Category: Technical Analysis

Hanging Man Candlestick Cover

As a Forex trader looking for profit opportunities, you need to learn how to identify market reversal patterns. The hanging man is a clear example of a potential reversal that may occur at the top of an uptrend.  The hanging man is a bearish price formation that consists of a single candle with a small body […]

Capturing market reversals by trading an Inverted Hammer Candlestick is one of the top skills you need to develop as a Forex trader. This pattern is very attractive since it offers a chance to enter a trade at the beginning of a new trend, increasing the chances of getting profits. The Inverted Hammer Candlestick is […]

How to Trade the Wedge Patter in Forex

The wedges are one of the most common patterns in Forex trading. Also, it is one of the most familiar figures in Forex as it consists of two converging trend lines that can be easily spotted in a chart.  Essentially, a wedge pattern is a price formation that consists of two converging trend lines, which […]

Best Forex Indicators

Forex indicators are a big part of technical analysis and they offer some wonderful uses for traders. These include being able to quickly and easily spot trends,  to give trade ideas, to create trading signals to give entry and exit points, and they even confirm those signals, further taking the guesswork out of trading. Some […]

Vital Forex Trading Tools All Forex Traders Need

The life of a Forex trader is full of unpredictable events. You never know when a central banker says something that moves the market. Therefore, the need of having a set of Forex trading tools arises. Before anything, don’t think of Forex trading tools as being only technical ones. Instead, think of the sum of […]

How to do Forex Scalping with Heikin Ashi Candles

Yet another Japanese concept, the Heikin Ashi candles provide a great setup in both swing trading and Forex scalping. When the Western technical analysis world met the Japanese approach, it was stunned to find out the simplicity and the power of the Japanese candlesticks. As it turned out, the Japanese traders used candlesticks patterns to […]

Correct Placement of Stop Losses in Your Forex Trades

One of the biggest things in trading is the placement of stop losses in your trades. Part of any money management system, stop losses orders bring discipline to Forex trades. Many traders choose not to use stop losses orders. At all. The reasoning isn’t that bad. They fear brokerage houses interfere with market activity. And, […]

Best Way to Use Support and Resistance with Price Action

Support and resistance are the basis of price action trading. Part of any technical analysis 101 course, every trader goes through them. Moreover, throughout a trader’s life, both price action and support and resistance levels will follow his/her analysis. And, for a good reason. They’re reliable, rarely give false signals, and keep the trader on […]

Determining Proper Position Size in Forex Trading

Part of money management, position trading and position sizing in Forex determine the profitability of a trading account. Many try, few succeed. Traders bear enormous responsibility. From the moment they fund the trading account, suddenly become money managers. Like it or not, this is the reality. However, managing money is not for everyone. Traits must […]

Best Trading Approach - Higher Risk Reward Ratio vs Higher Win Rate

This article is about profit. More precisely, how to use the Forex market to get a high reward from a trade. But does a high reward come with a high risk? And, if yes, what is more efficient? A constant high win rate or a high reward as part of an appropriate risk-reward ratio? In […]

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