Pin Bar, short for ‘Pinocchio Bar,’ is a single candlestick setup that clues price action traders into potential reversals in the market. A pin bar candle is an elongated wick that ‘sticks out’ from price action. Traders will usually look for one-sided wicks that are two times the size of the body of the candlestick. i. Identify pin bar candles The […]
Venturing into the world of Forex trading is like stepping onto a battlefield. Success doesn’t just come from courage or instinct—it stems from preparation, strategy, and the tools at your disposal. Much like a seasoned soldier would never go to war without a Swiss Army Knife, a wise Forex trader should never enter the market
The foreign exchange market (Forex or FX) is the largest and most liquid financial market in the world, with a staggering daily trading volume exceeding $6.6 trillion—far surpassing the stock and bond markets combined. At its core, Forex trading involves buying one currency while simultaneously selling another, with the aim of profiting from fluctuations in
Like a bar chart, a daily candlestick shows the market’s open, high, low, and close prices for the day. The candlestick has a wide part, which is called the “real body.” This real body represents the price range between the open and close of that day’s trading. In the first part, we are going to cover how to read
When opening a brokerage account, many investors are taken aback by the extensive personal information requested. While it may seem intrusive, brokers are not asking for these details out of curiosity they are legally obligated to collect them. Regulatory bodies, such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), mandate strict compliance