most important and reliable candlestick patterns

This article is primarily intended to forex traders who are unfamiliar with candlestick patterns  (reversal, continuation, and indecision candlestick patterns). In this tutorial, i am going to walk you through the most important and reliable candlestick patterns.

By the end of this lesson, you should be able to recognize different types of candlestick patterns because these candlestick patterns will help you to identity potential trading opportunities in the forex market. 

Continue reading “most important and reliable candlestick patterns”

head and shoulders pattern

There are many trading patterns that traders use to make trading decisions: Trading patterns like triangle patterns, double tops and bottoms , cup and handles, etc. However, in this post  i want to talk about head and shoulders pattern.

Here you are going to learn about two types of head and shoulders patterns: what is head and shoulders pattern and how to trade them.Without wasting anytime, let’sget started… Continue reading “head and shoulders pattern”

Best free forex trading strategies

If you want to learn how to trade forex you need a very good solid forex trading strategy that you going to rely on. Here on forextradingworldwide.co.za we have plenty of free forex trading strategies to choose from but today i am going to focus on the best solid forex trading strategies.

Good solid forex trading strategies are easy to trade with, they give great risk reward ratios, they reveal where to enter a buy or sell trade, where to place your stop loss and how to calculate your price objective. And most importantly, they are easy to follow.

Continue reading “Best free forex trading strategies”

everything you need to know about support and resistance ( with live examples)

If you want to become a profetional price action trader, then learning how to trade support and resistance levels is a must.

Here, on this tutorial, you will learn the most important things about support and resistance levels; you will learn how to draw them, when and where to draw them, but most importantly you will learn how to trade support and resistance levels the right way. I will also give you some options on how to close your trades for profits. First let me start by explaining what support and resistance levels are.

Continue reading “everything you need to know about support and resistance ( with live examples)”

How to use Fibonacci retracement the right way (with pictures)

It doesn’t matter if you trade currencies, stocks, futures, options, etc… Fibonacci retracement tool can be used in all financial markets. The first and most important thing you must know about Fibonacci is that it works best in conjunction with other trading strategies.

If you don’t know what Fibonacci retracement is or you want to learn how to use Fibonacci retracement in forex then you’re about to find out. Keep reading!

Continue reading “How to use Fibonacci retracement the right way (with pictures)”

rising and falling three method pattern

Here in this tutorial you’re going to learn about a continuation pattern called rising and falling three method. I am going to explain what it is and how to trade it. .I will also give you some options on how to enter a trade and exit your trades for profits using these patterns but first let me start by explaining what rising and falling patterns are.

What are rising and falling three method patterns

Continue reading “rising and falling three method pattern”

how to trade dark cloud cover pattern with trendline

Here is a simple  forex trend reversal strategy based on a dark cloud pattern. It is called the  reversal dark cloud cover  pattern. 

I’ll explain to you how this price action strategy works. I will also give you some options on how to close your trades for profits, but first let me start by explaining what is a dark cloud cover pattern.

Continue reading “how to trade dark cloud cover pattern with trendline”