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You may have already heard popular phrases like “The trend is your friend” and “follow the trend”. But, what is a Trend, exactly? In its simplest definition, a Trend means the direction of the market....

Another popular tool that traders use is the Trailing Stop. Trailing Stop is placed on an open position, at a specified distance from the current price of the financial instrument in question. The dis...

When I explained what a Trading Strategy is based on in the Trading Basics series, I emphasised the three principles of Technical Analysis – do you remember them? They are: Market action (price)...

One of the most important pre-calculated price levels used by traders today is called Take Profit. This is a type of pending order that is placed to close a profitable position once the market reaches...

A swap in forex refers to the interest that you either earn or pay for a trade that you keep open overnight. There are two types of swaps: Swap long (used for keeping long positions open overnight) an...

Support and resistance levels are crucial for traders who use technical analysis. These levels show where the focus of supply and demand come together, which helps traders to determine the psychology ...