Price action simply refers to a market’s price movement on a chart and traders who look at pure price action alone tend to do so without…

Trading based on emotions is one of the leading factors that causes beginner traders to fail in the competitive world of online trading.

Placing a stop loss order to protect yourself against the inherent risk that trading comes with, is a crucial part of trading and risk management. When beginner traders start out…

Trading with indicators offer an objective and statistical way of performing technical analysis that allow traders to take a closer look at price action and the underlying effects that are generally not perceivable with the naked eye.

Most traders who have been trading long enough have somewhere along the line been exposed to mechanical trading systems, expert advisors (EA’s) or trading robots…

By Richard K. Introduction to Developing a Confident Trading Mindset It is a sad fact that most people who enter the world of online trading will lose their trading capital in a very short space of time. There are plenty of factors that contribute to this like: Unrealistic expectations. Lack of proper trading education. Lack […]

Elliot Wave Theory

By Richard K. Introduction: Trading Using Elliott Wave Theory The Elliott wave principle was developed by Ralph Nelson Elliott and is used as a form of technical analysis that practitioners use to determine financial market cycles and trend forecasting. His theory proposed that market prices unfold in repeatable patterns or “waves”, as most traders familiar […]

By Richard Krugel Updated February 20th, 2020 Introduction: How to Draw Trend Lines Correctly One of the simplest technical drawing tools is the trend line and traders use them as a visual marker that can indicate a trends direction or serve as a warning sign that a trend is about to change direction. Formulating a […]

By Richard K. Introduction to Trading Patterns Technical Analysis Many people think that price action on a chart is completely random but anyone who has been trading long enough would tell you that there are a wide range of trading patterns that repeat themselves in any market and on any time frame. The trading patterns […]