Author: Andrey Goilov

Higher economic education. Has been working on the Forex market since 2005. A financial analyst and successful trader. Preference in trading is highly volatile instruments. A member of RoboForex Analytics department, writes short- and long-term reviews for the company’s clients, publishes analytical materials on financial markets. Adheres to classic approach to technical analysis. Holds daily webinars on trading and creating educational materials for RoboForex.

What You Need to Know to Make Money on the Stock Market?

As a matter of fact, the stock market is one of the most promising ways to get profit provided that you have seed money. This factor is very clearly described in a movie called “Limitless”. The main character takes a new nootropic, which makes his brains extremely powerful. Using these abilities, the character earns a pile of money in a very short period of time. and the stock market is exactly the place where he accomplishes it.

False Breakouts on Financial Markets: How to Detect and Use?

What is a false breakout? Types of false breakouts Bullish trap Bearish Trap False breakout of a flat How to detect a false breakout? How to use false breakouts? Closing thoughts In certain cases, it might be unclear to the trader whether there has happened a breakout of the resistance level and, hence, the bullish […]

Trading Against the Trend: Highlights, Risk Management

Trading against the main trend entails lots of difficulties and additional risks. As a rule, the trader in such a situation tries to catch a correction; however, it would be more efficient to wait for the completion of the current trend and enter a trade in the new trend. Even the most high-quality signal or pattern always realizes if it goes against the main trend. The trader has to be as attentive as possible and control risks if they try to enter trades against the main movement or catch the completion of the latter.