The bottom line of forex trading is that the market is not your friend. Even if you have a great trade setup and are profitable, you could still lose your trade. This is a normal part of forex trading, and a loss can teach you a lot. Learn how to evaluate the market and make…
Popular Stop Loss Strategies
A time-based stop loss strategy may be used in addition to a volatility stop or a confluence stop. The time-based strategy helps traders place their stop losses relative to the market at a specific point in time. For example, if a price is trading above its moving average, it might be worth using a time-based…
How to Use Range Strategies in Your Trading?
Before you can begin using range strategies in your trading, you must learn the basics of technical indicators and time frames. In addition, you should understand what breakouts are. This is because they help you identify potential targets in the market. However, the downside to range trading is that you will not get clear market…
All About Investing in Cryptocurrencies
Cryptocurrencies are a popular way to invest in the financial world. You may have heard of Ethereum, Dogecoin, Cardano, XRP, and Solana. But before you buy these coins, you should know the risks and rewards involved. Remember, these unbacked investments could be worthless one day. You must think about future gains and losses, and what…
The Disposition Effect in Trading
A good financial performance requires good decision-making. An adroit investor would cut assets that are losing money and keep winning ones. However, if the disposition effect is a factor, you may end up with more losses than gains. This is why the best way to avoid the disposition effect is to have a comprehensive view…
How to Use the Andrews Pitchfork in Trading?
Andrews’ Pitchfork is an indicator that reacts quickly when the price touches the lines on its chart. To use this tool, you must first choose your reference points: Low-High-Low, for a bearish trend, or High-Low-High, for a bullish trend. Then, based on these points, you will insert the Andrews Pitchfork on your chart. This indicator…