Although traders should have a little more, 25% of discipline is important in everybody’s life. Every trader loses discipline at some point in the time in life as it is highly challenging to remain in discipline when trading. It is the emotions and state of
Price action is a highly complex term for the beginners as usually they are taught that it is the change of the price of a currency pair in a particular period. The definition leaves them baffled as if the price action is just a change
Swings are a great way to identify the correct stop loss and target points. If you can identify a swing, you can easily make out the high probability target areas by drawing the Fibonacci extension.
The general rule that the traders follow is to buy and
You will be surprised to know the answer which is – we don’t know – as Fibonacci numbers work on almost everything from DNA to the universe. It works on everything that you see in this world and so is in our forex world. Nobody
There are two types of trading in the forex market as it is open 24X7. These are:
Interday trading (Explained in part 2 of the article)
Traders call day trading as intraday trading. This is a kind of trading in which the forex