The Psychological Advantages of Set and Forget Trading Regimes

The Psychological Advantages of Set and Forget Trading Regimes

Forex trading is not just about numbers and having the know-how of how to trade, but also how psychologically prepared you are for it as a forex trader. To succeed in the trading game, a forex trader needs to be emotionally and mentally prepared for the trading game and the results that come from it. 4 Psychological Advantages of Set and Forget Trading Regimes Forex trading can lead to wins and losses and it is not known when any of the outcomes would come forth. Despite there being predictions of the trading game from the assessments of the forex market Continue Reading →

All about Fibonacci Retracements and Fibonacci Ratios

All about Fibonacci Retracements and Fibonacci Ratios

Fibonacci retracements are a common tool among traders and are based on the Fibonacci series identified in the 13th century by the famous Leonardo Fibonacci. The Fibonacci sequence is a set of numbers that is also related to nature, and also called the golden ratio. A Fibonacci retracement tool is used by technical analysts as a guide to the behavior of the market. Traders use the tool for identification of resistance levels, drawing support lines setting target prices, and placing stop-loss orders. During a technical analysis, Fibonacci retracement is done by picking a different extreme point on the stock chart, Continue Reading →

Amazing tips from to trade the pin bars in the market

There are many different types of trading strategy in the forex market. Trading strategy tends to vary from traders to traders. Though there are many types of system in the market price action trading strategy is considered to be one of the most profitable trading systems in the world. However, in order to trade the financial assets by using the price action trading strategy in the world, you need to make have a very clear understanding about the basic candlestick pattern. If you look at the professional traders then you will notice that all of them are trading the live Continue Reading →

General analysis about forex market: 26th December – 30th December

NZDUSD Technical analysis The NZDUSD has remained bearish in last trading week. Since The FOMC rate decision day, the pair was going down in the last eight trading day. The pair made new low in last week. The NZDUSD created the new lower low breaking the support of last June. The pair has been fueled up by massive selling pressure throughout the week. The price falls down nearly 375 pips in the last few days after breaking the 100 weekly moving average. The pair didn’t manage to find any key support level in near distance that’s why the market participated Continue Reading →

General analysis about forex market: 28th November -2nd December

EURUSD technical analysis There has been a nice sign of recovery in the EURUSD pair in last week as the pair formed a nice bullish reversal pattern in the daily chart after hitting the critical support level at 1.05151.The recent strength of the US dollar has pushed all the major currencies in the forex market towards a new low in the very beginning of the month of September however the ongoing strength of the green bucks has faded to a certain extent in the last week. If the critical support level at 1.05151 manages to give some fresh buying pressure Continue Reading →