support and resistance

/Tag: support and resistance

Moving Average | SMA | EMA – Oldest trick or the golden ticket?

Regarded by many as the oldest, lamest trick on the book -- Moving Average -- yet it identifies the trend precisely and remains contemporary. However, it can get you chopped in a choppy market. So, the tricky part is knowing when to embrace the moving averages, SMA and EMA, and when to let go. What is a Moving Average? Moving average is a lagging indicator which smoothens the past price action, filters the noise and decodes its complexity. It doesn’t predict the trend. Instead, it merely identifies the trend. Why is it important? In any field, be it sports or finance, [...]

Moving Average | SMA | EMA – Oldest trick or the golden ticket?2019-05-04T10:19:33+00:00

Risk Management: #9 tips to master the finesse art in Forex trading

Forex Risk Management 'Higher the risk, greater the return' - the most cited excuse by traders when they take on a risky endeavor. But they tend to conveniently forget that risky trades have a low success rate too. Also, generally in trading (in most cases), the number of losses exceeds profits. Traders overcome this predicament by earning more profits in their successful trades.  Hence, risk management takes precedence over strategy in Forex trading. Because to stay long in the league, one needs to cut short his losses and make the most whenever he is right. What is risk management in Forex [...]

Risk Management: #9 tips to master the finesse art in Forex trading2019-03-12T10:31:02+00:00