Buy cheap and sell expensive – the basic principle of the speculator. The concept of the speculator has a bit of a negative connotation, probably because speculators do not produce anything or do not offer any services, but simply make profits from the difference in prices when buying and selling. But we should not feel…
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…
The first step in becoming a successful forex trader is creating your own productive trading strategy. However, creating a successful strategy takes a considerable amount of time. Apart from that, you will need to have a good understanding of the market, an excellent trading discipline, trading plan, self-control and the ability to accept losses. The…
When it comes to forex trading platforms, traders often face the dilemma of choosing between the most popular options available in the market: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Each platform offers unique features, tools, and functionalities, making it important for traders to understand their differences before deciding which one best suits their…
In the world of forex trading, different traders employ various strategies to capitalize on price movements. These strategies vary not only in the time frames they focus on, but also in the level of involvement required. Whether you are a beginner or an experienced trader, it is essential to understand the differences between scalping, day…
In the world of forex trading, where volatility is the norm and the market operates 24 hours a day, having a clear and effective strategy is crucial to success. One of the most important concepts that every trader should understand is the risk-reward ratio. It’s a simple yet powerful tool that helps traders make informed…
Elliott Wave Theory is one of the most powerful and widely used methods of technical analysis in Forex trading. Developed by Ralph Nelson Elliott in the 1930s, the theory is based on the idea that market prices move in repetitive cycles influenced by investor psychology. Understanding and mastering Elliott Wave Theory can provide traders with…
Introduction to Bollinger Bands Bollinger Bands are one of the most popular technical indicators in Forex trading. Developed by John Bollinger in the 1980s, this tool helps traders assess market volatility and identify potential trading opportunities. The indicator consists of three lines: These bands expand and contract based on market volatility, providing traders with key…
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 Smart Money Concept (SMC) Smart Money Concept (SMC) is a trading methodology that focuses on institutional trading strategies and market manipulation tactics employed by banks, hedge funds, and other large financial institutions. Retail traders often follow traditional indicators, while smart money traders analyze price action, liquidity, and market structure to capitalize on institutional…