The All-Star RSI indicator is probably one of the indicators you heard about on your quest for more knowledge about Forex Trading and trading in general. Prepare for shock and awe. The RSI indicator is the fraternal twin sister of the stochastic indicator which means, most people have also been using this indicator the wrong way!
Trading is about edge which, is basically your Win rate against your average RR. Using Multiple Time-Frames (TFs) can help your trading improve significantly by increasing your win rate. Your decisions are much clearer when they are based on the “Bigger picture”. The “Bigger Picture” is only clear when you can see the WHOLE picture of a single instrument. This is what Multiple Time-Frames can help you do. Now that you know why you should use Multiple Time-Frames, let’s break down how…
For the longest time, I never understood what market structure referred to and how exactly you would trade that as a trader, with or without experience.
Market structure is simply support and resistance on your charts including swing highs and lows. These are levels on your chart attracts the most attention.
Bulls and bears are two of the most used words in all trading, including Forex. Without an understanding of these terms, a new trader can be left asking what animals have to do with financial markets? The purpose of this article is to explain what these terms mean and show how they are used in Forex trading.
Growing up, I played a game and in this game, you had to swim to the bottom of the pool and collect as many coins as you could. Whoever had the most coins, (had the most money) won. With this game, the easiest way to win was to go where most of the coins were or at least where you saw the most coins piled up. You’re probably thinking this has nothing to do with trading Forex markets, yet alone trading technical analysis with confluence, also known as confluence trading by the way.
Not what you think
The stochastic indicator is very popular and a lot of beginners are drawn to it for its clear “Over-bought” and “Over-sold” signals, but a lot of them don’t know what it actually indicates.
The stochastic indicator ladies and gentlemen…
Knowing the types of market environments is not rocket science but identifying the environment in real-time can be difficult. If you want to know the types of market environments and how to access the conditions, then read on.
There are only 2 main types of market environments, trending markets and ranging markets.
Think of trading in probabilities! This is one of the most used statements in trading education, the reason being it is true. But what does “think of trading in probabilities” mean. By the end of this article, you will have an understanding of how probabilities apply to the market and why focusing on the odds in trading will make you more profit.