Traders Blog

One of the most common ways to trade the financial markets is to use a pullback trading strategy. Getting into a market that has formed a trend but then goes against it, as most markets do over time, is all that is required. It is important to remember that it doesn’t last forever when there is an upsurge. There are times when people look for value and when the market drops a little after a sudden rise. It is now possible for traders who missed the start of the upswing to get into it, which they almost always do. A price move against the trend is called a “pullback.” It’s just a tiny blip on the price chart before the

The evening star pattern is a candlestick pattern that appears at the end of the uptrend, signalling a downward trend. Meanwhile, The Morning Star is a pattern of candles that appears at the end of a downtrend and signals an upward turn. Entrepreneurs need to be aware of these different trading patterns, and Evening Star is an important part that needs to be addressed. When the Evening Star signals that the uptrend is over, it looks like a red flag to South African traders, signalling that it’s time to disclose earnings. In this blog, we will understand the Evening Star model’s origins and explain how you can trade it correctly. What is the evening star pattern all about? The evening

As its name implies, the Symmetrical Triangle Forex is part of the Triangle family of charts. This candlestick chart pattern makes it easy to identify Forex traders, and it is possible to trade such patterns successfully. In addition, the candle chart pattern frequently occurs, which is an integral part of technical analysis. Patterns such as this are continuation patterns, and their location during a trend provides a Bullish or Bearish market outlook. A Symmetrical Triangle forms due to a price consolidation within a current trend. It is common for buyers to book partial profits or exit entirely after entering the initial phase of the trend. The triangle breakout attracts more investors and further drives up the stock price by offering

According to the chart pattern analysis, a symmetrical triangle pattern is formed when the price moves sideways. Two parallel trend lines converge until the intersection point, considered a neutral pattern. We will analyse how can you trade with the symmetrical triangle pattern. This article will look at what the traders understand through the symmetrical triangle and its trend. We will also share a basic trading strategy centred around symmetrical triangle patterns. Symmetrical triangle definition There are many different triangle chart patterns, but the most common is the symmetrical triangle. It is composed of swing highs and swing lows smaller than the previous one. It creates a symmetrical triangle in the form of a spiralling price movement. The trading activity decreases

Several forex traders in South Africa are unclear about the tax implications for South African Forex traders. SARS does not see the gains made from their trading because many trading accounts are overseas. Some traders open trading accounts with forex brokers based in South Africa and brokers with local branches. In this case, their capital will not leave South Africa. Traders in the forex market are primarily focused on making successful trades and seeing their forex accounts grow. Many people think about making money in the short term without considering the longer-term ramifications in a market where the value of money can change in a fraction of a second. Nonetheless, it usually makes sense to consult a tax professional before

Today, we’ll take a look at Canada’s forex market. It is one of the world’s strictly regulated forex markets. You are certainly going to enjoy an immaculate trading environment. However, you’ll face some trade restrictions in this market due to high leverage ratios. The good news is that you still have opportunities to gain considerable benefits. Guess what you require? A feasible plan, a solid trading plan, and a reliable online forex broker. To perform trades, there is one thing that you should keep in mind. Authorisation from the Canadian financial regulatory authority IIROC is a must. This guide will walk you through what forex trading is like in Canada. How to begin trading forex in Canada? Notwithstanding the strict

The Forex divergence occurs when a currency pair’s price moves in one direction, but the trend indicator moves in the opposite direction. Both positive and negative signals can occur with divergence. Divergence in Forex occurs when there are no clear directional trends, and traders use the Forex divergence strategy to signal to move forward. Usually, this involves taking positions with both sides of a trade. Discover what divergence in Forex is, what indicators help detect Forex divergence, and how Forex traders use it to make money. What is divergence in Forex? When Forex divergence occurs, an asset moves in the opposite direction to a technical indicator. The trading divergence signal is often a momentum oscillator or relative strength indicator. Divergence appears in Forex trading as a sign that

Right through this guide, we will have a detailed discussion about what engulfing candlestick is and how you can trade with it. Of course, we all know that the candlestick pattern is important to analyse the price action in any stock market. Engulfing candlestick pattern is categorised into two forms, i.e., bearish and bullish. These are the easiest candlestick reversal patterns for identification. Just because these candlestick patterns are known to be two-candlestick patterns, they are more valid and looked upon as reversal patterns. To trade with engulfing candlestick patterns, it is important to first start with the scanning of charts from daily, weekly and monthly. Later on, you can move to the lower time frames. What is the engulfing

Beginner forex traders need to learn the fundamentals of long and short trades. This learning will play a role in getting maximum profit. “Go Long” and “Go Short” are two terms used interchangeably in the forex market. Therefore, you need to understand the fundamentals of short and long trades in Forex. As in any trading market, long trade in foreign exchange (FX) implies that you buy with the expectation that your investment will increase. In contrast, short trade implies that you buy with the expectation that the price will fall. What does it indicate to have long or short trades in the Forex market? If you’re relying on a currency pair to rise or fall in value, you’re taking a

A trendline in Forex is one of the most straightforward and valuable tools traders have available. Find out what trend lines are, how to draw them, and three powerful strategies for trading with them in this article. Trend lines have gained popularity as an indicator of possible support or resistance level. However, one question still lingers in Forex traders‘ minds – how to draw trend lines? What is a trendline? A trendline is a line traders draw on charts, connecting a series of prices or representing the best fit of some data. A trader uses this line to anticipate how an investment’s value might move. In trendline analysis, a trendline is drawn over the significant highs or below the significant lows to indicate the