Pillars of Forex Trading
17th January 2019Forex trading is the act of speculating on the foreign exchange market, with the intention to make more money profitably. Forex trading in otherwise said as FX trading, foreign exchange trading or currency trading. Let’s see the pillars of forex trading here.
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Pennants and Flags
14th December 2018A flag in the shape of a triangle with a tapering tail towards the end is referred to as Pennant. A similar looking pattern is formed immediately after a major movement in the price chart of a financial trading asset in the shape of a triangular flag that can be seen by connecting the trend lines which are converging towards the end of the chart and then follow the same path of the initial trend with an outbreak. Pennants can be classified as Bearish Pennant and Bullish Pennant depending on its trend direction. This is how a Bearish and Bullish Pennant depicted in a Chart.
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How to Get Benefit With Trading Triangles
20th November 2018Triangles are one of the price action concepts of the chart. Triangles can reveal us many things about the market scenario, momentum shifts and the balance between bulls and bears. Triangles are made by uniting two trend lines where one is resistance and another is a bullish or bearish line. Every trend line comprises two or more than two prices thus, upper and lower trend lines necessitate at least two or more points in price.
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Profitable Traders Do Nothing Almost 99 Per Cent of the Time
21st September 2018Patience is the foremost requirement for any novice trader to eventually emerge as a butterfly. When the prices stoop or surge, what strikes is an unquenchable impulse to buy or sell the stock. But the truth is that you will have to be conscious of your actions and importantly, cuff your mind away from rash decisions.
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Trade the Bullish and Bearish Rectangles
04th September 2018Chart patterns have been the closest ally of day traders. You can easily slither out of a bad trading day with chart patterns for their easy-to-the-eye formation and evident profit margin. One such formation is the rectangle chart pattern. Of course, the price action doesn’t give us a perfect rectangle, but it can be predicted with the cues of the chart. Here is how the pattern works.
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Making the Most Out of the Wedge Pattern Formation
16th August 2018Rising and falling wedges are chart pattern formations mostly employed by day traders for their potential in predicting the upcoming price actions. It wouldn’t be precise to group wedges into one category; Wedges can either be reversal or continuation pattern.
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The Forex Pioneer of UAE
09th August 2018Looking back, when Alfa Financial embarked in 1993, even the word ‘Trading’ was not too relevant to the masses. And it was the time of initial stages of the internet, making it hard for the general public to get into trading.
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Trading Double Top and Double Bottom
24th July 2018Double top and Double Bottom are price action pattern formations identified to predict the behaviour of the market. As the name suggests, Double Top is when the price action forms two peaks almost equal to each other, and the Double Bottom is when the price action dips to form two consecutive bottoms with only a peak separating the two. Of all the chart pattern formations, Double Top and Double Bottom could pass as one of the easiest-to-identify.
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Deciphering the Diamond Chart Pattern
17th July 2018The diamond chart pattern is one of the reliable chart patterns mostly used by the day traders to identify the potential uptrend reversals. The bearish diamond’s occurrences are far more prevalent than their bullish counterparts. The diamond pattern has enabled a large number of traders to make quick profits.
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