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The Breakout: What is it and how is it traded?
Breakouts are a very regular occurrence in the forex market, and their occurrence has major implications for the price action of the currency pair and by extension, the trader’s positions in the market. A breakout is defined as a price movement that breaks through an identified level of resistance or support, usually accompanied by heavy […]
Read Some MoreSetting Stop Loss and Take Profit Targets
There is a dilemma that seems to confound many retail traders where we see them making this mistake time and time again. This problem is the issue of setting stop loss and profit targets for their trades. Many traders simply set these targets arbitrarily without any principles guiding their actions. Picture this scenario: a trader […]
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3 Simple Ways To Identify Trending Markets – Part 1
One of the first pieces of advice given to novice traders is trade with the trend. The problem is most newcomers to forex can’t even tell where the trend is, so it is pointless to ask them to trade it. In this new series of articles we’ll look at 3 different ways to identify trending […]
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