Category: Trading Guide
Why Is Taking Profits So Easy While Cutting Losses Is So Hard?
Introduction Capital management is crucial in trading. It can be said that correctly predicting market trends is only half of the battle in trading. Without a proper capital management strategy, success often slips away. Many traders adhere to the principle of “limited losses, unlimited gains,” but in practice, their approach to managing positions’ profits and […]
Support and Resistance
Support and resistance Support and resistance” is a general concept referring to key levels on a price chart that have historically shown significant importance because they influence price movements. Support refers to a level or area on the price chart where the price typically stops falling and starts to bounce back up. It signifies strong […]
Introduction to Candlestick Charts: The Best Tool for Beginner Traders
Candlestick charts, also known as K-line charts, are a commonly used technical analysis tool in the trading market. Originating in 18th century Japan, they were invented by rice merchants to record rice price fluctuations. Today, candlestick charts are widely used by traders worldwide in stock, forex, futures, and cryptocurrency markets. This article will introduce candlestick […]
The Top 7 Trading strategies for 2024
What are Trading Strategies? xxx Day Trading Day trading involves trading within a single day. The key characteristic of a day trader is that they open and close their open positions within the same trading day. This, does not mean that day traders only trade once a day. In fact, most day traders have a […]
What is Technical Analysis?
What is fundamental analysis?
Support and Resistance
Support and resistance Support and resistance” is a general concept referring to key levels on a price chart that have historically shown significant importance because they influence price movements. Support refers to a level or area on the price chart where the price typically stops falling and starts to bounce back up. It signifies strong […]
What You Need To Know About CFD Trading
CFD (Contract for Difference) trading is a popular form of derivative trading that allows investors to speculate on the price movements of various financial instruments, such as stocks, commodities, currencies, and indices, without owning the underlying assets. Here are some key points to know about CFD trading: It is important to note that CFD trading […]