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Use the Pivot Points Differently to Trade Forex or Stocks

Pivot points or pivot levels were used to be so popular among the retail Forex and stock traders, but they are getting forgotten maybe because the popular trading platforms like MT4 don’t support the pivot points, or, day trading is losing its...More

The Easiest Ways of Trading Fibonacci Extensions

In trading, there are Fibonacci numbers and also something that we call Fibonacci Extensions. Trading the Fibonacci extensions is a great technique for following the trending markets. There are three main Fibonacci Extensions: 161.80 261.80 423.60 If you use the Fibonacci Retracement tool on the...More

What Is Leverage in Forex Trading?

Currency rates are constantly fluctuating and these fluctuations create opportunities for profit. Unfortunately, if you can only trade with the capital that the average guy can put forward, then there is not going to be much return. Leverage allows people with a...More

Who Is the Best Forex Broker?

The best Forex broker is the one that transfers your orders directly to the strong and reliable banks (also known as liquidity providers) and charges your a commission for this service. That is the simplest definition of the best Forex broker...More

Who Are the Forex Brokers?

We have already talked about the Forex Brokers a lot but I have never explained who they are exactly and how they start a Forex or currency trading brokerage. Traders and investors were used to trade currencies through the banks...More

What Is Forex and What It Is Not?

Many novice Forex traders try to make money through Forex trading while they don’t know what Forex is exactly and what it is not. That can cause them to make mistakes and have some wrong expectations from their Forex trading...More

Does Heikin Ashi Work?

Traders like to use the tools and trading systems that look easier to use. Heikin Ashi is one of them because it really looks easy to use when you install it on the price charts. There is a detailed article about Heikin...More

Trading the Channels and Verifying whether They Are Broken or Not

We haven’t talked about trading the price channels that much, maybe because they rarely form on the price charts. There is one article about trading the channels on this site which is about using a Andrews’ Pitchfork to trade the channels: How to...More

Don’t Trade the Choppy Markets

We call a market “choppy”, when its price chart has too many small ups and downs and peaks and valleys and the candlesticks upper and lower shadows are longer than usual and in many cases longer than the candlesticks bodies. Lack...More

Long Lower Shadow Doesn’t Mean Anything As Long As It Is Not Confirmed

Those of you who have been following us for a while know that we always emphasize on taking the strongest trade setups and avoiding the weak ones to lower the risks as much as possible. For the same reason, we...More

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