How to identify trendlines

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Unlike support and resistance levels, trendlines are drawn at an angle. These widely used technical lines are, first and foremost, used to determine the trend. By drawing these lines one can establish whether a market is in the process of rallying north (an uptrend), dropping south (a downtrend) or in the phase of a consolidation.  … Continue reading How to identify trendlines

Thinking in Probabilities

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Did you know that you do not have to be right each time you interact with the market? Heck, you don’t even need to be correct 50% of the time to bank a profit in this business! Once one has mastered a setup with an edge, trading should, to a point, be no more than … Continue reading Thinking in Probabilities

Supply and Demand Trading

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In the following article, our objective is simple:  to try and shed some light on how one can trade supply and demand on a chart. For those who are new to this concept, you may want to consider checking out this article before continuing as it provides a solid foundation: How to Identify Supply and … Continue reading Supply and Demand Trading

Why Trading Should Be Boring

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If you’re in this business for a dose of excitement, we can say with a high probability that you will eventually lose your entire account! For traders just beginning their journey, they may find the above statement a little off-putting, or even confusing. Is trading not supposed to be one the most exciting activities in … Continue reading Why Trading Should Be Boring

Forex Market vs other Financial Markets

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In terms of sheer size, the forex market is by far, the largest animal in the financial jungle. It boasts unparalleled features that clearly set it apart from other financial markets. The great thing about this is that it offers a plethora of advantages to both new traders just beginning their career, and more experienced … Continue reading Forex Market vs other Financial Markets