Remember the saying, “Show me your friends I will tell you who you are”? It is true, one’s friends or the people you spend time with really define who someone is. It is about one’s behavior and the attitude one carries when doing what they do. The mindset that one has should not be an […]
How You Can Use Fibonacci Retracement with Trendlines
The Fibonacci retracement is defined as a technical indicator that identifies support and resistance levels. It has retracement levels of 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100%. The Fibonacci retracements, unlike other indicators, cannot generate buy and sell signals directly. They instead act as guides alongside other indicators to make sound trading decisions. On […]
Ways to Improve Your Forex Trading Mindset
Everything we do to succeed needs a mindset. A positive mindset will most of the time lead us in the right direction while a negative mindset will most likely derail us or lead us in the wrong direction. Whether it is school, your formal job, business, running errands having a positive mindset is necessary. As […]
Common Forex Trading Mistakes
When one is new to a business, they tend not to be too confident in the undertakings of it. This may lead them to make errors once in a while communicating to a client or explaining how a product is beneficial. A client is won by knowing that the product they are buying is worth […]
Ways to Help You Make Consistent Profits in Forex Trading
Business is there to sell and make profits. A business that does not bring back any profit is simply not working out. Many operational businesses have invested to start selling. Profits are hence necessary for it to keep operating. If a business does not make profits, it would be hard to sustain it since there […]
How to Use Stochastic Oscillator to Create Your Forex Trading Strategy
It is a common trend to use a momentum indicator like stochastic oscillator to pinpoint potential trend reversals in Forex trading. Stochastic oscillator measures momentum by comparing the closing price to the trading range over a period of time. On the chart, stochastic oscillator is represented by two lines. There is the %K which is […]
How to Use Trendlines in Forex Trading
Another commonly used technical analysis tool in forex trading is trendlines. If used correctly, trendlines make excellent trading tools for forex traders, but they can become counterproductive and ineffective if used incorrectly. Incorrect use could also lead to falsely believing in the inexistence strength of a trend or the reversal of prices when the actual […]
Reasons Why Forex Traders Fail
When one ventures into a business, they get in having high hopes. There is always a future in someone one has ventured into. Unfortunately, it is not all businesses that are rosy. Sometimes people do it all right. They have the right capital, are in the right niche, and have targeted who is going to […]