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Feb 14, 23 •
1431 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on Throwbacks and Pullbacks in Forex Trading
Since throwbacks and their opposites, pullbacks, cause panic and early exits, novice traders hate them the most. You can, however, learn to protect your position effectively and even use these patterns to accumulate profit because they tend to occur...
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Jan 25, 23 •
3817 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on Using Ichimoku Kinko Hyo: An Effective Approach
Indicators like this might intimidate newbie traders just by their name, but they won’t change their minds once they see them on the chart. Indicators such as Ichimoku Kinko Hyo seem complicated and difficult to use, which is why many traders avoid...
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Jan 24, 23 •
1136 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on Forex: Keep an Eye on the Momentum
A momentum trade relies on taking advantage of a market’s current trend, which may increase or decrease in price as it gains velocity. The currency and stock markets, volatile and liquid, are the most common markets in which momentum trading occurs....
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Jan 5, 23 •
1330 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on The 4 Best Forex Trading Strategies for Trading News
Investing in the news is a great opportunity you can’t afford to miss. In the forex market, news trading provides the greatest opportunity for profits since it can generate instant profits within minutes. Traders tend to avoid trading the news because...
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Dec 23, 22 •
1077 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on Distinguishing Between Good and Bad Trading Strategies Like a Pro
When it comes to forex trading, whether or not a trading strategy is good or bad almost entirely determines whether or not it is profitable. The success rate of a trading strategy is the best indicator of its effectiveness. A good trading strategy yields the...
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Dec 19, 22 •
1428 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on Breaking Down the 5-3-1 Trading Strategy
Forex traders use this simple strategy to determine which forex trading plan is best for them based on their trading style. The 5-3-1 strategy is particularly beneficial for new traders who might feel overwhelmed by the number of available currency pairs and...
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Dec 1, 22 •
1603 Views •
Forex Indicators, Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on Top 4 Trend Strength Indicators Every Trader Should Know
A trading strategy must be able to interpret the market’s directional movement based on the trend so that it can be applied at the right time. This article aims to provide traders with an overview of the top 4 trend strength indicators that allow them...
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Nov 26, 22 •
1627 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on Best Indicators for Scalping Trading Strategy
In a market where ticker tapes never stand still, scalpers profit from small movements. For years, day traders relied on Level 2 bid/ask screens to detect supply and demand imbalances, which differ from the average person’s National Best Bid/Ask Price...
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Nov 11, 22 •
1483 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on What is the Parabolic SAR?
Traders use indicators such as parabolic SAR and parabolic stop and reverse primarily to estimate a given asset’s short-term momentum in the future. A trader can easily use this indicator, developed by the famous technician J Welles Wilder, Jr, to...
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Oct 28, 22 •
1848 Views •
Forex Trading Articles, Forex Trading Strategies •
Zahir Shah
Comments Off on How Do You Backtest Effectively?
In backtesting, a strategy or concept is tested for past profitability manually or systematically. To determine if a trading strategy shows promise and profitability in several markets, a trader can backtest a strategy manually or with backtesting software....