Because of the delay the Heikin-Ashi chart has less number of false signals and prevent us from making false decisions. On the other hand, Heikin-Ashi candles are easier to read because unlike the candlesticks they don’t have too many different patterns. Some traders rely solely on Heikin-...
A forex chart is a graphic that illustrates the historical price movements of acurrency pairover time. Technical analysts and day traders use forex charts to identify patterns that may signal reversals, continuations, and favorable entry and exit points in the near future. Forex traders usecharting...
Since your trading strategy cannot predict trading patterns or the changes in trading conditions, the market can unexpectedly go against your predictions at any moment. As a trader, you might have the best trading system yet still run into losses when the conditions become adverse. This occurrence...
Even after you graduate from the School of Pipsology, you must constantly pursue as much knowledge as you can, so that you can become a true FOREX MASTER! The learning never ends! Are you ready to make that commitment? Now pop that green pill in, wash it down with some delicious chocol...
The “Wedge” pattern is a technical analysis tool in Forex similar to the “Triangle” pattern but both of its forming lines are facing in the same direction.
Bonds (Fixed-Income Securities): Debt instruments where investors lend money to governments, municipalities, or corporations in exchange for periodic interest payments and the return of principal at maturity. Forex (Foreign Exchange): The global marketplace for trading currencies, involving the exchange...
Examples of Third-Party Trading Software Most brokers have their own trading software, although some provide third-party software. For example, in the forex industry, many brokers have their own software, but many also provide MetaTrader4 and/or MetaTrader5, which is a commonly used third-party...
It’s important to estimate these expenses based on your historical spending patterns or create spending limits for each category. Savings and Investments: Allocate a portion of your income for savings and investments. Establish specific savings goals, such as an emergency fund, retirement fund, or...
Within technical trading there are many different types of trading methods to be used. One of these methods is Price Action trading, which is the system of using only raw price for analysis. Price Action involves tradinghigh probability price patternsthat form regularly. More information on price...
Analytics finds patterns in data to help make better decisions in areas like business, healthcare, and science. Important steps in analytics history include the creation of bar charts, the tabulating machine, SQL, and data warehouses. The four types of analytics – descriptive, diagnostic, predict...