A funded trading program is an opportunity for a trader to access a large capital base, providing enough leverage for profitable trading. Once you successfully pass the challenge and begin trading with allocated capital, profits are shared between yourself and the Proprietary Firm. For example, you will pay $100 to apply for the challenge. In this challenge, you will receive $10,000 in your demo account. Once you increase the account by 10%, you will gain access to a live forex account funded with $10,000. After this, whatever you make, you can keep 80-90% of the profit, and the rest is a fee ..read more

TradingView Plans – Free vs Paid – Since 2005, I’ve been involved in trading markets. In the early days, there was no competition for the MetaTrader4 trading station. Even though I spent a plenty amount of time trading on MT4, I decided to explore TradingView. Initially, I used the free plan, but later I upgrade it at paid. In this article, I will share the reasons behind my move to paid plan. What is TradingView? TradingView is a web-based platform providing powerful tools for financial market analysis. offers interactive charts and a social community for traders and investors. With customiza ..read more

What is the Double Top Pattern? The Double Top is a multiple candlestick chart pattern that forms at the end of a uptrend and indicates that a bearish reversal is taking place. The double top pattern is a signal that the trend might be changing. It looks like an “M” and usually happens when prices are going up. There are two highs at about the same price, forming a resistance level. When the price fails to go even higher, it shows that the buyers are losing momentum. Multiple candlestick chart pattern Trend reversal pattern Strengths and Weaknesses Like the double bottom, the double top is a ..read more

Check the video for some tips on how to draw support and resistance price levels. The post How to Draw Support & Resistance Levels appeared first on Daily Traders ..read more

The Candlestick Patterns eBook contains the top 34 candlestick patterns. In the book, you can find all the popular patterns categorized into the following four groups: Bullish Reversal Patterns Bearish Reversal Patterns Continuation Patterns and Neutral Candlesticks Patterns Each pattern is illustrated, aiding your visual understanding of how each pattern works. In addition to the patterns, there is an explanation of candlestick bodies and some additional information about trends and patterns. The eBook is essentially a summary of all the patterns from our database. The Candlestick Patterns ..read more

High-Low Insider is a custom indicator for the MetaTrader 4 trading platform. A friend of mine coded it for my specific needs. At the end of this article, you can find the download link following the videos about the indicator. The indicator is based on the previous day’s high and low levels. The next day, prices react perfectly to those levels, so I found a way to benefit from it. Indicator will help you to: Get more clear picture of the market in general To detect triangle chart patterns To detect double tops and bottoms chart patterns To understand price range in current day To improve any ..read more

When you start using any software, it can be really frustrating in the beginning. This series of short videos is going to help you resolve simple problems that you may be facing as a new user of the TradingView platform. Short and concise guides on how to use TradingView options and the platform will cover solutions for the problems listed below: How to Drag Chart Up and Down in TradingView (Step by Step Guide) How To Invert any Chart on TradingView (Step by Step Guide) How to Add Text On Trend Lines in TradingView How to Reset Price Scale on TradingView (Step by Step Guide) How To Lock Drawi ..read more

The daily AUD/USD chart below clearly shows key levels, including both support and resistance. The blue upper trend line distinctly connects the tops, while the red lower trend line links the bottoms. This creates a triangle pattern on a larger time frame. Presently, the price is encountering support, and the candlestick formation over the last two days suggests a potential trend reversal. Once the price breaks below the support line (the first horizontal red line), it is anticipated to decline all the way to support 1. Although there is a possibility of the price retesting the resistance tren ..read more

Looking at the H4 timeframe, the Bitcoin price is moving in an ascending channel. The horizontal blue line (previous day high) and the upper blue trend line represent resistance price levels, while the lower horizontal line represents the previous daily low, and the support (red) trendline will most likely support the price. Examining this chart, we observe a combination of a sideways trend and an ascending channel. The price is slowly moving upward, gravitating towards higher price levels. The daily chart clearly shows an ascending channel. However, the price is slowly progressing in a bullis ..read more

Yesterday, we observed an increase in the gold price. As the price approaches its all-time high, trading becomes increasingly risky. Regardless of your plan or the suggestions of your strategy (whether to sell or buy), the risk is too high. Whenever the price is close to its all-time high, there is a significant chance that the market will push the price to reach or even break that level. On the other hand, the price can easily undergo corrections. The chart below (XAU/USD at the H4 time frame) will help you position yourself better to gain profit from trading gold. The blue trend line represe ..read more