How trade the triangle chart pattern in the forex market

Chart pattern trading is often considered to be the most advanced form of trading strategy in the forex market. All the professional traders use the chart pattern trading technique in order to catch the large movements of the market. But if you are relatively new in forex trading then it will be extremely difficult for you to trade the different chart pattern in the forex market. But don’t worry! You can still trade one chart pattern with a great level of ease and confidence with the minimum guideline. Triangle chart pattern is often considered to be favorite chart pattern in the novice trader’s community since its extremely easy to spot and highly reliable. Before we go further let’s discuss the different types of the trading chart pattern. Triangle chart pattern is mainly of three types Ascending triangle Descending triangle Symmetric triangle These three are the most prominent triangle chart pattern

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How to do the multiple time frame analysis in mt4 platform

Every single day people are striving hard to achieve financial freedom but very few can really achieve it. But thanks to modern technology which has created a scope for the every single individual in the world to make money by trading the forex market. Previously trading the financial assets was only limited to the large banks and institution. But now a day’s people like us have the liberty to trade the forex market with a very small amount of trading capital. Most of the reputed brokers are now offering a high-leverage trading account to their clients which even allows them to trade the forex market with 100 dollars deposit. But if you know the perfect method of trading the financial instrument then you can easily turn your small trading account into a big one and most importantly you will never have to worry about your financial security in the near

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The pin bar strategy and 6 most frequent mistakes

The pin bar strategy is the main price action signal; the successful trader would know the benefits of pin bar strategy. The easy and simple structure of the pin bar strategy will lead you astray because just because it’s simple traders may mistake it easily. There are many instances where the traders mistake the good and bad pin bar strategy. There are few traders who trade every pin bar they come across they never analyze or consider to find it whether it is a good pin bar strategy.  There are such mistakes which can be commonly seeing when trading. Let us have a clear study about it. There are main 6 frequent mistakes in pin bar trading Yes, there are five frequent mistakes found in the trading market because the traders are not aware enough to distinguish good pin bar strategy and bad pin bar strategy. Here are they; They

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How to trade the morning and evening star pattern in the forex market

The price action trading strategy is very much popular in today’s world. Starting from the rookie trader ending with the professional traders all are using price action trading strategy due to its extreme reliability and profitability in the forex trading world. Professional traders use the highly reliable price action confirmation candlestick pattern formed at the key resistance and support level to trade the market. Though there are many different types of price action trading signal in the market but the bullish morning star and the bearish evening star pattern trading is extremely profitable. Professional use this candle stick pattern to trade the key support and resistance level in the market. These patterns are usually formed when the market reverses its direction or exhibit a trend change. However, these pattern can also be used in retracement entry and professional traders use them when the market retraced to a great extent. But

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How to trade the key support and resistance level using the stochastic indicator

Trading the forex market can be extremely challenging if you are relatively new in this industry. There are many traders in this industry who have lost all their hard earned money by using the wrong trading technique. One of the most common mistakes that every trader makes is using too many indicates in the chart. Some might say that using the indicators is totally unnecessary since they tend to give to many false trading signals. But in the eyes of trained professional indicators can be extremely useful if the traders combine them with the right tools. In this article we will tell you how to use the stochastic indicator like the professional trader and trade the key support and resistance level in the market. Before we move in to details lets us know first know a bit about the support/ resistance level and the stochastic indicator. Support and resistance level

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