When you’re trading forex, one of the terms you’ll hear a lot is “lot size.” What is a lot size, and why is it so important? A lot size is simply the smallest unit of currency that you can trade in a forex transaction. For example, if you want to …
Read More »What does BOS Mean in Forex?
BOS stands for “Breakout of Support.”. This is a term used to describe the settlement process between buyers and sellers of currencies. The BOS is an agreement between the two parties that sets out rules and procedures for resolving disputes between them. It’s important to know about the BOS Volatility Ratio …
Read More »Kicker Candlestick Pattern Guide (PDF)
In this guide, we will explore the intricacies of the Bullish and Bearish Kicker Candlestick Patterns, understanding their formations, interpretations, and practical applications in Forex trading. By the end, you will have the knowledge and expertise to effectively leverage the Kicker Candlestick Pattern in your trading strategies. The Kicker Candlestick …
Read More »Best ADX Setting for 15 Minute Chart Indicator
ADX is an indicator that measures the strength of a trend. It is often used to determine whether a market is in a trending or ranging environment. ADX can also be used to identify the direction of a trend. The ADX indicator is composed of two lines, the ADX line …
Read More »How to Create a Trading Journal and Find Your Edge in the Markets
The first step in creating a trading journal is to choose the format that will work best for you. There are many different ways to organize and track information in a journal, so it is important to find the method that works best for your needs. One popular method Dow Jones …
Read More »Closing All Open Orders Script for MT4
Close All Script for MT4 is a powerful script that automates the process of closing all your MT4 scripts one by one. This is a time-saving tool that can be very helpful when you are busy trading and want to close all your scripts quickly. Close All Script for MT4 …
Read More »Dow Jones Trading Strategy PDF (Stock & Forex)
A Dow Jones Trading Strategy PDF can be downloaded from the website. The strategy is a five step process that starts with identifying what you want to achieve from your trade, then choosing an appropriate market condition, and finally following Dark Cloud Cover the plan of action. The first step in …
Read More »Dark Cloud Cover Candlestick Pattern Full Guide
Dark cloud cover is a bearish candlestick pattern that forms after an uptrend. It is characterized by a black candlestick that opens below the close of the previous white candlestick and closes below its open. The formation of this pattern signals that the bulls are losing control and the bears …
Read More »Head and Shoulders Trading Pattern (2023 PDF Guide)
Head and shoulders trading patterns are one of the most reliable and easy to spot reversal patterns in the forex markets. They occur when the price action forms a clear head and shoulders top or bottom, which signals a potential change in direction. The head and shoulders pattern can be …
Read More »2B Reversal Pattern PDF Guide
The 2B Reversal Pattern is a bearish reversal pattern that can be found in charts of all timeframes. A 2B reversal pattern is a bullish reversal pattern that can be found in the forex market. The pattern is made up of two candlesticks: a bearish candle followed by a bullish …
Read More »