Pattern trading in forex is a popular method of technical analysis based on the observation of similar chart patterns in the past which helps in predicting future price movements. As market psychology is formed by the actions of traders, it results in the distribution of trades across price and/or time which we call patterns. These can be grouped as a continuation pattern (the … [Read more...]
Is Forex Trading or Scalping Profitable?
Forex trading can be profitable, however, it might present some risks along the way. The forex market is extremely liquid and open 24 hours which means more opportunities. But specific factors play an essential role in whether profit is achieved or not. First, you need in-depth knowledge of the markets, both in terms of how they operate and what is driving price movements. You … [Read more...]