It is a must that every trader should develop their own trading strategy. Without such strategy you will never know when to open and close a trade. What is more, it will be extremely difficult for you to analyse your mistakes and follow the progress of your trading in order to control all the associated…
We have been trading using support and resistance levels. Someone calls them pivot levels, some horizontal lines, but the essence behind it does not change. We are often asked how we determine what level is strong, and what is weak? Which level we should take into account and which not ? In this article we…
Support and resistance are fundamental concepts in technical analysis that help traders determine potential price reversal levels. These levels act as psychological barriers where price action tends to react, making them essential for trading strategies. Understanding how to identify and utilize these levels can significantly improve trading decisions and risk management. What Are Support and…
Introduction to Forex Trading Forex trading, also known as foreign exchange trading or FX trading, is the global marketplace for buying and selling currencies. It is the largest and most liquid financial market in the world, with an average daily trading volume exceeding $7 trillion. Forex trading operates 24 hours a day, five days a…