Trading Confluence: a High-Probability Approach

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Many of the best traders began their careers on a frustrating note, experiencing the same difficulties most of us go through. Trading is a process that can take years to master. Much of the learning consists of governing one’s psychological state and deciphering between high and low-probability situations. Any trader worth their salt will tell … Continue reading Trading Confluence: a High-Probability Approach

The EUR/USD

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Formed by two of the largest currencies in circulation, the EUR (Euro)/USD (United States dollar) currency pair continues to be one of the most actively traded assets in the world. Currently, the Euro ranks second behind the US dollar in regard to global liquidity. Given that the unit is made up of two of the … Continue reading The EUR/USD

How to use yearly, monthly and weekly opening points

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We’d be surprised if the title did not raise a few eyebrows! Opening points? Well, we can tell you that we’re not referring to pivot point levels. This is a common method. Just type ‘Pivot points forex’ into Google search, and you’ll be inundated with information. The approach we’re going to show here, as far … Continue reading How to use yearly, monthly and weekly opening points

Including Fundamental Analysis In Your Trading

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Do you remember the first time that you came across the financial markets, or more specifically, forex trading? Unless you had a keen interest in economics, it’s highly likely that you were almost immediately drawn to technical analysis (T.A). Those attractively colourful indicators, pin-point accurate support/resistance lines and rumours of other technical traders trading for … Continue reading Including Fundamental Analysis In Your Trading

Identifying correlations

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Unless you intend on trading one market at a time, it is vital to understand how different instruments interact with one another. A correlation, in simple terms, describes how much (or how little) two markets move together over a period of time. The key thing to remember is that financial markets DO NOT trade in … Continue reading Identifying correlations