What is the Double Bottom Pattern The Double Bottom is a multiple candlestick chart pattern that forms at the end of a downtrend and indicates that a bullish reversal is taking place. This pattern consists of four candlesticks. Understanding the Double Bottom Pattern The Double Bottom candlestick pattern consists of four candlesticks. The first candlestick …
What are trading channels? A trading channel is a chart pattern highlighted by two parallel lines: an upper line (resistance) and a lower line (support). The price moves within the middle of these lines. Trading Channel Basics There are three main types of channels: Horizontal channels represent sideway trend on the market. Ascending channels represent …
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What is the Ascending Scallop? The Ascending Scallop is a multiple candlestick chart pattern that indicates that a bullish continuation is taking place. This pattern forms close to the peak of an uptrend in the market. Understanding the Ascending Scallop The Ascending Scallop is a candlestick pattern that consists of multiple candlesticks. The first candlestick …
Relative Strength Index (RSI) Summary It was built by renowned J.Welles Wilder, a former mechanical engineer who later became a technical analyst. The Relative Strength Index (RSI) is a widely recognized and generally used momentum oscillator. RSI determines the price momentum of a stock or other investment products. The RSI’s central objective is to detect …
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Prices of international currencies fluctuate in response to a broad range of events that affect both the circumstances in a particular country and the global economy. It indicates that social, economic, and political factors impact the supply and demand for a currency pair. Therefore, forex traders can execute profitable trades if they understand what influences …
A margin call in Forex is an event that occurs when a trade moves against you and your account equity drops below a certain level set by your broker. When a margin call occurs, the trader must add more equity to the account. For example, if you have $2,000 in your account and you trade …
Margin is the amount of money that you need to place a trade. It varies by the broker and is based on several factors, including currency pair volatility and liquidity. The higher the volatility and lower the liquidity, the higher the Forex margin. Brokers want to encourage free trading, but they also have to balance …
I have stood on a mountain of no’s for one yes.
Barbara Elaine Smith
