Day trading, as the name implies, means opening and closing positions within one trading day, without holding them till the next day. As a rule, this type of trading is popular among beginners, because they believe that the quantity will necessarily turn into quality, i.e., the more trades, the greater the profit made. It is also worth noting that it is novice traders most often go for violation of trading discipline and ignoring the trading plan because the pace of trade determines a quick decision making, which implies a certain experience...
Financial markets are built on the principle of making a profit by trading the difference between the buy and sell prices of assets. A universal asset is a currency. Even those who have never dreamed of dealing with the stock exchange know that currency can be beneficially sold during its growth in price or beneficially bought during a downturn. The winner is the one who is constantly aware of market trends, ready to act and has the necessary theoretical knowledge. The latter is the most difficult because no university prepares traders...
Every trader would like to know the future. Imagine: you can see exactly where the price is going to go and you plan your actions accordingly. Sounds good, doesn’t it? Well, time travel, even virtual, is not a thing yet. But you know what is? Market analysis. Studying the past chart data to predict the upcoming events comes in many forms and shapes. Today we are going to focus on one of them. Here is all you need to know about support and resistance levels in Forex trading. What is Forex market analysis? To fully understand what is...
What is a fractal? Recently, the term "Forex fractals" has been tightly accepted by traders. Everyone has been talking about it since 2001 after the publication "Trading Chaos". In this book, the author presented his vision of trading fractal (Charles Doe was the first to introduce this term, but he made it clear to a narrow circle of mathematicians). The availability of explanation and efficiency made it possible for most traders to use them. Fractals are used in technical analysis to build forecasts of price behavior...
Sometimes we find ourselves asking - is this a bear market? What do I do next? The confusion and uncertainty definitely take stronger presence during the bearish times, compared to the bullish ones. But Forex is completely double-sided, meaning that traders can equally profit from either price direction. Today we are going to discuss how to trade in a bear market and what you will need along the way.
