Understanding Market Manipulation and Stop Runs
Forex Training Group
by Vic Patel
1y ago
Market manipulation is an intentional distortion of price action to deceive market participants through illegal or unethical means for selfish interest. This could either be to falsely inflate or deflate price. The goal of market manipulation is to capitalize on favorable artificial market movements for personal gain.   A definition of what market manipulation means might not just do enough justice for the question you are most probably craving to be answered – How and Why is the Market Manipulated? But before we go into that, I would like you to understand what a market manipulation ..read more
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What is the Role of Volume in Forex Trading?
Forex Training Group
by Vic Patel
2y ago
Volume figures in Forex represent how much of a currency has been traded over a particular time period. Some traders might simply look at this number and think ‘Oh, it’s a busy day!’, whilst other more experienced traders will be able to correlate volume with prices, better understand sentiment trends and create actionable steps for their trading decisions. These are what we call Volume Trading Strategies and will form a large part of this in-depth guide. Is Volume Data Accurate? Yes and No. Volume data on a single exchange should always be accurate, but Forex does not work on a single exchang ..read more
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What The Doji Candlestick Pattern Reveals
Forex Training Group
by Vic Patel
2y ago
One of the most common subsets of price action trading involves the use of candlestick patterns. Candlestick patterns offer valuable insights into the market action and can help traders position for the next price move. There are literally dozens of different candlestick patterns that traders can follow. One of the more common formations within this class of patterns is the Doji candlestick, which will be the focus of this article. What Is The Doji Candlestick Pattern? Within technical analysis, a Doji is classified as a single candlestick pattern wherein the open and close of a specified inst ..read more
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How To Build A Crypto Day Trading Strategy
Forex Training Group
by Vic Patel
2y ago
Cryptocurrencies have become increasingly popular trading instruments. Crypto investors and traders can choose among a myriad of trading styles and techniques. In this lesson, we will dive into the basics of daytrading digital currencies and highlight some of the most important considerations when engaging in short-term trading. Best Cryptos To Day Trade Before we can start discussing the different techniques for day trading cryptos, we must first take some time to study the different crypto currency trading instruments and select those that present the best characteristics for short-term dayt ..read more
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Wolfe Wave Pattern Analysis And Strategy
Forex Training Group
by Vic Patel
2y ago
The Wolfe wave chart pattern is a powerful formation that is often seen near terminal points of a price trend. As such, it is considered a countertrend trade set up. The Wolfe wave pattern has been shown to be a reliable set up that technicians should study and be aware of. This article will highlight the most important aspects of the Wolfe wave pattern and some of the best practices for applying in the market. Understanding Wolfe Waves A Wolfe wave is a unique pattern that appears in the price series. A Wolfe wave consists of five waves within the context of a bullish or bearish market trend ..read more
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Analyzing Market Breadth With The Advance Decline
Forex Training Group
by Vic Patel
2y ago
The advance decline line is a lesser known technical indicator compared to other more popular trading indicators such as the RSI, Stochastics, and MACD. While these other indicators are momentum based indicators, the A/D line indicator is unique in that it is a market breadth indicator. In this lesson, we will focus on a discussion of the A/D indicator and its application within the equities market. Advance Decline Line Indicator The advance decline line, also known as the A/D line is a popular market breadth indicator commonly used in the stock market. The A/D line essentially measures how ma ..read more
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How to Use The Money Flow Index (MFI)
Forex Training Group
by Vic Patel
2y ago
The money flow index indicator is a popular trading indicator that is quite useful in predicting market turning points. It has many similar characteristics to other momentum based oscillators but is unique in that it incorporates a volume component into its calculation. We will devote this article to discussing all aspects of the money flow indicator and present some ideas for effectively trading with it in the market. Money Flow Index Indicator The money flow index indicator, commonly referred to the MFI oscillator, is used to help measure the buying and selling pressure within a financial in ..read more
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A Smart Approach to Cutting Down Your Crypto Taxes
Forex Training Group
by Vic Patel
2y ago
Cryptocurrency has been one of the hottest topics in the finance world for a while now. Although the market is volatile, studies suggest that crypto investors can still make impressive profits. Many investors are already making a lot of money from buying and selling virtual currencies. If you’ve already purchased some, stay alert and find the best time to cash out. However, you’ll probably need to deal with taxes before that time comes. If you are selling cryptocurrencies for profit, taxes are part of the process. Cutting down your crypto taxes will help you save more. First, you’ll need to un ..read more
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Comparing Different Technical Oscillators
Forex Training Group
by Vic Patel
2y ago
Technical based trading is extremely popular among both novice and professional traders. There are countless technical methodologies that can be implemented in the market. One such method includes the use of technical oscillators, which will be the focus of this article. Technical Trading Oscillators An oscillator is a technical study which traders can use to help them in determining whether a market is trading within an expected range or is trading outside of an expected range such that the market can be considered as overbought or oversold. While some oscillators help in gauging the extremes ..read more
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Ultimate Guide To The Connors RSI (CRSI) Indicator
Forex Training Group
by Vic Patel
2y ago
There are many traditional technical indicators that traders can access through their charting platform. One of the more popular of these indicators is the RSI indicator. Although the traditional RSI indicator can be a great timing tool, there have been some efforts by traders to improve on it. In this lesson, we will discuss a variation of the RSI indicator, namely the Connors RSI indicator, which we believe to be a superior technical tool for short-term traders. Connors RSI Indicator The Connors RSI indicator, commonly referred to as CRSI, is a momentum based indicator that tries to improve ..read more
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