How to Build a Forex Trading Plan: A Compilation of Parts 1-4.

IC Markets No Comments Tags: , , , , , , , , , , ,

Without a trading plan, successful trading is unlikely – you’re effectively driving blind.

The problem is new traders fail to recognise the significance of a trading plan. This may address why many traders find it difficult to accomplish their goals in this business.

5 Common Trading Errors and How to Avoid Them

IC Markets No Comments Tags: , , , , , , , , , ,

Over the years technology has revolutionised our world, creating irreplaceable tools and putting useful information at our fingertips. Thanks to these technological advances, it’s easier than ever before to participate in the financial markets. Despite this, novice traders remain vulnerable to costly mistakes. While some trading mistakes are expected, it is vital you don’t make … Continue reading 5 Common Trading Errors and How to Avoid Them

A Primer to Understanding Basic Chart Patterns

IC Markets No Comments Tags: , , , , , , , , ,

Do technical trading patterns exist and are they profitable? This is a question often asked by new traders. Depending on who you ask, the response will differ. Some academics and investors believe patterns don’t exist – that price action is entirely random, whereas the majority of technical analysts are adamant chart patterns exist and are … Continue reading A Primer to Understanding Basic Chart Patterns

Candlestick Patterns Every Trader Should Know

IC Markets No Comments Tags: , , , , , , , ,

Traders and investors who adopt technical analysis typically use price charts to identify market behaviour. For that reason, before learning anything else, it is vital to understand the basics of each widely used chart (see figure 1.1 for a visual representation): A bar chart, often labelled OHLC chart, employs the use of bars, representing the … Continue reading Candlestick Patterns Every Trader Should Know