You’ve placed the trade. The setup looked clean. Market structure was right, the level was clear, your entry made sense — and then price swept straight through it and reversed without you. If that sounds familiar, there’s a good chance you were trading support and resistance the way retail traders are taught. And there’s an…
Gold continues its multi-week recovery from the March 26 lows, now trading around $4,830 — but price has entered a well-defined supply zone between $4,836 and $4,882. With weekly momentum still pointing upward, the question for today is whether bulls can absorb the overhead selling pressure or whether a corrective pullback is due first. Market…
Trading is something that you have to be sure about before investing in. These days there are numerous places and ways that you can trade in. It is quite overwhelming for a newcomer in the industry. But you can test the waters in almost everything to get yourself acquainted with your forte. The most common…
Understanding the idea behind pending orders in the Forex market can seem at first a rather difficult task for beginners. We will explain the way they are used and why they are more complex compared to the usual market orders. Pending orders allow traders to automate the trading process and monitor the market even when…
Even though, gaps in the Forex market are quite rare, you need to know what they are and how you can use them in your trading. But firstly, we need to understand what a gap is. “Gap” is an empty space on the price chart. Imagine the price moving smoothly up, and then there is…
The Fibonacci indicator is very often used by traders when trading in the Forex market. Fibonacci levels are very versatile in their application, so it is not surprising that so many strategies include this indicator. Fibonacci levels are not just an indicator, there is a whole philosophical concept, behind which lies the mathematical justification. You…
If you’re planning to venture into the Forex market, one of the most important decisions you’ll make is choosing a reliable and trustworthy Forex broker. With over $4 trillion traded daily, the market is full of brokers claiming to be the best. But not all brokers are created equal. This guide will help you identify…
Entering the Forex market is pretty much simple as you just need to have some money and you become a Forex trader in minutes once you find a forex broker. But to become a successful forex trader, it takes a lot of skill, patience and experience in trading. A successful trader makes good profits with…
In forex trading, two important things that are really important to your success is your knowledge and experience with the system and also a good trading platform to conduct your trade. Another important factor that ascertains your success to a great level is Forex Signals. Traders involved in forex trading need to have some knowledge…
Whether you’re a beginner or an experienced trader, avoiding common mistakes is key to long-term success in forex trading. Many traders fail not because they lack knowledge, but because they repeat the same costly errors. In this guide, we’ll highlight the most frequent mistakes traders make and how to avoid them. 1. The Desire to…