A brief look at Trading Psychology

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Why is psychology such an important aspect in trading? Well, if you’re incapable of controlling your mind/thoughts whilst operating in the market, you stand very little chance of reaching consistency. Generally, traders, especially those new to the business, focus primarily on learning all they can about the technical side of trading. While we do agree … Continue reading A brief look at Trading Psychology

Everything you need to know about confluence

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To say confluence is powerful would, in our humble opinion, be a huge understatement! We agree that individual pattern recognition is worthy of attention, but without additional confluence it is not something we would entertain as a conceivable setup. To become a successfully consistent trader you need an edge. This is something we’re sure we … Continue reading Everything you need to know about confluence

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

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