Fibonacci retracement levels are nothing but some horizontal lines. These horizontal lines indicate the market’s support and resistance levels. Traders use these support and resistance levels to identify core points of the markets and make decisions according to them. I am giving you a practical example to clarify the facts. For example, If the USDCAD …
Newbies and many intermediate-level traders think that stochastic rsi and rsi are similar or both are the same indicators, but the reality is totally different. RSI is a derivative of price, whereas stochastic rsi’s formula is generated from RSI values. StochRSI is used to measure the strength and weakness of the relative strength index (RSI). …
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Divergence trading is compelling in forex. There are many indicators like MACD, stochastic, and so on. But Rsi divergence is simple to understand and take the trades correctly. What is RSI indicator-RSI definition RSI is a momentum indicator that was first introduced in 1978. Forex traders use this indicator as a technical analysis tool. Relative …
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RSI indicator is one of the most powerful technical indicators. In this piece of content, I will explain various aspects of this indicator and point out how you can ideally generate RSI indicator buy and sell signals. I will not only show you how you can produce rsi indicator buy and sell signals properly but …
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What is macd indicator MACD is the short form of moving average convergence divergence. Traders use the MACD indicator to detect a new trend. Whether it is bullish or bearish, it doesn’t matter; MACD indicates both trends. As a trader, there is no doubt that you often hear that “trend is your friend.” A considerable …
The double bottom pattern is a chart pattern. It indicates the change in the trend direction. So we can call it a trend reversal pattern or formation. Interestingly, the Double bottom pattern looks like the English alphabet “w.” If found at the bottom of a downtrend, this bullish reversal pattern indicates that the buyers are …
Both day trading and scalping are a form of trading style. Trade holing time duration and number of trades create the core difference. You should know day trading vs scalping key points as a forex trader. It will help you decide which type of trade you will take and what type of trader you are! …
How much do forex traders make is a hypothetical question, but we all want to know this question. Although the forex market is the most lucrative, when any starts forex trading, they get scared of this market’s complexity and uncertainty. In a second, you can lose your whole capital. Some get success with just 2 …
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There are many trading strategies, but the higher high lower low method is the most effective one. You can trade using this strategy in any type of financial market like forex, stock, crypto. What is Higher High and Lower Low When peaks and troughs ascend in any given period in any particular currency, we call …
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What is pip counter mt4 indicator ? Pip counter mt4 indicator is such type of indicator by which we can count pips. It works like an assistant tool to improve your day trading. Scalpers and day traders find pip counter mt4 indicator a must-need. It identifies current spreads, days high, days low, and the current …
Forex swing trading signals are the most effective signals. No matter what type of trader you are, scalper, position trader, or day trader, you must acknowledge that swing trading is the most time-saving and less-pressure technique. We find many lucrative advertisements for signal services that sell swing signals, and traders also buy them hoping to make a …
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Rayner Teo is a trader, blogger, vlogger, social influencer, mentor, and, most importantly, founder of the TradingwithRayner. As Rayner Teo is active both online and offline and gives numerous positive suggestions regarding trading, many of us have a great interest in him. Many wants to know about Rayner Teo net worth. Rayner Teo net worth …
Off quotes mt4 or mt5 are the most common problem in the MetaTrader platform. As forex traders, we all have already faced this problem. Many of us know how to solve the problem. Those who don’t know how to deal with the matter can get a complete guideline from this content. What does off quotes …
Many traders worldwide make a common mistake of thinking that ftmo is a broker. So they ask is ftmo regulated. But the fact is as ftmo is neither a broker nor a fund management farm. As this is not a brokerage or money management farm, who will control it or give it regulations? Is FTMO …
Mechanical rules for trading are a set of trading rules by following what you take trades. What’s happening in the market or what’s other analysts or traders are talking about is not your headache. You just follow your pre-determined trading rules, no matter what happens The benefit of mechanical rules for trading is they eradicate …
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There are many forex indicators, and elite algo is one of them. Many traders worldwide buy this indicator and are making a lot of money, while many also said that they are not making money using this indicator. So today, I will try to provide an honest Elite Signals Review for you, my respected readers. …
Matthew Thayer is a business magnet, forex mentor, fund manager & public speaker. He loves to travel to unknown places. He earned a vast amount of money trading and managing forex funds. Matthew Thayer net worth is roughly 13 million Dollars. All this enormous amount of money comes from the forex profession. Matthew Thayer Biography …
Standard and razor accounts are two different accounts of pepperstone broker. Pepperstone is a very popular broker, and so do its account types. Traders all over the world want to know the subtle difference between these two account types. So today, I will try to reveal every aspect of the standard vs razor account. Razor …
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There is no major reason that you won’t be able to download mt4 except two very silly problems behind it. One is most brokers don’t accept clients. If you are a resident of the USA, then you won’t find the option to download mt4. And another reason is you are downloading mt5 instead of mt5. …
Homma Munehisa invented the Candlestick bible. He is considered the first pioneer of candlestick patterns. He was the most successful forex trader of his time. He made more than 10 billion dollars trading with the strategies described in this Japanese candlestick bible e-book. Every market or system has a technical or special language to understand …
