Money Management in FOREX Investing Learning about money management in the world of FOREX is an essential tool that will help you steer clear of trouble. Mainly, money management pertains to a set of principles that you can apply when…
Understanding the trend To simplify things, use the charting function in your platform to calculate the trend line. Then, use the information reflected in the chart itself to determine the support and resistance levels. In particular, pay attention to the…
The Basics of Price Action To use Price Action strategy as part of your overall trading strategy, it’s important for you to become familiar with price charts. As we’ve mentioned, your platform can generate these for you using any timeframe…
Price Action Confluence When making use of Price Action as your main trading strategy, you can use confluence to devise your personal investment strategy. In the previous chapter, we discussed how you can use Price Action to determine entry and…
Analyzing the Market Being a successful FOREX investor requires a good dose of due diligence. This means analyzing the information that’s available on the market. In a manner of speaking, it’s like sports teams watching game film of themselves and…
Trading Cryptocurrencies Cryptos are not traded on the open market. This means that you need to go through a crypto exchange. These exchanges work in the same manner as FOREX does. The difference lies in that you are not trading…
Countertrend Confluence In this setup, you are working with a downward trend. As such, the main point here is to identify the resistance level as this point will indicate where you can expect the maximum profit to take place. Also,…
Engulfing Bar Candlestick Pattern In this strategy, we are going to be looking at the use of candlesticks as a means of determining price action and potentially identifying reversals. This strategy is highly useful when you are looking to track…
Basic Forex Terminologies In this section, we are going to look at three crucial terms that you need to become highly familiar with when trading in FOREX. Price in Points Price in points, or pips, are essentially the points that…
Trading Platforms Not all trading platforms are created equal. This means that you need to do your research when it comes to choosing a trading platform. The main differences lie in the analytics and resources that a platform has to…