Price Action is focused on the price movement, uses indicators scarcely, features simple and clear rules, it remains an efficient instrument in the hands of an experienced trader.
One of the set phrases of tech analysis goes: "The current trend will be developing until it reverses". It pushes us to the idea that every trend will finish and reverse sooner or later. In this article, we will learn to detect such reversals.
I think researches on trading systems is the main issue of building trading strategies. Our main goal is to build a strategy, which will be successful in the future and not only on backtests (curve-fitting). Thatis why I consider it right to start the topic with the description of the two approaches to the creation of trading strategies.
Gann became known for his “sniper” forecasts based on his unique trading method, which later transformed into a whole concept.
This post is more likely to be interesting for beginners, who are only groping their way in the world of investments and are only thinking of taking their first steps in this direction. Here I plan to talk about my vision of this topic and try to encourage the further study of investment options in more detail.
It is no secret that trading results on real and demo accounts always differ, the former results usually being worse. In other words, if you succeed in trading on a demo account, you should always make allowance for the real situation. The devil is in the different attitude to trading demo money and the trader's own money.
For successful work on financial markets, it is important to collect a set of rules. Most often, traders draft a plan on paper for no steep movements on the market to make them turn away from their goal. What is more, experienced investors advise to make a sort of a checklist with several questions, the answers to which will show if the time is good for opening a position or the trade is better skipped.
Stocks are one of the most popular investment instruments. Stocks are normally bought on the stock market via a broker. A broker is a company, a professional market player, that is licensed to make operations on the stock market for its clients.
On Forex, under a signal, we mean a complex of circumstances, indicators, and events that show the trader in which direction they should open a trade, in other words, whether they should buy or sell.
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 […]