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Fibonacci levels are another popular technical analysis tool. Fibonacci was a 12th-century mathematician who developed a series of ratios that is very popular with technical traders. Fibonacci ratios, or levels, are commonly used to pinpoint trading opportunities and both trade entry and profit...

Imagine, the price makes a strong bullish move into resistance—and breaks out higher. At this point, many traders have this thought process… “The market is so bullish” “Look at how big those green candles are!” “It’s time to buy!” So, this group of traders buy as the price breaks above...

Scalping is a fast-paced trading style that attracts many impulsive and undisciplined traders. Ironically, to master the art of scalping, a trader needs to be very disciplined. The main difference between scalping and swing trading are the timeframes involved in analyzing the market. You can...

The break of structure is a reversal price action pattern that allows you to enter the start of a new trend—with low risk. Here’s why it works: Imagine, the market has been in an uptrend over the last 200-candles. But as you know, the price cannot go up forever. Eventually, the market gets...

To avoid the problems associated with multicollinearity, traders should select indicators that work well with, or complement, each other without providing redundant results. This can be achieved by applying different types of indicators to a chart. A trader could use one momentum and one trend...

Many of today's traders use multiple monitors in order to display several charts and order entry windows. Even if six monitors are used, it should not be considered a green light to devote every square inch of screen space to technical indicators. Information overload occurs when a trader...

Since a trader's charting platform is his or her portal to the markets, it is important that the charts enhance, not hinder, a trader's market analysis. Easy-to-read charts and workspaces (the entire screen, including charts, news feeds, order entry windows, etc.) can improve a trader's...

Most novices follow the herd when building their first trading screens, grabbing a stack of canned indicators and stuffing as many as possible under the price bars of their favorite securities. This "more is better" approach short circuits signal production because it looks at the market from...

when trading the forex market, please be cautious of wat you are doing dont allow greed take over you, also the fear of failure should not make you loose good opportunities as well, be carfeul and trade with care thansk guys