Everything you see on the price charts, including the trendlines, triangles, pennants, flags and … are all created by support and resistance levels that are the Continue reading How to Trade the Trendlines, Head and Shoulders, Triangles, Double Tops and Bottoms, Flags, Pennants, Wedges …
This is Kamel. Make sure to read this post to remember how I locate the trade setups and set the stop loss and target orders: I Trade the Daily Chart, But I Am a Day Trader Continue reading A Simple Forex Trading System That Works
Those who are used to follow my market analysis hear this from me a lot that this support or resistance level is not strong enough, but this one is. What novice Continue reading Differences of Strong & Weak Support & Resistance Levels & Their Breakouts
Following the trends is the best way to make profit and those who are patient enough to stay with trends are usually profitable trader, of course if they know how to limit their risks properly. Continue reading What Are the Most Trending Currency Pairs?
The end or beginning of each month is the best time to check the monthly charts of the currency pairs and securities you follow. If you think “monthly” is a Continue reading Trading the Monthly Chart Is Lovely
Saving templates and profiles on MT4 can save you a lot of time and energy, specially when you check several charts and currency pairs at the same time. Continue reading Save Templates, Profiles and Price Charts Image Files on MT4
Every day, some new Forex brokers start working. Is it really such a profitable business that is attracting so many entrepreneurs to run a Forex brokerage firm? How much money can a Forex brokerage make? Continue reading How Much Money Forex Brokers Make
Using a trailing stop loss is one of the methods that helps you to manage your positions and take care of your profit. I personally don’t use trailing stop loss, but Continue reading How to Set Trailing Stop Loss on MT4 and How Trailing Stop Loss Works
Most traders are used to forget about the positions they take and never go back to check them, specially when those positions hit the stop loss. Novice traders are Continue reading How to Locate Your Previous Positions on the Price Chart on MT4
Novice traders usually have a lot of problems locating the proper price highs and lows or peaks and valleys on the price chart to plot the support and resistance Continue reading MT4 Script to Locate Highs and Lows on the Price Chart
Sometimes you need to run multiple instances of MetaTrader platform on your computer at the same time. For example, you follow more than one trading Continue reading How to Run Multiple Instances of MetaTrader on the Same Computer
One of the LuckScout followers, asked me a question that made me write this post. As we always talk against market maker brokers, most traders think it is too Continue reading Market Maker Brokers: Is It Bad or Illegal to Be a Market Maker?
A couple of days ago I published an article about an MT4 script that changes all open price charts timeframe (here). Today, I am going to share another script Continue reading MT4 Script to Change All Open Price Charts Template
I have 25 price charts always open on my MT4 platform. I check the daily charts once every day. Sometimes when there is a trade setup on a currency pair daily Continue reading MT4 Script to Change All Price Charts TimeFrames All At Once
If you are into the stock or Forex market investment, you might have often heard about the term compound interest or using the compound interest calculator to Continue reading Compound Interest Calculator for Forex and Stock Traders and Investors
The technical analysis space amidst the scope of the market trade is wrought with innumerable options to track the market and deduce the multitude of Continue reading How to Use Andrews’ Pitchfork to Follow the Price Channels and Trends
I am writing this article because I see that some traders like to use ATR indicator, and many other traders wonder what advantages this indicator has and how it Continue reading How to Use ATR Indicator?
You think trading currencies is the only way you can make money from the global currency market, right? Continue reading 10 Ways to Make Money via the Currency Market
I’ve already talked about the difference of the true and false or fake ECN/STP brokers. Make sure not to miss these posts, because they are very important for Continue reading How Do Liquidity Providers Make Money and Are They Market Makers?
Most of us trading in the forex market know that transactions happen over the counter, but generally we are so engrossed in getting our individual trade right Continue reading Understanding the Over the Counter Trading or OTC in Forex Market