From the category archives:
It is a well documented fact that within the “business” of trading the financial markets, as much as 90 % of the participants lose and continue to lose money. So if 90 % are losing, that therefore means that 10% are gaining each and every time.
In order to improve my own trading record, I deliberately [...]
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Understand candlestick patterns.The Bearish Gravestone Doji: Dojis appear very rarely in the candlestick patterns. A Doji is created when the opening and closing prices of the day are the same. It is very rare for the opening and closing prices for the day to exactly equal each other. However, the Gravestone Doji is formed when [...]
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Understand candlestick patterns.Hanging Man & the Hammer: If you see this pattern at the bottom of a downtrend, you are looking at a hammer! If it appears at the top of the uptrend, it is considered a hanging man. The hammer or the hanging man is identified by the small candle that appears at the [...]
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Understand the forex market.A moving average (MA) is one of the most basic technical indicators. It is an average of a predetermined number of prices such as the closing prices or opening prices calculated over a number of periods like 75 candles. The higher the number of candles in the average, the smoother the moving [...]
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Statistical charts and trends have been used for decades to study repeated patterns that lend to future forecasting and model predictors. They are fairly reliable and consistent. It is important to understand the market prices fluctuate with trends and learning to read Fx charts will help you perform better trades. The goal of charting is [...]
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