Forex trading blog

Pivot Points in Trading

Pivot Points in Trading

February 10, 2022

Pivot point trading is a tool used for technical analysis of the market’s trends. It is based on a calculation that uses the previous period’s low, high and close. The main reason to use pivot points is to determine potential uptrends and downtrends. That way, traders can define entry and exit points to maximize their […]

How to Use the MACD Indicator in Trading

How to Use the MACD Indicator in Trading

February 10, 2022

The Moving Average Convergence/Divergence, or simply MACD indicator, belongs to the momentum oscillator family. It is used in trading to identify uptrends and downtrends. Even though the indicator belongs to the oscillator family, this indicator isn’t used to spot overbought and oversold points. The indicator on a chart looks like two lines that don’t move […]

Trading with Rising Wedge Pattern

Trading with Rising Wedge Pattern

February 10, 2022

A wedge pattern in trading is a type of pattern that is reflected by converging two trend lines. Traders recognize rising and falling wedges. Both can fit into the reversal and reversal chart patterns indicating different signals. The Rising Wedge Pattern forms right after an uptrend indicating its potential downtrend or bearish reversal. Keep reading […]

How to Use RSI Indicator in Day and Intraday Trading

How to Use RSI Indicator in Day and Intraday Trading

February 10, 2022

The Relative Strength Index or RSI indicator is a tool for technical analysis. It belongs to the oscillator category and is one of the most effective indicators. It is of the leading type, which means it shows signals on the market before the price changes on the chart. The advantage of this leading function of […]

Stop Loss vs Stop Limit: when do you need to use them?

Stop Loss vs Stop Limit: when do you need to use them?

January 13, 2022

A lot of people who trade on financial markets are confused by some words that are similar in meaning: Stop Loss vs Stop Limit (below we will also use SL vs Limits). What’s the difference between these terms? All of these words are used for making limitations on losses on Forex, stocks market, cryptocurrency market, […]