Six steps for creating a trading plan
With a strong trading plan in place, you'll understand what trades to place and when – and most importantly, why. It takes a lot of stress out of your day-to-day trading and gives you something to measure your results against.
Explanation of different types of candlestick patterns
If you want to try predicting the markets using a candlestick chart, here are some of the most popular and useful patterns to keep a lookout for.
What is Ichimoku Cloud and how to read it?
The Ichimoku Cloud consists of five lines plotted on a candlestick chart. Being originally a Japanese indicator, many of the original terms have Japanese names, so let’s start with them...
What's the difference between Long and Short Positions?
With CFDs and FX trading you can take a view that a market will go up (buying) or go down (selling). When you buy, it is known as ‘going Long’. When you sell, it is called ‘going Short’, as in that you are short of shares.
What is Parabolic SAR and how does it works?
The Parabolic SAR, a technical indicator used by many traders, was developed by Welles Wilder who introduced the system in his book, ‘New concepts in Technical Trading Systems’ in 1978. Let's have a look at what is Parabolic SAR and how does it works...