#forex 4 hour price action

[novagad]

How can I learn how to trade Forex and stocks?

How to trade Forex or Stocks ?

Trading can be a very lucrative work. However, the sad reality in trading is that many people fail to succeed at this endeavor. I will explain to you exactly why and how you can be part of the minority that prospers as a successful trader. I am myself a trader for now more than 4 years and everything that I will share with you comes out of experience. And so, if you want to learn how to trade forex or stocks, you must first understand why many people fail at it. Even the smartest and most educated of the society do and this is not related to IQ. Here’s why:

1) The masses have the wrong information about trading; they believe it to be “a get rich overnight��� thing. The truth is, it’s totally the contrary. Any other job in the world that has a high pay requires you to study for years and get many hours of practice and lesson. Why would people think otherwise about trading? Probably because of all the scamming that is going on around in social media. Those people sell a dream, they sell lies and make all their money by doing so and none from trading. Therefore, the first thing you need to understand if you want to make money trading is that this won’t make you a millionaire overnight.

2) They do not take any course and simply jump right into to trading thinking they’re smarter than everyone else. They might start trading in a demo account and make some good amounts of profits luckily or find an interesting indicator that will lead them to believe they found the secret formula. Putting your money at risk with no previous education and experience is to be a complete fool. And regarding indicators, they are not the answer. Yes, they help in chart analysis and I do recommend them but what truly matters is the price action itself. That is, making decisions based the candlestick formations you see on your chart.

3) They do not have a plan. They are not prepared to trade the markets neither know what they’re doing. They open positions simply because their gut tells them and opens all kinds of them. Without a plan, you’re guaranteed to fail miserably. You must have a strategy in mind and steps to execute it accordingly. If you’d like to learn how to find a trading strategy that suits you without losing money, then you may want to read on as I will explain this later.

4) Poor money management. They take absurd risks in each of their positions. There is math in trading and you must understand that the higher your risk per position, the less turns you have. Sure, you may make a gain of 10% out of one position but you may lose that 10% as easily and even more. The successful traders use minimal risk so that they have as many shots as possible to let their edge in the market work itself out over time.

5) They have no psychological control over themselves and no discipline. Professional traders are like monks. It’s not as what you see in the movies. Trading is boring as you spend your days sitting in front of a screen and waiting for the right opportunity to catch a move. A successful trader will not have any kind of emotion within themselves and simply stick to their rules and keep executing his strategy. Whether a position is a winner or a loser, it doesn’t affect them emotionally. The reason why is because they have a working plan and strategy. Them getting emotional over the output of a trade is not going to help at all but in the contrary, it’s going to cost them a lot of money. Making decisions based on emotions and going against your rules and strategy is guaranteed to fail.

6) They repeat the same mistakes repeatedly without improving themselves and keep no records of their trading. Some things in life must be learned through trial and error and trading is part of it. Of course, if you don’t know what you’re doing in the first place, you wouldn’t learn anything off your mistakes. But if you do have a certain plan or strategy, then the mistakes you make are valuable lessons. You must keep track of the positions you get into, your losses as well as your wins, so that you can analyze your trading and understanding where you can improve yourself and what you should keep doing or stop doing.

These are the most common reasons people fail at trading. Ultimately, they have false expectations, they do not do any research and have no plan or strategy, they trade without having any experience, they take absurd risks and their trading decisions are based off their emotions be it greed or fear. You need to develop a trader’s mindset and way of thinking. The best way to learn how to do that is to learn from someone else, that is; buying a book from a person with reputation in the subject.

Now, after having understood why there are so many failures in trading, I can explain the steps you need to take to become a profitable and successful trader. For the sake of keeping this answer short and as straight forward as possible, these are very simplified steps.

1) When making trading decisions, you base yourself on either technical analysis, which is analysis the charts, or fundamental analysis, which is looking at the numbers and at the policy of said company or country if you’re trading FOREX. The most used and suggested type of analysis for retail traders is technical analysis since you have real time information as to what’s going on in the market. And so, if you do not yet have the basics of technical analysis, I suggest you find a website that talks about it for free. Keep in mind, if you’re interested in more advanced teaching in technical analysis, there are many books out there.

2) Once you understand how the market moves and how technical analysis works, you need to develop your strategy. How can you do that? By looking at the charts and finding patterns or moves which you could’ve taken. Find those patterns that happens on multiple occasions and take screenshots of them and have it all categorized properly. Here is a very simple one, the continuation pattern:

Now you may notice I am using different indicators on my chart. The lines that you see are exponential moving averages which I basically use as an indication of the trend and as support and resistance in cases where applicable. If you’re interested in knowing how exactly the exponential moving average works then you can read about it in this article by Investopedia here. When a cross over happens with those EMAs, it is a sign that the market is shifting its trend. With experience and practice, you will be able to tell when the right opportunities present itself.

Regarding the indicator at the bottom window, it’s called a moving average convergence divergence (MACD). It is basically used to determine the momentum of the market. If you’d like to know more about it then I suggest you read this article by Investopedia here. Keep in mind that indicators are solely used to help make trading decisions. As a trader, I have learned to associate patterns in the market with how my indicators act. Therefore, I can always make a correlation between my technical analysis and my indicators.

Before moving to the next step, I would like to talk about the 2 major trading styles which is day trading and swing trading. A day trader is mostly like a person who works from 9 to 5. Since they place their trades on the lower timeframes and their trades last on average from a few minutes to a maximum of a few hours, they tend to sit in front of their computer during market hours. However, a swing trader doesn’t have to spend many hours behind his computer since his trades can last from about a day to a few weeks in some cases. A swing trade catches the big moves the market makes in direction of the trend or after pullbacks. The screenshots shared above are all swing trades that have lasted a few days if not, weeks.

I highly recommend anyone that is interested in trading to adopt the swing trading style because not only does it give you more freedom but since the trades you place are on the higher timeframes; thus, the trends are more important, you tend to have a much higher win to loss ratio. While as a day trader, you trade the ups and downs that happens in the market within a day and within the actual longer time frames. A swing trader may place about 3 to 5 trades in a given month while a day trader may place at least 5 times as much if not more. You must understand that trading the long-term trend is safer and holds higher probability of success than trying to profit from the ups and downs the market makes within a day. However, it is up to personal preferences and you may try both to figure out the one that works better for you.

3) Now that you understand technical analysis and have a strategy, here comes the most important and crucial part; back-testing. Back-testing is trading in a simulator software on past historical data to get the experience and practice required to trade profitably and to develop winning strategies. The advantage of a back-testing software is that you do not have to trade in a real time market and can speed up the simulation. This gives you the edge of getting a year of trading experience in only but a week or more, depending on how much time you put into it. While back-testing, you will be able to test your different patterns and refine them so that your profit ratio is at its highest. You will also build a database of your performance and have crucial data as to what you’re doing right or wrong and where you can improve. There are many back-testing software’s in the internet, but they usually cost in the hundreds. The back-testing software I personally use and suggest is not in the hundreds but only 99$ and comes with everything you need whether it be stats or a friendly interface. You can get it here. It works with the most used free Forex trading platform; Metatrader 4 which you can obtain from any Forex broker. You can trade the foreign exchange and indices with it to gain the experience you need as a trader. Keep in mind that if you do not like the product you can always return it for a full refund within 14 days of the purchase date. If you’re serious about trading, then you understand how important it is to back-test your strategies and keep your knowledge and experience in top shape. Trading is a performance-based work and needs practice.

If you’ve been struggling as a trader and keep searching answers for how to trade forex or stocks profitably, the obvious solution, which most totally ignore, is backtesting. Keep in mind that if you do backtest then you will speed up your learning process, thus becoming a consistent profitable trader much sooner than otherwise! This will save you a lot of time and money.

Furthermore, before ending this article, I’d like to make sure you understand what to expect from trading. Unfortunately, with all those presumably “pro” traders on social media that advertise a wealthy lifestyle but live off from selling trading products and services, many people are deceived. If you have the wrong expectations, then you will undoubtedly fail. A very few of them may be legitimate traders but you would have to understand that they are on a different level than you with more capital to trade with. However, most of them are faking making a living through trading and make most if not all their income from selling you their products and services because it’s an easier way to make money off the greed of people.

To put it simple and precisely, trading is but a way of investing your money in your own terms to make more returns and profits. When you do acquire the experience it takes to trade profitably, then the returns are much better than you would get anywhere else. However, it is nothing that simple and easy and you’d have to spend many hours on researching, practicing and educating yourself on the subject. Hence, the reason why so many people that get into trading fails is because they do not have the right expectations. However, if you do take this professionally and truly invest yourself into it then you could without a doubt make tremendous returns over the years as your equity compounds if you don't withdraw much of it. Moreover, do not expect to live off from trading in your first years. Until you have a large sum to trade with and have gained the required experience, trading will simply be something that you would do on the side of your main job.

At the end, after you understand what it takes to be a trader, one can realize that your success is determined by your ability to think rationally. By your ability to always think objectively rather than subjectively. A wise person would do his research firsthand just as you might be doing right now and figure out the ins and outs of trading. Only after determining whether they like it and can do it, one would write a plan about how they intend to move forward without skipping any steps. In the contrary, an irrational and unwise person would not do a lot of research and foolishly risk their capital without even actually understanding the mechanism of the system which in turn is a guaranteed failure. The lesson is to understand what you’re doing before doing it.

To sum I it up, do not trade a live account unless you have done the practice on a simulation software and are happy with your performance. Only then, when you have a clear strategy and enough experience to trade profitably, trade with real money. Until then, it will take you a while before you gain the required knowledge and expertise. One thing to always keep in mind is that at whatever speed you’re going, eventually you’ll reach your destination. What matters is not giving up and always showing up. Slow and steady always wins the race. I hope I’ve helped you out. If I did, an upvote would be very appreciated so others can have this information as well! Best of luck!

If you are interested in being an active trader and day trade rather than long term hold and invest, then I invite you to read this second article I wrote which explains what it takes to be a successful and profitable day trader:

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Popular Forex Trading Strategies For Successful Traders

Identifying a successful Forex trading strategy is one of the most important aspects of currency trading. In general, there are numerous trading strategies designed by different types of traders to help you make profit in the market.

However, an individual trader needs to find the best Forex trading strategy that suits their trading style, as well as their risk tolerance. In the end, no one size fits all. 

In order to make profit, traders should focus on eliminating the losing trades and achieving more winning ones. Any trading strategy that leads you towards this goal could prove to be the winning one. 

How to Choose The Best Forex Trading Strategy

Before we proceed to discussing the most popular Forex trading strategies, it’s  important that we understand the best methods of choosing a trading strategy. There are three main elements that should be taken into consideration in this process.

Time frame 

Choosing a time frame that suits your trading style is very important. For a trader, there’s a huge difference between trading on a 15-min chart and a weekly chart. If you are leaning more towards becoming a scalper, a trader that aims to benefit from smaller market moves, then you should focus on the lower time frames e.g. from 1-min to 15-min charts. 

On the other hand, swing traders are likely to use a 4-hour chart, as well as a daily chart, to generate profitable trading opportunities. Hence, before you choose your preferred trading strategy, make sure you answer the question: how long do I want to stay in a trade? 

Varying time periods (long, medium, and short-term) correspond to different trading strategies. 

Number of trading opportunities

When choosing your strategy, you should answer the question: how frequently do I want to open positions? If you are looking to open a higher number of positions then you should focus on a scalping trading strategy. 

On the other hand, traders that tend to spend more time and resources on analyzing macroeconomic reports and fundamental factors are likely to spend less time in front of charts. Therefore, their preferred trading strategy is based on higher time frames and bigger positions.

Position size

Finding the proper trade size is of the utmost importance. Successful trading strategies require you to know your risk sentiment. Risking more than you can is very problematic as it can lead to bigger losses. 

A popular advice in this regard is to set a risk limit at each trade. For instance, traders tend to set a 1% limit on their trades, meaning they won’t risk more than 1% of their account on a single trade. 

For example, if your account is worth $30,000, you should risk up to $300 on a single trade if the risk limit is set at 1%. Depending on your risk sentiment, you can move this limit to 0.5% or 2%. 

In general, the lower the number of trades you are looking to open the bigger the position size should be, and vice versa. 

Three Successful Strategies

By now, you have identified a time frame, the desired position size on a single trade, and the approximate number of trades you are looking to open over a certain period of time. Below, we share three popular Forex trading strategies that have proven to be successful. 

Scalping

Forex scalping is a popular trading strategy that is focused on smaller market movements. This strategy involves opening a large number of trades in a bid to bring small profits per each. 

As a result, scalpers work to generate larger profits by generating a large number of smaller gains. This approach is completely opposite of holding a position for hours, days, or even weeks. 

Scalping is very popular in Forex due to its liquidity and volatility. Investors are looking for markets where the price action is moving constantly to capitalize on fluctuations in small increments.

This type of trader tends to focus on profits that are around 5 pips per trade. However, they are hoping that a large number of trades is successful as profits are constant, stable and easy to achieve. 

A clear downside to scalping is that you cannot afford to stay in the trade too long. Additionally, scalping requires a lot of time and attention, as you have to constantly analyze charts to find new trading opportunities. 

Let’s now demonstrate how scalping works in practice. Below you see the EUR/USD 15-min chart. Our scalping trading strategy is based on the idea that we are looking to sell any attempt of the price action to move above the 200-period moving average (MA). 

In about 3 hours, we generated four trading opportunities. Each time, the price action moved slightly above the 200-period moving average before rotating lower. A stop loss is located 5 pips above the moving average, while the price action never exceeded the MA by more than 3.5 pips. 

Take profit is also 5 pips as we focus on achieving a large number of successful trades with smaller profits. Therefore, in total 20 pips were collected with a scalping trading strategy. 

Day Trading

Day trading refers to the process of trading currencies in one trading day. Although applicable in all markets, day trading strategy is mostly used in Forex. This trading approach advises you to open and close all trades within a single day. 

No position should stay open overnight to minimize the risk. Unlike scalpers, who are looking to stay in markets for a few minutes, day traders usually stay active over the day monitoring and managing opened trades. Day traders are mostly using 30-min and 1-hour time frames to generate trading ideas. 

Many day traders tend to base their trading strategies on news. Scheduled events e.g. economic statistics, interest rates, GDPs, elections etc., tend to have a strong impact on the market.  

In addition to the limit set on each position, day traders tend to set a daily risk limit. A common decision among traders is setting a 3% daily risk limit. This will protect your account and capital.

In the chart above, we see GBP/USD moving on an hourly chart. This trading strategy is based on finding the horizontal support and resistance lines on a chart. In this particular case, we are focused on resistance as the price is moving upward. 

The price movement tags the horizontal resistance and immediately rotates lower. Our stop loss is located above the previous swing high to allow for a minor breach of the resistance line. Thus, a stop loss order is placed 25 pips above the entry point. 

On the downside, we use the horizontal support to place a profit-taking order. Ultimately, the price action rotates lower to bring us around 65 pips in profits. 

Position Trading

Position trading is a long-term strategy. Unlike scalping and day trading, this trading strategy is primarily focused on fundamental factors. 

Minor market fluctuations are not considered in this strategy as they don’t affect the broader market picture.

Position traders are likely to monitor central bank monetary policies, political developments and other fundamental factors to identify cyclical trends. Successful position traders may open just a few trades over the entire year. However, profit targets in these trades are likely to be at least a couple of hundreds pips per each trade. 

This trading strategy is reserved for more patient traders as their position may take weeks, months or even years to play out. You can observe the dollar index (DXY) reversing its trend direction on a weekly chart below.

A reversal is a result of the huge monetary stimulus provided by the US Federal Reserve and the Trump administration to help the troubled economy. As a result, the amount of active dollars increases, which decreases the value of the dollar. Position traders are likely to start selling the dollar on trillion-dollar stimulus packages. 

Their target may depend on different factors: long-term technical indicators and the macroeconomic environment. Once they believe that the current bearish trend is nearing its end from a technical perspective, they will seek to exit the trade. In this example, we see the DXY rotating at the multi-year highs to trade more than 600 pips lower 4 months later (March - July).

[starseedfxofficial]

The Forgotten Strategy: McClellan Oscillator on the 4-Hour Timeframe If you're like most traders, your trading journey might feel like buying clothes at a clearance sale – you grab what looks promising, only to get home and wonder if you've made the right choice. We've all been there. But here’s the thing: when it comes to Forex trading, understanding how to use advanced indicators like the McClellan Oscillator on a 4-hour timeframe can be the difference between walking out in a flashy new wardrobe or with a shirt that's three sizes too small. In this article, we're delving into the next-gen strategies involving the McClellan Oscillator – a tool that traders often ignore or misunderstand. By the end, you’ll have a strategy so good that the other traders in your circle might just accuse you of sorcery. But hey, it’s not magic; it’s just insider knowledge with a sprinkle of humor and a solid dose of market insight. The Secret Behind the McClellan Oscillator on the 4-Hour Chart First off, let’s be real – most traders treat the McClellan Oscillator like a treadmill bought during the height of New Year’s resolutions. They get excited, use it twice, then shove it in a metaphorical closet. The truth is, the McClellan Oscillator is a momentum indicator that offers you deep insight into market breadth, revealing whether more stocks (or in this case, currency pairs) are advancing or declining. But what most traders don’t get is that on the 4-hour timeframe, it becomes a powerful tool for catching those hidden inflection points. Why the 4-Hour Chart Works Magic You might be thinking, "Why the 4-hour timeframe, though?" Great question. Unlike daily charts, which give you the big picture, or the hyperactive 5-minute charts that make you feel like you’re driving a sports car through rush-hour traffic, the 4-hour chart offers a balance. It’s like the perfect coffee-to-sugar ratio – not too fast, not too slow – just smooth, steady, and effective for trend-followers who also want to catch reversals without being glued to their screen. Using the McClellan Oscillator on this timeframe helps us identify those underlying forces: Are bulls exhausted, or do they have one last push left? Are bears secretly prepping a feast? The answers are in the oscillator’s movement. Hidden Patterns & Insider Strategies Now, onto the real juice – the strategy: - Identifying Divergence - We all know the common "bullish/bearish divergence" spiel, right? But here's where the McClellan Oscillator shines: on the 4-hour timeframe, divergence between price action and the oscillator is like a gold-dipped clue that a reversal is brewing. Imagine it's like catching someone sneaking cookies from the jar—when the price keeps rising but the oscillator is declining, someone’s up to no good, and the trend might be ready to turn. - Look for Neutral Breakouts - The McClellan Oscillator often oscillates between positive and negative values. A move from below zero to above is a signal that the market’s dynamic is changing. On a 4-hour chart, watch for these neutral breakouts alongside price action near support or resistance levels. It’s the equivalent of witnessing a cat gearing up for a pounce—things are about to get interesting. - Crossing Zero – The Trader’s Sweet Spot - Watching for the oscillator crossing above zero from below is like seeing a friend returning to the gym after a long break. They're motivated, and this fresh burst of energy can translate into significant buying momentum. On the 4-hour timeframe, these shifts are more reliable than smaller intervals, giving us clarity without the whiplash. Why Most Traders Get It Wrong (And How You Can Avoid It) Here’s a dirty little secret: Most traders overlook oscillators simply because they don’t understand them deeply enough. They buy into myths like "Oscillators are lagging indicators; they’re no good." But folks, that’s akin to saying cookies aren’t good because they contain sugar. The truth is, while oscillators do lag, they also predict momentum shifts before they’re obvious on the price chart—if you know how to read them right. The McClellan Oscillator specifically thrives in finding the hidden divergences that signal when a trend is exhausted. In a 4-hour timeframe, these divergences give you the heads-up you need, avoiding the pitfalls of waiting for a laggy moving average crossover or missing the action entirely. Pro Tip: Use Volatility as a Complement One powerful approach is to combine the McClellan Oscillator with volatility measures like Bollinger Bands. When the oscillator indicates a potential shift and the price starts breaking out of a contracting Bollinger Band squeeze, you’re likely onto a high-probability setup. It’s like seeing a balloon inflate slowly before it pops—you know it’s coming; you just don’t know exactly when, and this combo helps add precision. How the Pros Are Quietly Using This to Their Advantage You’re probably wondering: Are any pros really using this? Absolutely. According to Ralph Acampora, a pioneer in technical analysis, oscillators like McClellan can reveal "underlying strength or weakness in the broader market." When we apply that logic to the 4-hour chart, we’re not just playing checkers—we’re playing chess, looking several moves ahead of the competition. And Linda Raschke, a well-known commodities trader, once mentioned that blending indicators to get the full picture is like "orchestrating a symphony." You wouldn’t play the trumpet without the drums, would you? (Unless you're a lonely trumpeter.) In trading, combining the McClellan Oscillator with support levels, moving averages, and market sentiment data is the symphony that gives you a cohesive tune, and more importantly, gives you the edge. The One Simple Trick to Master the McClellan Oscillator A little-known secret is that the McClellan Oscillator’s responsiveness can be tweaked to suit individual markets. By adjusting the smoothing periods (yes, you can do that!), you’re effectively telling the indicator to “listen closely” for faster moves or “calm down” to focus on more significant shifts. This one simple tweak could mean spotting moves that other traders miss, and let's be real, who doesn’t want to be one step ahead? It's like having the inside scoop that your friend’s surprise party is actually a karaoke battle. You’ll thank yourself later. Advanced Ninja Tactics for the McClellan Oscillator - Confluence with Economic Releases - Pay attention to major economic releases. When the McClellan Oscillator crosses zero or shows divergence before a news event, you’ve got a powerful combination. It’s like the market whispering its secrets before it shouts them aloud. Be careful, though—economic releases are like roller coasters, and they’re not always kind. - Overlay with Trendlines - Draw trendlines on both price and oscillator. If both break in the same direction, you’ve got what’s called “momentum confluence,” a high-confidence trade setup. Think of it as checking your work in school – if both answers match, you’re probably right. Elite Tactics – What to Watch Out For - False Signals: No strategy is foolproof, and the McClellan Oscillator is no exception. Remember those divergence signals we talked about? They can sometimes lie. To mitigate false signals, always cross-check with other indicators like RSI or stochastic. - Manage Your Emotions: Watching an oscillator rise and fall can be an emotional rollercoaster. But keeping a steady approach, with a clear trading plan in hand, will save you from making rookie mistakes. Consider our free trading plan to stay organized. The Real Magic Lies in Mastery The McClellan Oscillator isn’t about making you a fortune overnight – it’s about providing clarity in a market where most traders stumble blindly. When you use it on the 4-hour timeframe, you’re effectively gaining access to the "VIP lane" – you see the reversal points before the crowds do, giving you the edge that transforms your trading from chaos into a calculated game plan. Want to elevate your trading game even further? Join the StarseedFX community where we exchange insider tips and have ongoing discussions about elite tactics like these. Because let’s be honest – trading can be lonely, but it doesn’t have to be. Reflect, Apply, and Prosper What are your thoughts on the McClellan Oscillator? Have you tried this on a 4-hour chart, or are you considering giving it a shot now? Share your experiences or questions in the comments below. There’s always room for another ninja tactic or two! —————– Image Credits: Cover image at the top is AI-generated Read the full article

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Best Time For Trade In Forex

Forex is a very dynamic and thrilling market; over $6 trillion in volume passes through it each day, and it operates for 24 continuous hours five days a week. Not every moment is appropriate for trading, despite that. Knowing when the market is most conducive will help you maximize your success. In this article, we will study the best time to trade forex and how to capitalize on those periods for Profithills Education.

Knowing Your Forex Trading Hours

The forex market functions within the major financial mainstays of Sydney, Tokyo, London, and New York. Each of these main centers has different opening and closing times, thus forming the various segments of trading that would overlap. These overlap periods constitute the most liquid and volatile market and thus present the best opportunities to traders.

1. Overlapping of London and New York session.

Time: 8 AM to 12 PM EST

The London and New York session is considered the best time to trade forex since these two are the major financial hubs in the world. During this session, from 8 till noon EST, market becomes intensely volatile. By the time the U.S. market opens, there is more liquidity in the market, which always equates to a greater opportunity for price swings and breakouts, which day traders and short-term investors would favor immensely. Currency pairs like the EUR/USD, GBP/USD, and USD/JPY tend to have the greatest movements during this session.

Why trade during this session?

High volatility and liquidity

Major economic news releases

Best for short-term strategies like scalping and day trading

2. Tokyo-London Overlap

Time: 3 AM - 4 AM EST

While much shorter and less volatile than the London-New York overlap, the window between Tokyo and London can still provide some trading opportunity to those trading Asian currencies such as the JPY, AUD, and NZD. Liquidity is relatively low compared to the London-New York overlap. Traders seeking early morning setups may find good price action during this period.

Why trade during this time?

Movement in pairs involving the yen and Australian dollar

Moderate volatility

Best for traders who like less competition 3. London Session Time: 3 AM - 12 PM EST Actually, the London session itself represents a huge portion of the daily volume in the forex market. The fact that this session partially overlaps with the Asian session in the morning and with the U.S. session in the afternoon makes it a perfect moment to catch big moves. Many institutional traders are active during this time, so stronger price oscillations may also be noticed in pairs like GBP/USD, EUR/USD, and EUR/JPY.

Why trade during this time?

High liquidity across multiple currency pairs

Suitable for swing traders and long-term positions

Good for technical analysis-based strategies

4. New York Session

Time: 8 AM - 5 PM EST

The New York session is the second most active market in forex trading. Overlapping with the London session brings about the most market volatility during the day. When London closes, there is still some action to find in the New York session, majorly between major USD pairs. Also, be on the lookout for any economic data release from the U.S. as it might form sharp movements.

Why trade during this time?

U.S. economic news moves the dollar

High volatility during the opening hours

Suitable to trade major USD pairs

Times to Avoid Trading

Even though forex is 24/5, there are times that ought to be avoided because of low liquidity and high unpredictability:

The Weekend Gaps: The Forex market closes at 5 PM EST on Friday and opens at 5 PM EST on Sunday. It is possible that when the market opens on Sunday, the price may gap higher or lower than where the market closed on Friday, especially since important news may have occurred over the weekend.

Holidays: Trading on major holidays, such as Christmas or New Year's Day, is extremely risky because markets are thin, and prices can act very erratically.

Low Liquidity Times: This would be around 5 PM - 7 PM EST. The session in New York has closed, and the session in Sydney has just opened. This would be considered the least liquid time because it would become a lot more difficult to enter trades with tight spreads.

Key Takeaways

The best time to trade forex depends on your strategy and which currency pairs you're looking at. If you're after high volatility and volume, the overlap between London and New York is still your best bet. Conservative traders, on the other hand, may find periods like the Tokyo or Sydney sessions more conducive to their needs. While they are considered quiet sessions, they are still viable options for trading, especially in currency pairs related to the Japanese yen or Australian dollar.

The whole of successful forex trading is basically about timing the most active and liquid market hours. If you target these peak periods, you could better your chance at catching the larger movements in prices and profiting from the world's largest financial market.

Conclusion

Everything in forex trading is all about timing. Whether you are a complete beginner or an accomplished trader, knowing when to trade can give you an enormous advantage. By focusing on the overlap of major financial centers and keeping an eye on key economic events, you can strategically plan your trades for maximum profitability. Follow these guidelines and set yourself up for success along your forex trading journey.

[accapitalmarket]

SPX500 records 8-day winning streak, all eyes on Jackson Hole

In the early hours of Tuesday, the three major U.S. stock indices once again recorded overall gains, marking eight consecutive days of increases. Notably, the S&P 500 Index (SPX500), which experienced a significant decline at the end of July and the beginning of August, has now nearly returned to its previous levels, with only a 1.1% away from its all-time high set on July 16.

SPX500 H4

On the 4-hour chart, the current SPX500 pattern shows slight ambiguity between an ascending channel and an ascending wedge, but on the daily chart, an ascending channel is highly visible, which traders can refer to for high-frequency swing trading.

XAUUSD H4

As for gold (XAUUSD), after breaking a new high of $2,500 per ounce on Friday, it encountered brief selling pressure. Bearish forces pushed the price down to around $2,485, where it met strong resistance, after which bullish forces quickly drove the price back above $2,500.

This confirms the factors mentioned in my previous analysis report are still in play: the escalation of conflict in the Middle East, the People's Bank of China resuming gold imports, and the upcoming Federal Reserve annual meeting. These factors continue to have a crucial impact on gold prices, and traders should keep a close watch.

SPX500 Daily

Additionally, according to the AC Research Department's analysis, over the past 19 years, the SPX500 index has recorded eight consecutive days of gains six times. Each time, on the ninth trading day, the market experienced a pullback. Therefore, from a probability and statistical standpoint, the likelihood of a pullback in the S&P 500 is quite significant.

On Tuesday morning, the Reserve Bank of Australia (RBA) will release its meeting minutes. Currently, the Australian Dollar against the U.S. Dollar (AUDUSD) has just crossed the resistance level of 0.67254.

AUDUSD H1

Considering the Aussie has been rebounding for several consecutive days, maintaining this resistance level would require strong hawkish remarks. Therefore, traders can closely monitor the situation before and after the announcement. If price action indicates a lack of upward momentum, it may be worth considering a short-term short position.

Disclaimer:

The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions.

Trading margin forex and CFDs carries a high level of risk and may not be suitable for all investors. Investors could experience losses in excess of total deposits. You do not have ownership of the underlying assets. AC Capital Market (V) Ltd is the product issuer and distributor. Please read and consider our Product Disclosure Statement and Terms and Conditions, and fully understand the risks involved before deciding to acquire any of the financial products provided by us.

The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

[marketgroup]

 Unlock Your Trading Potential with Market Expert Group

The forex market can be daunting, especially for those new to trading. However, with the right guidance and tools, anyone can navigate this complex landscape and achieve significant success. Market Expert Group is here to provide you with the essential forex signals that can transform your trading journey.

How Forex Signals Can Make a Difference

Forex signals serve as essential tools for traders, offering insights into market conditions and potential trading opportunities. Here’s how Market Expert Group’s forex signals can make a difference:

1. Reduce Risk

Forex trading inherently involves risk. However, our expert signals can help you manage and reduce these risks. By relying on our well-analyzed signals, you can make more calculated decisions, minimizing potential losses.

2. Save Time

Analyzing the forex market requires a significant amount of time and effort. With Market Expert Group, you can save time and focus on executing trades. Our team does the heavy lifting for you, providing you with precise signals ready for action.

3. Improve Accuracy

The accuracy of forex signals is crucial for successful trading. Our signals are derived from rigorous market analysis, ensuring high accuracy. This precision can significantly improve your trading outcomes, leading to more profitable trades.

4. Stay Informed

The forex market is influenced by various factors, including economic news, political events, and market sentiment. Staying informed about these factors is essential. Our signals come with detailed analysis and context, helping you understand the market better and stay ahead of the trends.

5. Enhance Strategy

Every trader has a unique strategy. Whether you’re a day trader, swing trader, or position trader, our signals can be integrated into your existing strategy. This enhancement can lead to more effective and efficient trading.

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Our support doesn’t end with providing signals. We offer comprehensive support to our clients, ensuring you have all the information and assistance you need to make the most of our signals.

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For any queries or additional information, feel free to reach out. Our team is always ready to assist you in making the most of your trading experience.

Happy Trading and Best Regards,

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[ingridolsentrades]

The Integration of Technology in Forex Education at Orion Trading Academy

Hej (Hello) to my fellow traders and enthusiasts! In the ever-evolving world of Forex trading, staying ahead of the curve is paramount. One institution that has consistently embraced innovation to empower traders is Orion Trading Academy. Today, we explore how technology has become an integral part of Forex education, revolutionizing the way traders learn and excel.

Orion Trading Academy: Leading the Way

Orion Trading Academy has long been recognized as a leader in trading education, known for its commitment to excellence and its ability to transform beginners into proficient traders. They understand that to succeed in the dynamic Forex market, traders need not just knowledge but also the right tools and strategies.

Tech-Powered Learning

Orion Trading Academy has seamlessly integrated technology into its educational framework, providing traders with a holistic learning experience:

Daily Trading Strategies via Tech

Imagine receiving 2–3 daily trading strategies delivered directly to your devices. Orion Trading Academy offers precisely that, covering various instrument pairs. Technology ensures timely access to these valuable insights.

Precision in Trading

Orion’s tech-driven approach provides precise entry and exit price zones. These zones are generated consistently, enhancing trading precision.

Consistency Matters

With their technology-backed strategies, traders can expect 2–3 precise signals daily. This consistency simplifies your trading routine.

Time-Efficient Trading

Orion’s strategies require just 4 hours or less daily, accommodating traders’ busy schedules.

Smart Risk Management

Technology ensures efficient risk management, reducing traders’ stress.

Elevate Your Trades with Orion

Orion Trading Academy’s technology-driven approach offers not just knowledge but actionable strategies for profitable trading. It’s a game-changer for traders looking to achieve success in Forex.

To explore Orion Trading Academy’s technology-driven strategies and join our trading community, visit Orion Trading Academy.

Let’s elevate our trading together with Orion’s cutting-edge resources and education. Cheers to your success in Forex, powered by technology and expertise! 🚀📈

[ahafia]

Mastering Forex: The Only 4-Hour Price Action Trading Strategy You Will Ever Need

When it comes to forex trading, there is no shortage of strategies and techniques. However, one approach that has stood the test of time and continues to be favored by both novice and experienced traders is the 4-hour price action trading strategy. In this blog post, we will dive into the essence of this powerful trading strategy and how you can use it to make informed trading…

[jerryads]

A Beginner's Guide: How to Start Trading Forex

The world of forex trading offers a unique opportunity for individuals to participate in the largest financial market globally, with a daily trading volume exceeding $6 trillion. If you've ever wondered how to start trading forex, you're not alone. This article aims to provide a comprehensive guide for beginners, equipping you with the knowledge and tools to embark on your forex trading journey confidently.

1. Understand the Basics

Before diving into the forex market, it's crucial to understand the basics. Forex, short for foreign exchange, involves the exchange of one currency for another. The forex market operates 24 hours a day, five days a week, and is divided into major, minor, and exotic currency pairs. Familiarize yourself with the terminology, such as pips (percentage in point), lots, and leverage.

2. Educate Yourself

Forex trading is not a gamble; it's a skill that requires continuous learning. Begin your journey by educating yourself about the market's intricacies, trading strategies, and risk management. Read books, take online courses, and follow reputable financial news sources to stay informed.

3. Choose a Reliable Broker

Selecting a reputable forex broker is one of the most crucial steps for beginners. Look for brokers regulated by recognized authorities such as the Commodity Futures Trading Commission (CFTC) in the United States or the Financial Conduct Authority (FCA) in the United Kingdom. Consider factors like trading fees, available currency pairs, and ease of use when choosing a broker.

4. Develop a Trading Plan

A trading plan is your roadmap in the forex market. It should outline your goals, risk tolerance, trading strategy, and money management rules. Your plan should help you make informed decisions and avoid impulsive trades driven by emotions.

5. Start with a Demo Account

Before risking your hard-earned capital, practice your trading skills with a demo account. Most reputable brokers offer demo accounts that allow you to trade with virtual money, mimicking real market conditions. This is an excellent way to gain experience and confidence without financial risk.

6. Understand Risk Management

Managing risk is paramount in forex trading. Never risk more than you can afford to lose on a single trade. Implement tools like stop-loss orders to limit potential losses. Diversify your trades to spread risk and never over-leverage your account.

7. Master Technical and Fundamental Analysis

Successful forex trading requires a solid understanding of both technical and fundamental analysis. Technical analysis involves studying price charts and patterns, while fundamental analysis considers economic, political, and social factors affecting currency movements. Learning to use these tools effectively can help you make informed trading decisions.

8. Start Small and Gradually Increase

When you're ready to trade with real money, start with a small account. This allows you to gain experience without risking significant capital. As you become more confident and profitable, consider gradually increasing your trading size.

9. Embrace Continuous Learning

The forex market is dynamic, and learning never stops. Stay updated with market news, economic events, and changes in trading conditions. Continuously refine your trading strategy and adapt to evolving market conditions.

10. Maintain Emotional Discipline

Emotions can cloud judgment and lead to impulsive decisions. Stick to your trading plan, and avoid letting fear or greed dictate your actions. Trading discipline is often the key to long-term success.

11. Keep Records

Maintaining a trading journal is essential for tracking your progress. Record every trade, including entry and exit points, reasons for the trade, and outcomes. Analyzing your trades helps identify strengths and weaknesses in your strategy.

12. Use Risk Management Tools

To protect your capital, consider utilizing risk management tools like stop-loss and take-profit orders. These tools automatically close your positions at predetermined price levels, limiting potential losses and securing profits.

13. Monitor Market Sentiment

Market sentiment can influence currency movements. Stay aware of market sentiment by following news, social media, and forums. Be cautious of herd behavior and try to make objective decisions.

14. Consider Automated Trading

Automated trading systems, or Expert Advisors (EAs), can execute trades on your behalf based on predefined criteria. While EAs can be useful, ensure you thoroughly test any automated strategy before deploying it in a live account.

15. Manage Your Expectations

Forex trading is not a get-rich-quick scheme. It requires time, effort, and dedication. Be realistic about your expectations and recognize that losses are an inherent part of trading.

16. Learn from Your Mistakes

Mistakes are opportunities for growth in forex trading. Analyze your losing trades to identify areas for improvement. It's through learning from setbacks that you can become a more proficient trader.

17. Stay Informed About Regulations

Forex trading regulations vary from country to country. Stay informed about the regulatory environment in your region to ensure you are in compliance with local laws.

18. Join a Trading Community

Consider joining online trading communities or forums where you can interact with other traders. These communities offer valuable insights, support, and shared experiences.

19. Be Patient

Patience is a virtue in forex trading. Not every trade will be a winner, and it may take time to see consistent profits. Stay patient and committed to your trading plan.

20. Seek Professional Advice

If you're unsure about any aspect of forex trading, don't hesitate to seek professional advice or consult with a financial advisor. They can provide personalized guidance based on your financial goals and risk tolerance.

Want to skip these hassles Get A FREE Beginner's Guide to Start Trading Forex

Conclusion

Starting your journey in forex trading can be both exciting and challenging. It requires dedication, education, discipline, and continuous learning. By understanding the basics, choosing a reputable broker, developing a trading plan, and embracing risk management, you can embark on your forex trading journey with confidence. Remember that success in forex trading is a journey, not a destination, and with patience and persistence, you can work towards achieving your financial goals.

[ailtrahq]

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and financial market Advisor and analyst with a background in IT and financial market Strategist. He specialises in Market Strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the financial markets. Latest posts by Pratik Chadhokar (see all) Dogecoin (DOGE) price shows a narrow range consolidation moves and hovers below the cluster of $0.07000, indicating a mild negative outlook. However, the price was trading near neutrality and did not indicate a fall, but due to the short buildup activity, buyers’ uncertainty was there, and the price remained in the congestion zone. Moreover, the price action shows a volatile chart structure where the price failed to surpass the primary hurdle of $0.07000 and trading below it.  DOGE price shows a reversal and seller control in the past sessions, suggesting a volatile structure. However, the price action shows that if the price sustains below the 20-day EMA, DOGE may revisit the support of $0.06000. The technicals suggest a follow-on selling got pace below the swing of $0.06200, and bears will get strength. Moreover, the buyers are also trying to pull back and accumulate to revisit the 50-day EMA swing near $0.06800. Furthermore, the price is close to the lower trendline and may attain a bounce in the following sessions. At press time, the DOGE coin price is trading at $0.06410 with an intraday gain of 1.30%, showing neutrality on the charts. Moreover, the trading volume increased by 2.11% to $192.85 Million, and the Market cap is $9.03 Billion. However, the pair of DOGE/BTC is at 0.00000025 BTC. Moreover, Analysts maintain a neutral rating, and technicals suggest a rebound in the upcoming sessions. DOGE Remained In Congestion Zone On Daily Charts Source: DOGE Price Chart At TradingView On the daily charts, the DOGE price shows a symmetrical triangle pattern and may get a bounce toward the upper trendline of $0.07000 in the following sessions. Moreover, the price is near the crucial support zone and indicates buyers’ grip. Furthermore, the chart structure shows seller dominance and bears persisted in making short buildup activity.  What technical indicators Say? Source: DOGE Price Chart At TradingView On the 4-hour charts, the DOGE coin price suggests a short-term bounce and may revisit the cluster of $0.07000. Moreover, the price action shows that the DOGE coin price is hovering and consolidating below the 20-day EMA.  The RSI curve shows a rebound from the oversold region, and a positive crossover suggests a bounce in the following sessions. The MACD indicator showed a bullish crossover, and forming the green bars on the histogram suggests a positive crossover. Summary    DOGE coin price shows a narrow range consolidation and stayed below the 20-day EMA for the past sessions. Furthermore, the chart structure shows a bearish outlook and persists in rejection near the upper trendline of the symmetrical triangle pattern on the charts. The upper trajectory is near $0.07000, which, if surpassed, may lead to a retest of the swing of $0.07500, whereas if it breaks below $0.06300, it will lead to revisiting the swing of $0.06000. Technical Levels Support Levels: $0.06300 and $0.06000 Resistance Levels: $0.06800 and $0.07000 The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish Financial, Investment, or other advice. Investing in or trading Crypto or stock comes with a risk of Financial loss. Source

[novagad]

Forex Trading Advisor @novagad

I’ve been a Forex Trader since 2007 and an instructor since 2017.

Forex Trading: Exploring the Global Financial Frenzy

In the vast and dazzling world of financial markets, there's one beast that roars louder than the rest: Forex trading. It's a domain where fortunes are made (and sometimes lost) faster than you can say "exchange rate."

But what exactly is it about Forex that has millions of people hooked, eyes glued to screens, fingers poised over keyboards, and hearts racing like they've had one too many espressos? Let's dive deeper into the world of currency trading and uncover the secrets behind its irresistible allure.

1. The 24/5 Convenience Store of Trading

First and foremost, Forex trading operates 24 hours a day, five days a week. Unlike the stock market, which opens and closes like a sleepy small-town shop, the Forex market is like a neon-lit convenience store that never sleeps.

Traders from New York to Tokyo can engage in their currency escapades whenever the mood strikes. This flexibility allows part-time traders to moonlight after their day jobs and early birds to catch the worm in real-time market action.

2. The Seductive Leverage

Leverage in Forex is like having a turbocharger in a sports car. It gives traders the ability to control larger positions with a relatively small amount of capital. It's the dream of making big bucks with a small investment.

Of course, leverage is a double-edged sword—one moment you're racing at full throttle, and the next, you're careening off a cliff. But for many, the potential for high returns is too tempting to resist.

impressive gains. For those who relish a challenge and have a knack for puzzles, Forex trading offers a never-ending mental workout.

3. The Global Playground

Forex is the largest financial market in the world, with a daily trading volume exceeding $6 trillion. Yes, you read that right—trillion with a T! This immense liquidity ensures that traders can enter and exit positions with ease, without worrying about slippage.

Plus, the sheer variety of currency pairs means there's always something to trade, whether you're bullish on the dollar, bearish on the euro, or just feeling adventurous about the Malaysian ringgit.

4. The Democratization of Trading

Gone are the days when Forex trading was exclusive to big banks and hedge funds. The rise of online trading platforms has leveled the playing field, allowing anyone with a computer and an internet connection to join the fun.

And with a plethora of educational resources, webinars, and demo accounts available, the Forex market is as inclusive as it is vast. It's like the world's biggest, most volatile party, and everyone's invited.

5. The Thrill of the Chase

Let's face it: Forex trading comes with an undeniable adrenaline rush. The fast-paced nature of the market, the constant flux of prices, and the never-ending stream of economic news and geopolitical events create an environment that's as exhilarating as it is unpredictable.

It's like being on a financial rollercoaster, with every twist and turn bringing new opportunities and risks. For many, it's this thrill that keeps them coming back for more, despite the occasional stomach-churning drops.

6. The Intellectual Challenge

Forex trading isn't just about clicking buy and sell; it's a cerebral game of strategy, analysis, and psychology. Traders spend hours poring over charts, deciphering technical indicators, and keeping up with economic data.

It's a constant test of wits and nerve, where making the right call can yield impressive gains. For those who relish a challenge and have a knack for puzzles, Forex trading offers a never-ending mental workout.

7. The Quest for Financial Independence

At its core, the popularity of Forex trading is driven by a simple, powerful desire: the quest for financial independence.

The dream of making a living from trading, of being your own boss, of earning money from anywhere in the world with just a laptop and an internet connection—it's a compelling vision.

While the reality can be tough and the road fraught with risks, for many, the potential rewards make it a journey worth embarking on.

8. The Bottom Line: Why Forex Trading is Gaining Popularity

Forex trading is no joke, my friend. It's a vibrant and global marketplace that offers incredible opportunities to make some serious dough, keep your brain buzzing, and achieve financial independence.

What makes it so darn attractive, you ask? Well, it's a 24/7 affair, meaning you can jump in whenever you please. Plus, there's this thing called leverage that gives you some extra oomph.

And let's not forget about the internet, which has made trading accessible to just about anyone. Oh, and did I mention the sheer adrenaline rush you get from the chase? It's like being on a rollercoaster ride you just can't resist.

9. But let's get real, shall we?

Now, let's not kid ourselves. Forex trading isn't some magical money-making machine that spits out cash on demand. It requires some serious learning, discipline, and a healthy dose of respect for the risks involved.

But here's the deal: If you're willing to put in the effort and approach it with a clear, strategic mindset, the rewards can be absolutely mind-blowing. We're talking big bucks, my friend.

So, whether you're a seasoned trader who knows the ropes or a curious newbie eager to dip your toes in the Forex waters, the world of trading is calling your name. Just remember to buckle up because it's going to be one heck of a wild ride.

Get ready to feel the rush!

Thanks for reading and please consider upvoting it, if you liked the content :)

[financestrats]

forex market hours Timing is Everything: Your Easy Guide

forex market hours Introduction:

In the fast-paced world of forex trading, knowing when to make your move is everything. That's why understanding when markets open and close is crucial. In this blog post, we're going to break down forex market hours and how you can use this knowledge in your trading strategy.

Forex Market Basics:

First off, let's talk about how the forex market operates. It's a bit different from other financial markets because it runs 24 hours a day, five days a week. This is possible because of global electronic networks that keep the trade going from Sunday evening through Friday afternoon.forex

Forex Market Sessions:

Now let's dive into the four major trading sessions :

Sydney Session: The Sydney session kicks things off first, forex opening at 10 PM GMT on Sunday and wrapping up at 7 AM GMT on Monday. Tokyo Session: After Sydney closes its doors, forex

Tokyo steps in next by opening at midnight GMT and closing at 9 AM GMT. London Session: Following Tokyo, London gets started at 8 AM GMT and ends its day at 4 PM GMT. New York Session: Finally, New York opens up shop from noon until 8 PM GMT.

Overlap in Trading Sessions:

So what happens when these sessions overlap? Well typically there's an increase in trading volume because more participants are active in the market. The biggest overlap happens between London and New York sessions (from noon to 4 PM GMT), leading to high liquidity and potential trading opportunities. forex

Conclusion:

Understanding forex market hours can help you figure out the best times for trading based on your strategy - whether you like high volatility periods during overlaps or prefer calmer periods during single-session hours.forex

Remember: Successful trading isn't just about knowing when markets are open; it also involves careful planning, managing risk well, and continuously learning! forex Investopedia's comprehensive guide on Forex Market Hours "Gain deeper insights and data on market analysis." "Price Action Understanding the Market: Your Easy Guide to" Read the full article

[starseedfxofficial]

The Hidden Patterns That Drive GBP/JPY Using Keltner Channels When it comes to taming the wild beast that is the GBP/JPY currency pair, the secret lies in using the right tools at the right moment. Enter the Keltner Channels, the underrated indicator that could be your gateway to catching market moves like a seasoned Forex ninja. And no, we're not talking about any magical unicorn setups here—just some smart trading tactics that make those high-probability entries feel like they were custom-wrapped in a golden bow just for you. First things first, let's address the elephant in the room. What in the world are Keltner Channels and why should you care about them when dealing with the notorious British Pound/Japanese Yen? Think of Keltner Channels as the friend who always knows the best-kept secrets at a party. They’re like Bollinger Bands, but instead of asking what everyone’s drinking, they're focused on something a bit classier—Average True Range (ATR). Keltner Channels offer a smooth, steady look at market volatility without the same hype of the famous Bollinger Bands. Why Most Traders Get It Wrong (And How You Can Avoid It) Let’s be honest—GBP/JPY is a drama queen of the Forex world. Nicknamed "The Dragon" for good reason, this pair loves the thrill of volatility, surprising you in ways similar to that feeling when you realize you bought something on impulse—like, say, a samurai sword you never knew you needed. But here's the deal: unlike impulse buys, you can't afford random decisions when trading the Dragon. Most traders get burnt by the pair because they underestimate the power of volatility or fail to time their entries right. That's where Keltner Channels step in to take the guesswork out. Now, most traders think that using a volatility channel just means waiting for the price to touch one of the bands. Sure, you can try that. But you might as well roll a dice to decide whether to buy or sell. The magic lies in using multiple confirmations and understanding where the true pressure lies—whether it's buyer or seller momentum pushing the market, or if there's just some trader in their pajamas hitting the wrong button. How Keltner Channels Reveal Hidden Market Sentiment The secret sauce? It’s in knowing what not to do, like using Keltner Channels without context. Imagine you're looking at GBP/JPY; you see the price hitting the upper channel—does this mean it's overbought? Well, not quite. The trick is context: are we in a strong uptrend or a ranging market? Here’s where knowing a little bit more than the average trader changes everything. Use Keltner Channels on multiple timeframes to gauge when there’s genuine momentum or when it’s a false move. The Forgotten Strategy That Outsmarted the Pros One underrated trick is pairing Keltner Channels with volume data. You heard me. Volume isn't just for stock traders—it's the underappreciated cousin of price action that shows how strong a move really is. If you see GBP/JPY hitting the lower channel on the 4-hour chart with decreasing volume, it's not just a hint—it's a blaring neon sign that buyers might be preparing for a comeback. Volume decreases often mean the current trend is about to reverse. Picture it like a party winding down: fewer people are interested in continuing the ride, and the time to find that mean-reversion trade is now. Another power move is to plot the Keltner Channels alongside an RSI indicator. Think of RSI as that slightly sarcastic but surprisingly insightful friend. It’s going to call out when the market’s tired, but only if you know how to read it. If the price is at the lower Keltner band and RSI is showing oversold conditions, you might just be looking at a potential breakout waiting to happen. How to Predict GBP/JPY Market Moves with Precision One word: divergence. This is where true ninja tactics come into play. Forget traditional momentum indicators for a second. Instead, watch for divergence between price and Keltner Channels. Imagine the market is dancing—when price moves up but the channel's slope is still pointing down, the music is about to stop. In these moments, the British Pound tends to come back down with a thud, especially against the Yen, which loves nothing more than to turn unpredictable moves into an art form. In short, always analyze the slope of the Keltner Channel lines. If the channels start to flatten out after an aggressive price run-up, it’s usually the market’s polite way of telling you, "Alright, buddy, time to settle down." Use these moments to take profit or consider fading the move. A Rare Insight: How to Actually Use Keltner Channels on GBP/JPY Another way to use Keltner Channels like an expert is through mean reversion trades. Here’s where most traders mess up: they get over-excited every time price deviates from the mean. But remember, GBP/JPY isn't your regular pair—it doesn't just come back because it misses home. It comes back because institutional traders push it back when it makes a ridiculous move that can't be sustained. Look for price to extend outside the channel—then wait for a strong rejection candle as confirmation before entering. This way, you won't get caught trying to tame the Dragon too soon. Use three timeframes to validate: - 1-hour chart to spot potential entries. - 4-hour chart to confirm trend strength. - 15-minute chart to get a sniper entry. Pro Tip: Avoid trading around major economic releases. The Dragon is not exactly predictable during news releases, often breathing fire both ways, which leaves many traders in a mess. Set alerts and stay clear of major releases unless you want to feel like you’re starring in your own personal trading horror show. A Quick Recap: The Key Secrets to Using Keltner Channels - Use multi-timeframe analysis to ensure the trend is in your favor. - Combine Keltner Channels with RSI and volume to get high-probability entries. - Watch for divergence between price and channel slope to catch early reversals. - Wait for confirmation after price leaves the channels—no need to be the hero! - Stay clear of high-impact news to avoid unnecessary losses. The One Simple Trick That Can Change Your Trading Mindset And finally, trading GBP/JPY is about patience and timing. When using Keltner Channels, think of yourself like a fisherman—not just any fisherman, but one who knows exactly when the fish will bite. You wait, you read the waters, and you cast your line when the conditions are just right. That’s when you’ll catch that prize-winning fish, not by charging headfirst like you’re in a fast-food drive-thru. Be the Ninja, Not the Newbie The next time you look at GBP/JPY and think about using Keltner Channels, remember: it’s not just about what the indicator tells you—it's about the story behind the move. Are the big players showing their cards? Is momentum fading? Are buyers losing interest? Tune into these clues, and you'll find yourself riding those waves while others are left wondering what happened. Mastering Keltner Channels on GBP/JPY isn’t for the faint-hearted—but once you understand the hidden opportunities, you’ll feel like you’re trading with X-ray vision. Be the ninja, not the newbie, and see how much more rewarding your trades can become. —————– Image Credits: Cover image at the top is AI-generated Read the full article

[gambitaibot]

How to Become a Forex Trader & Build an FX Mindset

Becoming a Forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? In this piece we’ll explore how you can become a Forex trader, revealing the qualities you need and the processes to follow to get started and be a consistent trader.

What does a FX trader do?

In the 24-hour currency market, trading never sleeps, meaning there will always be action, although Forex liquidity levels will peak and trough at certain points around the clock. Some traders may wish to operate in unsociable hours to put them in a position to capitalize on international markets.

What it takes to be an effective Forex trader

So what does it take to be an effective Forex trader? From possessing a passion for the markets to having unshakeable discipline and more, here are the traits that will assist you as a Forex trader from the horse’s mouth: our top analysts.

1) Have passion

When trading the foreign exchange markets, you must have a real interest and understanding of monetary policy, one of the main movers of price action. For example, if you are trading GBP/USD you need to be fully in tune with all Bank of England and US Federal Reserve policy moves and speeches — both drive the market. So aim to be on the same wavelength as the central bank/s, but don’t bet against them — they have big pockets and nearly always win.

2) Understand the macro drivers

The Australian Dollar is a primary example of a currency driven by a range of macro factors. It is often thought of as a ‘growth’ or ‘risk’ correlated unit — one which is likely to gain when the world feels better about global growth and struggle when the reverse is the case. While this is often true, there are a huge number of other possible drivers. Major commodity prices, Australian monetary policy prospects and localized political risk can all see it move against the general market grain at times.

In these days of highly correlated markets it’s tempting to separate currencies into ‘risk on’ and ‘risk off’ camps but this is far too simplistic.

3) Remember: It takes two to Forex tango

When trading currencies, a trader needs to understand what is happening in both relevant territories. For example, when trading GBP/USD, it’s advisable to keep up with the most recent Brexit news in addition to the latest on the US/China trade war. More generally, though, a good understanding of market trading is important, from stop losses to chart patterns; from market psychology to the role of central banks.

4) Exercise proper money management

Sound money management is the key difference between the hobbyist and the expert trader. To wit, real data from a major FX broker showed that its clients closed EUR/USD trades out at a gain 61% of the time, and yet lost money because the average winning trade was 48 pips while the average loser was 83 pips. That’s no way to make money, and that’s exactly why money management is the difference-maker between a hobbyist and a successful professional.

5) Have the right mindset

You have to be a self-starter, able to hold yourself accountable and learn from your mistakes; there will plenty of them. A love of markets and the process of trading, not just money, is extremely important — it will get you through the challenging times. Strong self-discipline is needed to follow a clear-cut game-plan, but also the flexibility to adapt to changing circumstances as market conditions are always evolving.

6) Show grit

Trading can be difficult. It can only appear easy from the outside because clicking a few buttons to buy or sell isn’t very difficult. But it’s not easy to consistently beat the crowd, and almost anyone on this path will, at some point, face challenges. Grit is what enables success in those challenges, and a lack of grit is what makes it easy to quit for whatever reason.

The Ultimate Checklist to Become a Forex Trader

Now you know what qualities you need, it’s time to understand how to be a Forex trader from a practical standpoint. Here’s the checklist:

1) Find the right broker

Choosing the best Forex broker will make all the difference when it comes to benefiting from quality of user experience, reliable client support and competitive pricing.

2) Know how trading capital works

As a forex trader you must understand margin and leverage. Margin allows a trader to open leveraged positions, meaning greater exposure to the market with smaller capital outlay. Newer traders often look at unused margin as buying power and therefore tend to be too aggressive on their position sizing. Leverage maximizes gains and losses making your account equity quite volatile. Regardless of the amount of leverage your broker offers, we suggest using little or no leverage in your trading.

3) Start with a demo account

Practice with a demo account to familiarize yourself with the markets. From here, you can build and refine a trading strategy, get comfortable with your chosen platform and build the confidence you need to trade real money.

4) Take the plunge

Trade small with your real money account at first, and work your way up. Trade with risk management protocols in place, using stop losses, and only trade when you have undertaken in-depth analysis, whether trading fundamentals or technicians, or both.

5) Never stop building your knowledge — and character

Winning traders never stop learning and building their expertise in key markets. You should know your selected currency pairs inside out, which technical factors are relevant, and how market events shape the movements of certain pairs. Recording your trades in a trading journal will help you assess your performance and be in a position to constantly review and reassess your approach.

[oriontradingacademy]

📝 Navigating the Forex Market: Understanding When to Trade

1️⃣ Introduction

The foreign exchange market, or Forex as it’s more commonly known, is a 24-hour marketplace where currencies are traded. It operates through three main trading sessions: Tokyo, London, and New York. These sessions overlap at certain times, which can impact market volatility and trading opportunities. Let’s dive in to understand when to trade Forex for optimum results.

2️⃣ Forex Trading Sessions

The Forex market is open 24 hours a day, five days a week, due to the different time zones of each major financial center: Tokyo, London, and New York. As one market closes, another one opens, making Forex a round-the-clock market.

3️⃣ When Can You Trade Forex: Tokyo Session

The Tokyo session, also known as the Asian session, opens at 12:00 AM GMT and closes at 9:00 AM GMT. It’s often characterized by lower volatility, but there can be increased activity in pairs that include the Japanese Yen.

4️⃣ When Can You Trade Forex: London Session

The London session opens at 8:00 AM GMT and closes at 4:00 PM GMT. As London is a major financial center, the market sees high liquidity and volatility during this session, especially in pairs that include the British Pound.

5️⃣ When Can You Trade Forex: New York Session

The New York session opens at 1:00 PM GMT and closes at 10:00 PM GMT. This session is notable for the overlap with the London session for a few hours, leading to high market activity. This is often the most volatile period of the day, presenting numerous trading opportunities.

6️⃣ Best Times of Day to Trade Forex

Typically, the best time to trade Forex is when the market is most active — when there is a high volume of transactions, and volatility is at its peak. This usually occurs during the overlap between the London and New York sessions (between 1:00 PM and 4:00 PM GMT). This period often sees significant price action and can present excellent trading opportunities.

7️⃣ Best Days of the Week to Trade Forex

Generally, the middle of the week (Tuesday, Wednesday, and Thursday) tends to be the most active for the Forex market. Monday can be slower as the market ‘wakes up’ after the weekend, while Friday can see reduced activity as traders wind down for the weekend.

⭐ Conclusion

Understanding when to trade in the Forex market can significantly impact your trading strategy and potential profits. By familiarizing yourself with the trading sessions and identifying when the market is most active, you can maximize your opportunities to capitalize on price movements. Remember, successful Forex trading isn’t just about knowing what to trade, but also when to trade.

[ailtrahq]

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) The Toncoin crypto continues to exhibit weakness on the charts, with sellers exerting significant pressure in recent trading sessions. Furthermore, the chart structure favors the bears, and the price continues to form lower lows, which shows a fight between bears and bulls.  At the time of writing, the Toncoin crypto trades at $1.481004059 with an intraday drop of 1.10%, indicating bearishness. Buyers are making efforts to gain traction in the market, but they are only able to secure a few critical levels of support. The intraday trading volume also decreased by 13%. Moreover, the TON crypto suggests further volatility in the following sessions. The Toncoin crypto is trading in a downtrend on the daily charts and has underperformed in the past months. Furthermore, the technical indicators continue to signal bearishness, with no signs of a bullish reversal or bounce occurring below as of now.  Technical Analysis of Toncoin Crypto Price in 1-D Timeframe Source: Toncoin.1D.USD by TradingView At the time of publishing, Toncoin crypto (TON) is trading below the 50 and 200-day SMAs (Simple moving averages), which do not support the price trend. Nevertheless, if more selling volume adds up, then the price might conquer supporting SMA’s by making lower highs and lows. Hence, the TON price is expected to move downwards giving bearish views over the daily time frame chart. The MACD line at -0.071252570 and the signal line at -0.128226210 are below the zero line. A bullish crossover is observed in the MACD indicator which signals strength for the TON crypto price. The current value of RSI is 49.77 points. The 14 SMA is above the median line at 37.25 points which indicates that the Toncoin crypto is bearish. On the 4-hour charts, Toncoin is currently under the control of the sellers, and buyers are not able to surpass the range of neutrality. The price action indicates that sellers are persistently pushing back against the bulls below the $1.5 trajectory, causing the gains from the top to erode. The MACD indicator also suggests a neutral signal, and both the moving averages converge, which suggests that a significant move can be shown in the upcoming sessions. The relative strength index (RSI) curve is near the neutral range of 51, indicating negative divergence and bearishness on the charts. Summary Despite the current rise of Toncoin (TON) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the TON crypto price. Toncoin price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. Technical Levels Support Levels: The nearest support levels for the Toncoin crypto price are $1.095435140 and $1.095435140. Resistance Levels: The nearest resistance levels for the TON crypto price are $1.900752360 and $2.303992490. The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions. Source