. Most traders will buy in ...
Day trading using candlestick charts is particularly popular as they provide more information than a simple line chart. However, their complexity might overwhelm beginners, requiring familiarity with candlestick patterns for effective analysis. Heikin-Ashi Chart ...
Traders can customize charts according to their preferences, add multiple indicators, draw trendlines, and utilize various chart types (Candlestick, line, bar, etc.). TradingView is ideal for active traders who are committed to their trading and are prepared to make a little money for premium ch...
Forex trading for beginners is extremely hard, it requires hours of hard work. Traders need to stay updated on the news daily. Developing and testing new strategies also takes a lot of time. All in all, it’s not something people can do in a week. It could take months, and sometimes ...
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In this post, I’m breaking down eight trading chart patterns and setups that I use in my own live trading. These are real strategies I apply every day — not textbook theory. Whether you’re just starting out or refining your edge, these are the patterns I’d put at the top of ...
Below is an example of EUR/USD downtrend on 4-hour chart, which is moving along the short term moving averages. Reversal Patterns:Traders who trade reversal patterns are trying to identify turning points in the FX markets. For example, let's say that the DXY has gone up by 14% in 5 ...
One way to add context to a chart is with the help of studies. Studies overlay additional data that some traders use to find potential trends and attempt to identify entry and exit points for trades. The thinkorswim platform includes more than 300 studies that can be added to charts. The ...
Learn how to Day Trade with expert tips and tutorials for beginners. We list all the best brokers with comparison tools and detailed reviews.
I’ve been using Gunbot for quite some time, and it has been a solid trading tool for me. The interface is easy enough to pick up, but it’s definitely not for complete beginners with no trading experience. You still need to think things through and apply your own knowledge to get the...