Fibonacci is one of the tools that Forex traders often use. Let’s figure out how the Fibonacci instrument works. Leonardo Fibonacci, a mathematician from the 1300s, came up with a set of numbers (0, 1, 1, 2, 3, 5, 8, …
What Is the Bollinger Band Indicator? A Bollinger Band is a technical analysis tool consisting of a set of trendlines drawn to two standard deviations (up and down) from the simple moving average (SMA) of an instrument’s price. Traders can …
Traders often seek indicators to help them determine when they should enter the market. A crucial piece of information for traders is an estimate of how far the market is likely to move before it reaches an area of congestion. …
In a field where many praise continuous movement, many forget that pushing back is also a strategy. As a trader, your capital is your most valued asset and once it’s gone, it’s never coming back. Thankfully, there are ways to …
Candlestick charts existed in Japan for a century before the West even created what we now know as the bar and point-and-figure charts. Steve Nison eventually introduced the candlestick pattern to the West through his book, “Japanese Candlestick Charting Techniques,” …
What are Japanese Candlesticks? Candlestick charts are a popular tool used in technical analysis. They are often used to determine possible price movements based on past patterns, during both bull and bear markets. The concept originated in 1700 when a …
Being a trader is not an easy job because you need to learn all the strategies necessary to help you make the right decisions on every trading day. One of these is knowing how to predict market turning points. Although …
A moving average is one of the simplest ways to analyse the market and predict future price movements. They’re easy to use, which makes them a great first step for new investors. But even if you’re an experienced trader, moving …
Successful trading doesn’t happen overnight. You need to learn many concepts and strategies to build a good foundation on which you would base your decisions every trading day. In technical analysis, the moving average is one of the most crucial …
You hear these words a lot from traders—support and resistance. And if you’re new to trading, you’re probably wondering what they mean and how they can help you make the best trading decisions. In its essence, support means that a …