Identifying Head and Shoulders Patterns
What is a Head and Shoulders Pattern? The Head and Shoulders pattern is a reversal pattern that signals a change in trend direction. It consists of three peaks: a higher…
18 reasons why you must use stop-loss orders
What happens when traders do not enter stop orders? What is a stop loss and where do I place it? A stop loss is an order that will automatically…
The key differences between day trading and gambling
If you want to build a career in trading treat it as your business, not your hobby. If you are trading for entertainment, (like when people go to horse racing…
For the first few years of my career, I believed trading was nothing more than a high-stakes gamble.
Here's what changed my mind and set me on a path to success... I discovered that successful traders need an edge, much like how casinos profit over time. For me,…
Technical analysis: Identifying Triangles and Wedges
Understanding Triangles Triangles are among the most common chart patterns in technical analysis. They are continuation patterns that indicate a period of consolidation before the price continues in the direction…
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