The Pattern Pulse - 18 April 2024
- Popular Posts, Recent Posts, Technical Analysis, Trading Knowledge, Trending Now
- April 18, 2024
Patterns produced on candlestick (or bar) charts are created via underlying supply and demand. Demand represents buying Supply represents selling While several interpretations exist concerning structure, technical supply, and demand zones on charts can be defined as noticeable price moves to leave behind a fresh untouched base. Supply and Demand The
READ MORETrading in Forex markets reached an eye-popping $6.6 trillion per day in April 2019, up from $5.1 trillion three years earlier. Ranked as the largest financial market in the world, its mammoth size, easy accessibility, and high level of liquidity offer opportunity to those willing to step out of their comfort zone and learn new
READ MOREThe forex (short for foreign exchange) market is the world’s most traded financial market with a daily global trading volume of (US dollar) $6.6 trillion and a constant fluctuation in currencies means the forex market offers great opportunities to profit from these price movements. Here are 4 steps on how to trade forex: Step 1:
READ MOREA quality among all consistently successful traders is eliminating mistakes. Mistakes can be expensive and emotionally damaging. No matter how long you’ve been trading in the financial markets, you’re bound to experience lapses in discipline. To help lessen the impact, here are five common trading mistakes beginner traders, and sometimes experienced traders, make and solutions
READ MORE“Progress equals happiness”– Tony Robbins It’s not too late to make 2020 your year. Whether you’re new to the financial markets or a seasoned professional, there’s always room to improve trading performance and move to the next level. Work from a Detailed Trading Plan It’s surprising how many Forex traders operate without
READ MOREFor centuries, technical analysts have worked to better organise and visualise market data. The earliest known recording of commodity prices with an intent to forecast direction was in ancient Babylonia in the first millennium BC, according to The Evolution of Technical Analysis, written by Andrew W. Lo and Jasmina Hasanhodzic. Charles H. Dow, considered the father
READ MOREThe importance of maintaining a trading journal cannot be overstated. A historical account of your trading activity not only monitors progress, it identifies strengths and weaknesses. In essence, it’s a critical part of a trader’s development. Regrettably, this is often overlooked as time consuming or unnecessary. This is where Myfxbook, a third-party verification website launched
READ MOREConfirmed cases of the COVID-19 disease, first detected in Wuhan, China, now exceed 2.3 million worldwide, according to the World Health Organization (WHO). Although initially perceived as a China-central shock, the United States has been particularly hard-hit, now leading the world in total cases at approximately 800,000, with Spain and Italy trailing at nearly 200,000
READ MOREForeign exchange swaps first entered the spotlight in 1981 by way of an agreement between US technology giant IBM and the World Bank. Despite their relative infancy, trading in FX swaps continues to gain in market share, according to the BIS Triennial Central Bank Survey 2019. The BIS noted: Trading in FX markets reached $6.6
READ MOREBy choosing to create and run a website you’ll need web hosting unless you have the capital to accommodate a dedicated web server. Web hosting service providers, think Bluehost, HostGator, and GoDaddy, for example, provide space on a web server, typically owned (or leased) by the web host for use by clients, for a price.
READ MORECFD trading has experienced considerable growth since its inception in the early 1990s, brought to light by a derivative brokerage firm based in London in order to short sell using leverage. Contract for differences, or CFDs, are leveraged trading products that mirror underlying markets. Organised as a contract between buyers/sellers, CFDs are widely employed to
READ MORE