Support and Resistance Levels in Forex Support and resistance levels are key prices at which the direction of a currency pair may change. These levels mark potential turning points in the market. What Are Support and Resistance Price Levels? Support levels indicate where buying interest is strong enough that the price is likely to stop […]
Effective risk management separates profitable traders from gamblers. Without controlling risk, even high probability setups can sink accounts due to normal periodic losses. Risk management preserves capital so you survive to realize long-term edge. Mastering risk leads to sustainable growth. Why is Risk Management Important? Losses are an inevitable part of trading. No system or
Price action analysis involves interpreting candlestick charts to identify high-probability trading setups. By telling the story behind price movements, candlestick patterns reveal shifts in supply and demand. Part 1 – Key Bullish Candlestick Patterns Bullish patterns indicate strengthening upside momentum. For example, the hammer shows buyers stepping in during a downtrend, pushing prices up off
Support and resistance levels are key concepts in forex trading. Support is a price level where downward momentum slows and buying pressure overcomes selling, while resistance is where upward momentum slows and selling pressure outweighs buying. At Currency Trade, our forex trading courses teach how to identify support and resistance levels on charts. We cover
What is TRADE FOREX Forex, short for foreign exchange, is the trading of currencies on the global decentralized market. It’s the conversion of one currency into another currency for various reasons, usually for tourism or commerce. The forex market is the largest, most liquid market in the world with over $5 trillion traded daily. When
