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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How to use the Bollinger band indicator and make profit consistently in forex trading

There are many different ways of trading the financial instrument in the forex industry. In the eyes of trained professional there is no specific trading strategy in this world which can guarantee 100% profit from this industry. There are many traders who uses the important support and resistance level in the market and make a decent amount of profit in the market. It’s true that there are many different trading strategies in the market which can help you to make decent profit but as a professional trader, you need to develop your own trading strategy based on your personality. For instance if you prefer short time frame trading then swing trading won’t suits you since you have to wait a long period of time only take one trade entry. On the contrary, if you are long time frame trader then you can’t make a decent profit by using the shorter

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How to start trading with a very small account like the professional trader

Forex trading is such a lucrative business that every single day the number of retail traders are increasing in this industry. Most of the new comer in this industry start forex trading in order to make quick money. Those who start trading the financial instrument with very little knowledge incur a huge loss in real life trading due to their lack solid trading foundation. Many new traders often start their trading career with a huge initial deposit and ultimately jeopardize their financial stability. If you truly want to master the art of forex trading then you must know all the fundamentals of this financial industry. If you are relatively new in this industry then start trading with a relatively small account. There are many sites which will tell you to start your trading career with the demo account. But in the eyes of trained professional trading the demo account doesn’t

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