Plotting support and resistance levels is often a challenging and subjective task. It is also commonly one of the first areas of price action new traders attempt to tackle. Support and resistance can be established in numerous ways, such as: trendlines, moving averages, pivot point levels, Fibonacci levels, key high/low points etc. A common complaint … Continue reading Using Psychological Levels in your Trading
While there’s a great deal of weird and wonderful trading jargon out there, there’s not much that tops ‘cryptocurrency’. Although the term could easily be confused with a new IPhone app, cryptocurrency is actually a form of virtual currency. Think of it as an ‘internet currency’. As the name suggests, cryptocurrency is a blend of … Continue reading What is Cryptocurrency?
Imagine for a moment that you’re a newly appointed trainee chef. Eager, excited and ready to get in the kitchen, the head chef unexpectedly throws you a curve ball. He asks that you begin preparations to cook five-star meals at their finest restaurant in town that evening. We’d be surprised if this didn’t raise an … Continue reading Making use of your Demo Account
‘But out of limitations comes creativity’ – Debbie Allen. Ten years ago, smartphones did not exist. Three decades earlier, no one even owned a computer. Today, however, nearly everybody is connected. Thanks to this technological advancement, creating an alternative source of income through trading is appealing. Despite the appeal, many traders, particularly those new to … Continue reading Is It Possible to Trade Forex Part Time?
No matter how hard you try, it will be impossible for you to climb up the trading ladder until you’ve learned how to risk live money. Trading in the live market draws in psychological elements that are generally not experienced in a simulated environment. This, as you’ll see throughout the article, is the key difference… … Continue reading Demo trading vs. live trading