Numbers have mattered to humans since the earliest civilization, though some propose more significance than others. Humans appreciate values that are easy to process and make sense of. Rounding numbers is, therefore, a common act. Rounding means making a number simpler but retaining its value close to its original. Age is generally emphasised as a … Continue reading Using Psychological Levels in Trading
‘But out of limitations comes creativity’ – Debbie Allen. Ten years ago, smartphones did not exist. Three decades earlier, no one even owned a computer. Today, however, nearly everybody is connected. Thanks to this technological advancement, creating an alternative source of income through trading is appealing. Despite the appeal, many traders, particularly those new to … Continue reading Is It Possible to Trade Forex Part Time?
Many of the best traders began their careers on a frustrating note, experiencing the same difficulties most of us go through. Trading is a process that can take years to master. Much of the learning consists of governing one’s psychological state and deciphering between high and low-probability situations. Any trader worth their salt will tell … Continue reading Trading Confluence: a High-Probability Approach
Updated June 2020 According to the Triennial Central Bank Survey[1], trading in FX markets reached $6.6 trillion per day in April 2019, up from $5.1 trillion three years earlier. The US dollar retained its dominant currency status, being on one side of 88% of all trades. The share of trades with the euro on one … Continue reading The EUR/USD
Updated February 2020. Markets ebb and flow; they advance, decline and consolidate. Traders construct a framework around market fluctuations using support and resistance, the underpinning of technical analysis. Determining support and resistance, however, is trader dependent, often leaving newer traders overwhelmed. Perhaps the most prevalent method of identifying support and resistance is from traditional swing … Continue reading How to Use Yearly, Monthly and Weekly Opening Points
