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How To Trade Volatility Indices Like Forex

Do you know that you can trade volatility indices like forex on ? Let me explain to you how they work and why you may be interested in them. I will also be sharing signals on Volatility Indices soon. is mostly known for binary options trading and few people know that they do offer volatility indices that can be traded in the same way you trade your forex pairs.   What are volatility indices from ? Volatility indices from  are…

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USDCHF

Trade Updates

Hi, there fellow trader, one of my trades just hit take profit and I wanted to update you about it.   I uploaded this screenshot last week and today my take profit was hit. Let me walk you through the trade so that you can learn a thing or two from that. The trade took about 14 trading days to play out and that demanded patience from me. During those days there where times when the market seemed to be coming back…

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Bearish Flag

Flags & Pennants

Flags and pennants are popular continuation patterns that every trader must know. Flags and pennants closely resemble each other, differing only in their shape during the pattern’s consolidation period. These patterns are usually preceded by a sharp rally or decline with heavy volume, and mark a midpoint of the move.   Flags and Pennants patterns closely resemble each other, differing only in their shape during the pattern’s consolidation period. This is the reason the terms flag and pennant are often…

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Forex-Price-Action-Trading-Course

18. Precautions & Conclusion With Price Action Trading

Some things I have learnt: Levels are not lines drawn in concrete, they get broken. You see, the more a level is tested multiple times, sooner or later it will get broken. From my observations, 2-3 times is the average, after that, expect a breakout of the level.   Don’t listen to analysts. They can stuff up your decision-making process and cloud your judgment.  For example, I see a sell setup on my chart but because I’ve read the analysts…

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2. Why You Should Be Trading Price Action?

Price action represents collective human behaviour. Human behaviour in the market creates some specific patterns on the charts. So price action trading is really about understanding the psychology of the market using those patterns. That’s why you see price hits support levels and bounces back up.That’s why you see price hits resistance levels and heads down. Why? Because of collective human reaction! Price action gives structure to the forex market. You can’t predict with 100% accuracy where the market will go…

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Types of traders

Trader type based on trade duration

There are three general types of active trading; scalping, intraday (or day trading), and swing trading. Scalping Scalping is typically the shortest term style of trading in the markets, as scalpers seek to lower risk exposure by lowering their time in the market. Scalping usually yields the smallest gains per successful trade of the three styles that we will discuss. Pros: Positions are typically only held for short periods of time, allowing less chance for reversals to knock out your…

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REVERSAL TRADERS TRADING WITH THE TREND

Trader type based on trading style

2 Types Of Forex Traders Let’s talk about: the reversal forex traders the breakout forex traders Reversal Forex Traders Reversal forex traders go against the crowd: They sell when others are buying and buy when others are selling. What is a Reversal Forex Trader? A reversal forex trader actively searches for places where the market is likely to reverse i.e change direction. He then ‘lies in wait’ and trades when price reacts in the manner he anticipated. The analysis can…

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Recommended forex brokers for forex traders in Zimbabwe

Challenges faced by Zimbabwean Forex Traders

As Zimbabwean forex traders, we are faced with a number of challenges. The first one is that some brokers do not accept Zimbabweans on their platforms. Thus it can be quite a challenge trying to get a reliable broker who accepts us. There are some shady brokers out there who can make it difficult for you to withdraw your profits.   It does not have to be that difficult for you though, I have compiled a list of recommended brokers…

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Forex scams to avoid

Forex scams to avoid

There a lot of forex scams to be wary of. Forex trading is not a scam but there are some people who use Forex to scam you. Some of the common methods used by scammers are below. Account management This is where someone invites you to ‘invest’ your money with them so that they can trade on your behalf and you share profits. They can promise you profits of up to 300% in 30 days. They usually ask you to…

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Important Forex terms Pips, Leverage, Margin

There is a section on glossary on this site but I thought I would have a section for these words since they are very important in forex trading. Let’s start with pips. What Is A Pip? A pip is the smallest increment of price movement a currency pair can make. For instance, 1 pip for the EUR/USD = 0.0001 and 1 pip for the USD/JPY = 0.01. A pip is a very smallest amount that a currency quote can change and…

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