Beginner Technical Analysis

How To Trade The Head And Shoulders HS Pattern

How To Trade The Head And Shoulders (H&S) Pattern

Head and shoulders (H&S) refers to a popular technical analysis pattern used to trade market reversals.
A classic head and shoulders indicates the probable end of an uptrend proceeded by a downtrend. Inverse head and shoulders also occur in markets, and these suggest that a downtrend should come to an end followed by an uptrend.

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Forex Vs. Indices

Forex Vs. Indices

Forex Trading? Stock trading? Indices? What’s the difference?
Do they make you money or not? That is the question you should be asking. Whether you’re a forex trader, a stock trader, or a dedicated indices trader, you need to have a green bottom line. I’m writing an article on these different types of trading because recently there’s been a spike in volume in indices, so more people, naturally, are trading them. Should you?

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What Is A Pip In Forex Trading - TradingView Chart

What Is A Pip In Forex Trading?

Pip is an acronym for “price interest point” or “percentage in point”, which is a price change of 1/100 of 1% or one basis point. This represents the smallest possible change in an exchange rate.
The majority of Forex pairs are quoted up to 4 decimal places i.e. a pip is the last of those 4 decimal places.

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William Percentage Range Indicator

William Percentage Range Indicator

As Forex traders, we often learn different things from mentors, teachers, and “experts”. Even though knowledge is shared continuously, many indicators are hardly ever mentioned.
It is almost impossible to find in-depth information about these indicators and what works best with them.
In this article, we will take a look at the William Percentage Range indicator.

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How To Trade Flag Patterns

How To Trade Flag Patterns

Flag patterns are a form of consolidation that occurs during market trends. Breakouts from these patterns favor trend continuation, so flags are considered retracements within a prevailing trend.

A bullish flag pattern indicates that an uptrend is likely to continue, while a bearish flag pattern suggests that a downtrend will continue.

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Forex Market Weekly Open And Close

Forex Market Weekly Open And Close

This is very much a beginner topic, but I think it is essential to learn about the market open and close because trading mistakes made during these times can be avoided, as long as you are aware of them.

To start, I want to point out that the Forex market is not the same as the stock market in terms of when the market closes and opens.

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Trading The Rising Wedge Pattern

Trading The Rising Wedge Pattern

Today we will look into the rising wedge pattern which occurs in the markets when price contracts in a specific direction. On a chart, you will observe a trendline underneath price and channel line above.

Within the wedge, the market still has bullish momentum, but breakouts out of this pattern can occur in either direction.

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2 Ways To Gain A Positive Expectancy (Edge)

2 Ways To Gain A Positive Expectancy (Edge)

There are two ways most traders achieve a positive expectancy (get the probabilities in their favor). These can be used separately or together to gain an edge but the logic is simple – You either FOLLOW THE TREND or trade using CONFLUENCE.

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Volume In The Forex Market

Volume In The Forex Market

Volume refers to the amount that a financial instrument has been traded over a specified period. In the Forex market, this would be how much a certain currency pair has been exchanged. For example, traders will analyze the volume of EURUSD over a 4-hour timeframe.

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