The Forex market has emerged as the largest financial market in the world owing to its accessibility, liquidity, and international nature, among a host of other factors. Traders, while choosing which market to trade in, are searching for optimal trading conditions and the best chance of taking a profit. Globalization has made everything digital, thus […]
The Average Directional Index (ADX) was plotted to help traders to find trending markets and determine trend strength to remain on the optimal side of a trade. This indicator has earned its place as a staple in analytical trading strategies for 40 years. This ADX is use to identify whether the market is ranging or […]
ADX was created by Welles Wilder in 1978, the Average Directional Movement Index (ADX) is a technical analysis tool used by traders to speculate trend strength as well as trend direction. It is common investing wisdom that detecting and trading in the direction of a strong trend is a profitable strategy with minimal risk. This […]
Trading will be more profitable for you if you execute it correctly. Thus, there are indicators specially designed to understand the strength of trends or at least parts of them. The Average Directional Movement Index (ADX) is an indicator that shows both processes. In this blog, let’s explore the Average Directional Movement. J. Welles Wilder […]
The head and shoulders pattern is a famous price reversal pattern that allows you to analyze if an ongoing uptrend is coming to an end. The head and shoulders chart pattern is well known for trend reversals. It helps you to get an early exit signal. By exiting a stock at the right time, you […]
While trading head and shoulder patterns you should consider a whole range of factors, including the placement of stops, entry levels, and targets. This head and shoulders chart pattern is used by experienced traders to speculate both Forex and stock markets. The benefit of these patterns is to define areas to set risk levels and […]