The broker review platform built for informed traders.
Introduction to Pivot Point Trading Strategies Pivot Point trading strategies are widely used by day traders to gauge the market sentiment and generate trading signals. This strategy involves identifying pivot points in the market, which are specific price levels that are likely to trigger significant price movements. These pivot points are calculated using the high,…
Introduction to Fibonacci Trading Fibonacci trading is a popular technique among technical traders which is based on key numbers identified by mathematician Leonardo Fibonacci in the 13th century. Fibonacci’s sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. In technical analysis, Fibonacci trading uses…
Elliott Wave Forecasting Models The Elliott Wave Principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. This article will delve into the specifics of the Elliott Wave forecasting models,…
Introduction In the world of finance and investment, risk management is a critical aspect that can determine success or failure. It involves identifying, assessing, and prioritizing potential risks to minimize their impact on investment returns. One of the techniques used in risk management is technical analysis. This method involves using past market data, primarily price…
Trend Line Drawing Methods Trend lines are an important tool in technical analysis for both trend identification and confirmation. They are a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. In this article, we will explore various trend line…
Introduction to RSI and Market Momentum The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It was developed by J. Welles Wilder and introduced in his 1978 book, “New Concepts in Technical Trading Systems.” The RSI is considered a leading indicator, meaning it can often predict…
Introduction to Dow Theory Dow Theory is a type of technical analysis developed by Charles Dow, the co-founder of Dow Jones & Company and The Wall Street Journal. This theory is based on his collection of editorials discussing the stock market. While Dow himself never used the term “Dow Theory,” it was later coined by…
Understanding RSI Divergence for Trade Entry In the world of trading, the Relative Strength Index (RSI) is a vital tool that helps traders in making informed decisions. One of the ways traders use the RSI is by looking at divergences, which can be a powerful signal for a potential change in price direction. This article…
Introduction to Advanced Ichimoku Cloud Strategies Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum, and provides trading signals. The Ichimoku Cloud is a comprehensive indicator, providing more data points than the standard candlestick chart. Although it may appear complex for beginners,…
Backtesting Trading Indicators: A Comprehensive Guide Trading indicators are essential tools for traders, helping them make informed decisions based on historical data. One of the most effective ways to determine the reliability of these indicators is through backtesting. This article provides a detailed guide on backtesting trading indicators. What is Backtesting? Backtesting is a method…