finance – Page 3 – Djremixganna

Why Price Action and Volume Are Key to Effective Trading Strategies

The screens of most traders, mainly beginners, are clamoring with numerous indicators, tools, and trading strategies available, each telling them that the next magic indicator would guarantee success in the market. This category of traders might spend hours and hours in research, trying to identify or develop some “magic indicator” that will make them seek … Read more

How to Effectively Use Fibonacci Retracements in Forex

Most traders have faced problems applying the Fibonacci retracement tool, and hence they get frustrated with far too frequent stop-outs. This arises because most of them fail to understand how to apply the tool in determining the trends and reversals in the markets. By learning the right applications of Fibonacci retracements, one can understand the … Read more

How To Identify Short Covering and Long Unwinding with OI

Many a time it is witnessed that several trades in the live market do not see the right anticipation of short covering or long unwinding and, therefore, miss an opportunity or get into unprofitable trades. All the more it becomes challenging, because Nifty and Bank Nifty are two dynamic markets where traditional indicators mislead, in … Read more

What Is Economic Calendar? How To Use The Economic Calendar For Trading?

Among the greatest challenges facing traders is how to overcome the market volatility brought about by economic news events, a series of unforeseen economic data releases, which can result in price movements and amplitudes of a major order of extremes, hence proving quite a challenge for traders to stay the course and work out the … Read more

What Is Naked Trading? The Most Important Rule In Day Trading

Many traders face challenges in day trading since they over-rely on indicators and have no proper knowledge of trading basics. This article will guide you through mastering naked trading with the help of support and resistance levels and trend lines in TradingView, to ensure you make decisions based on important information, not indicators. Trading days … Read more

What is Price Action And Momentum? Best Price Action Trading Strategy

Trying to understand when, or if, price action will finally reject off support and resistance levels is something that creates enormous problems for many traders and even often leads to uncertainty, thus causing bad entries and unnecessary losses in trades. In this article, we’ll use TradingView as we outline an astoundingly powerful strategy based on … Read more