How to Trade Breakouts from Support/Resistance at ExpertOption
Recognizing support and resistance levels is a skill that every trader should master. Once you know how to identify these levels, you will see how the price performs near them and ...
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Why Care for Reversal Patterns?
Market movements are shaped by the buyers’ and sellers’ behavior, and often similar patterns can be found on the chart. Such patterns can form when the price reaches a certain level, leaving both sides to decide on who is in the driver’s seat. Many traders rely on chart patterns for possible indications of trend continuation or reversal and, even though there are no methods that could predict the market behavior 100% of the time, patterns may be quite useful when used correctly.
Trading Tools and How to Choose Them
When you start a task, one of the first things to do is to prepare the tools you will be needing to accomplish it. For example, if you are painting, you think about the brushes, paints and paper that you will require. If you are traveling, you think about the means of transportation, your route and accommodation. If you are starting a business, you think about your capital and the staff you will need to hire. Such tools are necessary to help you carry out your idea.
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Planning Your Trading Approach for 2021
As the year is coming to an end, it is the best time to start planning your trading approach for 2021. There are many factors to consider and doing it well in advance will give you time to think it through and prepare. This is also the time when you may consider seasonal changes as well as major events that might influence the market. We have compiled a list of factors you might want to consider when picking assets and planning your trading approach for the foreseeable future.
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3 Steps For Trading Stocks on Short Time Frames
When you are looking into investing in stocks, one of the first decisions you may consider making is whether you are a short-term trader or a long-term investor. Based on that, you will need to choose the approach you exercise in your daily trading routine.
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How to Choose a Strategy? Decide What’s Best for You – Part 1
While there are hundreds of different trading strategies and methods out there, finding those that work is still challenging. Some strategies seem too hard to follow, some look too good to be true. The real secret lies in a simple line – the best strategy does not exist. There is no one strategy that fits everybody, but everyone can make up their personalized strategy and find the method that works best for them. This is part 1 of our most extensive guide to choosing a trading strategy/method. No matter what your approach is, this guide will help you discover new tools for trading.
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4 Trading Rules for Any Market
When deciding on what to trade or invest in, there are many trading options to choose from: Crypto currencies, Stocks, Forex, FX Options, ETFs and so on. Naturally, each instrument is different and many traders prefer to focus on certain instruments only. This approach may be quite beneficial as it allows traders to concentrate on the exact assets they trade the most and polish their approach. However, such an approach prevents traders from diversifying their portfolio, which is one of the crucial steps for a working risk-management strategy.
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Trading the Flag Pattern
Trading candlestick patterns is one of the first things that novice traders learn. Patterns are relatively uncomplicated to understand and finding them on the charts may be a more accessible task than learning about technical indicators. Though no pattern can give a 100% guarantee, some of them are easier to find and show better performance than others.
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Professional Traders’ Wisdom That You Need to Know
Experienced traders have their own tips and tricks that help them get better outcomes. These tips are not acquired overnight: it takes a long time to test out a strategy, find what works best, practice and see results. Here are five methods used by wise traders – you may want to remember them for your next trading session.
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Trading Psychology – Overcoming Fear and Greed
Though knowledge about the market and trading strategies is extremely important, what’s even more important is the trader’s psychology: how one controls their emotions and copes with losses. Traders may experience a lot of negative feelings during the day. Fear, uncertainty, anger, greed, disappointment – you name it. The emotional ups and downs of a novice trader largely depend on the results of their trading, which can be harmful for their overall well-being.
Trend Reversals: How to Find Them?
Price reversals are a natural part of the way markets flow and learning how to spot them is very important for many reasons. Ignoring a trend shift may increase the risks: the deal opened in a certain direction may go deeper and deeper in loss if the price turns. Let’s see what trend reversals are, how they are formed and how to trade them.
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