In this post I will be giving a layman’s explanation of Forex Leverage and Forex Margin to help you understand what they are and the potential risks involved. It is extremely important that you have a clear understanding of both Forex Leverage and Forex Margin before you start trading. I ..Read More

In this post I will be explaining what forex spreads are and why they are an important factor to consider before trading the forex market. Forex spreads can be the difference between a profitable and non-profitable forex trading strategy, especially when using a forex scalping system. Before placing a trade, ..Read More

The Equidistant Channel is formed by two parallel lines of support and resistance. Equidistant means “equal distance.” The parallel lines of support and resistance are at equal distance with each other. The price remains in Equidistant Channel till it breaks support or resistance level. The term “equidistant” means “of equal ..Read More

In his book, J. Welles Wilder, New Concepts in Technical Trading Systems describes strong market reversals. He used the RSI (relative strength index) to measure these swings. He then gave these sharp price movement names of failure swings. There are plenty of indicators like the MACD, CCI, RSI, and the ..Read More

The Abandoned Baby is a reversal candlestick pattern that shows a shift in momentum from the bullish to bearish and vice versa. The pattern consists of three candles. The abandoned baby pattern is a multiple candlestick reversal patterns. This candlestick pattern is similar to the morning and evening star candlestick ..Read More