What Is a Trendline? Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.
Smart money concepts trading does seem to work for some traders. If it works for you, there is no reason not to use it. Being able to consistently grasp what price is doing and profit from its behavior is more important than knowing why price is moving the way it is.
Trend lines are the diagonal lines connecting the lows of the candlesticks in an uptrend and the high
of
the candlesticks in a downtrend. It is one diagonal form of support and resistance levels. It is drawn
when the price moves in a zigzag direction but is continuing in one direction of the...
Liquidity is what moves the market. Liquidity and liquidity pools are created and targeted by the markets and a lack of understanding on this topic is the main reason why the trading mind fails even if the analyst mind is correct. Traders who have been victim to their stop losses being taken by...
Liquidity is what moves the market. Liquidity and liquidity pools are created and targeted by the markets and a lack of understanding on this topic is the main reason why the trading mind fails even if the analyst mind is correct. Traders who have been victim to their stop losses being taken by...
The Secret to Profitable Forex Trading: Trendlines and Channels
Trendlines and channels are some of the most effective tools that improve the chances of profitable forex trading for forex traders. In this article, I would be helping you understand the proper way of using this trading strategy to...
MetaTrader 5 is a widely used trading platform for Forex and especially CFDs. It is more powerful than the MetaTrader 4 platform, offering enhanced social and copy trading features, as well as better back testing and analytical functionalities.15 Jun 2023