The Pattern Pulse - 25 April 2024
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- April 25, 2024
If you’re like most people, your goal is to make some money with trading. Investing in forex or stocks are both great options but you probably want to know which of the two is better. The reality is that there’s no definite better choice, and your decision should be based on the trading type that’s
READ MOREFibonacci numbers, when applied in technical analysis through Fibonacci retracement and Fibonacci extension, are one of the most prolific techniques traders use to qualify or disqualify forex trades. In this article, we’ll look at how both retracement and extension work, and how you can use them in your own trading. Fibonacci retracement Fibonacci retracement is
READ MOREOf all the precious metals, gold has maintained its popularity as an investment. Perhaps this is due to its long history as the first form of money. Societies and economies have placed value on gold throughout the centuries, therefore preserving its worth. What makes gold special? Gold was used as the base for the gold
READ MOREThe days of not finding women in senior financial leadership positions are coming to an end. Investors are starting to view gender-diverse companies as more innovative and ethical with an increasing number of women taking on top roles. Here are six powerful women who are paving the way forward in finance. 1. Abigail Johnson American
READ MOREThere is no single formula for success in the financial markets. That is why each trader has their own trading approach. But what sets pro traders apart from everyone else? What gives them an edge in the markets? Here’s how pro traders trade. 1. They have a plan The professional trader has a detailed trading
READ MOREHow do you explain traders desperately buying at high prices as stock prices continue to rise? Or, those who buy Bitcoin at a very high price – even when they are unsure what cryptocurrency is? The markets are fast-paced and require real-time reactions. This can become psychologically overwhelming, especially when the markets are experiencing exceptionally
READ MORETrading is potentially lucrative but losses and poor decisions are part of the game. Some choices can result in spectacular losses. Here is a countdown of the top 10 worst ever trade decisions.
READ MOREIt’s no secret that the best traders incorporate risk management into their trading strategies to cut down their losses. The concept of mitigating risk is talked about often in the trading world but what exactly is risk management? Defining risk management In the trading sphere, risk management is the practice of identifying, analysing, and minimising
READ MOREAs early as the 6th century, gold acted as a universal currency. It had all the crucial characteristics like divisibility, homogeneity, acceptability, and limited supply. However, gold is heavy and it was deemed impractical from a logistical point of view. This led to a series of events that created a formal monetary system for all
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