Most profitable chart patterns

This tutorial is all about trading chart patterns. There are many chart patterns that technical traders use to identify trade setups, chart patterns like flags, pennants, diamond, cup and handles and wedge just to name a few. However, here in this article I am only going to cover the most popular and most profitable trading chart patterns.

I decided to write only about these patterns because of the potential for a big move in the forex market or in the financial market for that matter . We will go into greater detail about each one below: Continue reading “Most profitable chart patterns”

MetaTrader 4 platform tutorial

This tutorial is all about metaTrader 4 platform. There are many other trading platforms thats technical traders use to trade the financial market, trading platforms like ActTrader, Currenex, MetaTrader5, Mirror trader, Tradeo, ZuluTrade, FXSTAT, just to name a few. Out of all trading platforms, metaTrader 4 is the most used trading platform so I decided to write this tutorial to help new traders master this famous trading platform.

I will go into greater detail about each one of the topics below: Continue reading “MetaTrader 4 platform tutorial”

what is correlation of pairs and how you can use it in your favor

Currency correlation

If you have been trading forex for a while and paying a closer look into how currency pairs move, you will notice that most of currency pairs are related to each other somehow.

Continue reading “what is correlation of pairs and how you can use it in your favor”

Forex triangle patterns

There are many patterns that traders use to make trading decisions. however, In this tutorial I am only  going to cover the triangle patterns. Triangle patterns are amongst the most frequently formed  patterns and are very easy to trade.

There are three main types of triangle patterns: symmetrical pattern , ascending pattern , and descending pattern. Continue reading “Forex triangle patterns”

How much money can you make trading forex?

If you’re reading this article, it means you’re interested in forex  trading and so you want to know how much money  can you make from forex trading.  Most people are interested in forex trading because they have head or read stories on how forex will make them rich overnight. If you are keen to know how much you can make trading forex, then keep reading.

I get a lot of questions from novice traders. Some of the frequently asked questions  when it comes to trading the forex market are: Continue reading “How much money can you make trading forex?”

Why swing trading is way better than day trading

We all understand that swing trading and day trading are two different trading techniques, but which one is better and what exactly make them different? Here, in this post we take a look at day and swing trading to compere which one is better, we also explore the pros and cons of day trading versus swing trading.

When it comes to choosing the right trading strategy, there are several factors one needs to consider in order to select the right path. Some of these factors include time and personality among others.

Continue reading “Why swing trading is way better than day trading”