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The key difference lies in the market conditions they suit. Head and shoulders are great for trend reversals, while double tops/bottoms indicate a shift after key level breaks, and triangles show consolidation before a breakout. Profitability depends on market context and your trading strategy.

RSI helps identify overbought or oversold conditions, moving averages reveal trends and potential reversals, while candlestick patterns signal market sentiment shifts. Using these indicators together can provide clearer entry and exit points, enhancing decision-making in trades.

Can you specify the actual reasons? It seems that Forex is much more volatile than other markets how come commodities moves even thousands of pips a day?

Many people struggle with trading or investing because of fear and lack of effort. Focusing on developing unique skills is a wise approach—skills that are in demand can provide stability, regardless of market conditions. Investing in yourself is often the most rewarding long-term strategy.

Most traders lose money due to lack of proper education, poor risk management, and emotional decision-making. Many fail to develop a solid strategy, chase quick profits, or over-leverage their positions. Additionally, insufficient market analysis and ignoring market conditions can lead to...

There’s no single best strategy—what works depends on market conditions and personal goals. Strategies like trend following, scalping, or swing trading require continuous research, backtesting, and adjustment. Ensuring a solid risk management plan is essential to navigating the ups and downs of...

These are great points for placing stops effectively. Ensuring your stop aligns with key market conditions, like swing points or trade invalidation levels, is crucial for minimizing frustration. Using reasonable stop distances, in line with your risk management plan, helps avoid excessive losses...

As a beginner in forex, start by learning the basics of currency pairs, market analysis (both technical and fundamental), and risk management. Practice on a demo account to build confidence without risking real money. Focus on developing a solid strategy, and gradually gain experience before...

Using too many indicators can lead to confusion and frustration. It's best to choose a few reliable ones that complement each other, helping you make clearer, more informed decisions without overwhelming your analysis or creating conflicting signals.

I agree with you that demo accounts are essential for learning and honing skills without risking real money. They provide a safe environment to test strategies, develop discipline, and reduce emotional pressure. Once confident and consistent, transitioning to a real account can be done more...

Many funding firms offer opportunities for traders to become funded by passing evaluation challenges. Popular ones include FTMO, TopStep, and My Forex Funds. Research reviews, terms, and success rates before joining. Ensure the firm has a transparent track record and offers reasonable conditions...

Your strategy seems interesting, focusing on correlated pairs and using divergences. The challenge lies in quantifying the divergence strength (Point 2). You could use statistical methods like correlation coefficients or Bollinger Bands to measure divergence. For position sizing, calculate based...

This system is based on swing trading with non-repainting indicators and simple rules. It works on M30, H1, and H4 timeframes, offering an 85% win rate with a 1:3 risk-to-reward ratio. The strategy is compatible with any asset on MT4 and exclusively designed to function on the MT4 platform.

The best forex pairs for beginners are typically the major pairs like EUR/USD, GBP/USD, and USD/JPY due to their liquidity and lower spreads. As for the timeframe, starting with a 1-hour or 4-hour chart is ideal. These provide clear trends and manageable volatility for new traders.

It's understandable to feel frustrated with trading, but it's important to stay calm and focused. No single indicator guarantees success for Boom and Crash. Instead, focus on combining multiple tools—such as moving averages, RSI, and price action analysis—along with solid risk management...

Good analysis alone isn't enough to succeed in trading; solid money management is crucial. Without it, traders often win small and lose big. A well-thought-out trading plan ensures consistent risk control, protects capital, and maximizes profits. Combining good analysis with strong money...

A structured trading routine is crucial for maintaining discipline and consistency. It helps minimize emotional decision-making and ensures a consistent approach. Habits like reviewing market conditions daily, setting clear goals, using stop-losses, and sticking to a trading plan keep me focused...

To use indicators successfully, combine them with a clear strategy, such as trend-following or reversal. For time frames, short-term (5-15 minutes) suits scalping, while longer ones (1-hour, 4-hour) work better for swing trading. Experiment with popular indicators like RSI, MACD, and moving...

Common pitfalls for beginners include overleveraging, emotional trading, and lack of a solid plan. To avoid these, set realistic risk management rules, stick to a well-defined trading strategy, and control emotions. Always start small, practice patience, and continuously review and learn from...

I'm sorry to hear you're feeling stressed. Losses are tough, but they're part of the learning process. Take a break, reflect on what went wrong, and use it as a lesson to improve your strategy. Focus on risk management moving forward, and remember, consistency and discipline lead to success.