Trading on the news like a pro with MetaTrader tools
We often see how novice traders struggle to find any decent sources of information. Of course, the first thing we always recommend you to do is to check out Forex news and analytical materials. At the same time, if you have registered your account and successfully downloaded Metatrader, you already halfway to productive results. Today, you will learn how to see and to use the hidden tools of MetaTrader. This guide is especially useful if you like to trade on the news.
Shooting star trading strategy
A shooting star pattern is really popular among traders because of its simplicity and effectiveness. Elsewhere, this pattern has a significant advantage it occurs on the charts quite often, so it wont take too much time to find it. In this article, we will discuss what the shooting star pattern is, how to recognize it, and how you can use it in your trading. Lets get started!
Breaking down the price action system
How many tools do you use in trading? What if we tell you that there is an effective trading system that requires nothing but candlestick patterns? This approach is called price action, and it is extremely popular among professional traders. Let us find out what are the basic elements of price action and what you need to master to trade this system.
All you should know about retracement
This article will introduce one of the most powerful market concepts retracement and show how to operate it at full potential. Retracement is a temporary price movement against the established trend. Why is it so important for a trader? Retracement levels are ideal for defining where to enter the market safely and place a Stop Loss order to minimize possible risks. Seems to be really useful, right? Lets find out together!
Currencies, gold or indices… What to trade first?
Currencies, gold or indices What to trade first? Youve already learned how to use some trading tools and strategies and when to enter/exit the market. However, you might be conf...
World events and the markets: understanding the connections
In a world full of information, we face new facts every day. Regular people usually observe the news without a single thought. At the same time, traders scroll headlines for opport...
Dive deeper: the sources of information you’ve probably never heard about
If you are a good trader, then you know what to check first to get the fundamental knowledge about the markets. Everything begins...yes, thats right, from the Forex website. You ch...
Trading: fast and slow
How many times did you make a decision without even thinking about it? Lets face it too many. Among these decisions, there are probably a lot of those you regret. On the other hand...
Easy scalping strategies
Scalping may look like a scary word to a regular mind. Traders, in their turn, find a lot of hidden opportunities behind its meaning. In trading, you dont have to do anything with ...
Position trading strategies: retake
The two sides There are different trading styles that result from different financial objectives set by each trader. Those who want to get quick profits by frequent small gains ...
Inside Trend System
Lets discuss the effective strategy, which presents the mix of best ideas of well-known traders such as Larry Williams, Ralph Elliott and Alexander Elder. Step by step we will go t...
Divergence: case study
Purpose Divergence is frequently used as an indication to predict future price movement. Like any other chart formation, it does not provide a 100% probability of correct predic...