Learn the ins and outs of forex trading with our educational resources and expert guidelines.
Whenever you feel like quitting, step away from your chart/trading platform, review your data, find the real root cause of your problem, and decide. Never decide in the heat of the moment. Let us share with you in more detail how to handle the instinct to give up. 1. Recognise what type of ‘quitting feeling’...
To trade sideways markets (SM) successfully, you must recognise when price is moving within clearly defined support and resistance levels (a valid horizontal channel). Some traders profit by buying near support and selling close to resistance. Others may stay on the sidelines and wait for a confirmed breakout (with the expectation of a strong next move). Speculators...
An Inside Bar (IB) is a two-candle formation on a trading chart where the second candle (the smaller/Inside Bar) forms completely within the high and low of the first candle (known as the large or Mother Bar). Note: If the high and low of both bars are equal, then it is NOT an IB. IBs often portray...
Concentration in trading is a skill that can be improved through minimalism, quality sleep, healthy nutrition, setting your goals, and more. It is the act of staying mentally engaged with the market and making decisions without “interference”. Let’s throw more light on the ways you can boost your focus and make your experience better. 1. Prioritise...
To gain a solid understanding of prop trading, you must learn its core principles and foundational concepts. Let’s examine some key terms every new trader should know. Trading environment Simulated trading: This means using virtual funds to speculate in an environment that mimics real market conditions. It is important to note that most “funded accounts” are...
