Q. “Hi Timon, I'm looking into trading Forex and I want to first make sure I have the best trading platform. Can you tell me which is the best software to buy and what must I make sure the platform has?”
A. You should never have to pay for a trading platform Jacque.
Nowadays, the best brokers and market makers offer you these platforms for free. You see, with the high ... ››› more
Wouldn't it be useful if you knew when the price of an asset was going to start falling? Knowing such information would lead you to sell out of your position and bank your profits.
Knowing when the price of an asset is about to fall means you could also take advantage with short trades.
So how can you spot when the price is about to fall?
You can use a head and shoulders pattern…
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Chart patterns, such as wedge patterns, can be great at identifying when a change in trend is afoot. By keeping an eye out for the formation of these patterns, you can get in at the start of a trend, maximising your profit potential. If you're looking to take advantage of the next fall in price, then a rising wedge can be very useful. Let's take a closer look at how to identify one of these…
W... ››› more
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