Every trader understands that changes in the rate of financial assets can bring good profits as well as serious losses. That is why the ability to predict the future movements of the market, which allows for making the right trading decisions, is so valued. Technical analysis instruments, which help to identify the patterns on charts, assist in this. One of the most effective methods is the Elliott Waves based on the study of crowd psychology, the essence of which we will consider in this article.

The On Balance Volume indicator is integrated into the standard package of Meta Trader terminal algorithms, so it is available to all users of this program. The tool is designed to determine the balance volume of the market. It is a dynamic algorithm that constantly changes its readings depending on the price of the trading asset and total market volumes. Let's consider in detail the principle of work of OBV indicator, signals, and ways of trade on its basis.

In forex trading, a lot of attention is paid to analyzing the behavior of a single asset. A trader opens a chart and watches how the price moves. This, of course, is useful, but there is another way to work in this market - the correlation of currency pairs. Simple mathematics can significantly improve your trading system. Read the article and your curiosity will pay off. What is Correlation in Forex Correlation is the relationship between price movements of compared assets.

The fractal indicator was created by the famous trader Bill Williams. It can be used in isolation or together with other indicators. He is considered one of the progenitors of modern trading psychology. Back in the 1980s, he put forward the Chaos Theory, which offered a methodological understanding of market structures. He combined trading psychology with applied technical analysis and developed a trading system that was ahead of its time.

Right before opening trades on the forex market, every trader carries out a technical analysis of the chart. It is necessary to find the most profitable market entry points and use them most effectively. In fact, at this stage, the user sets a vector for all their future actions. Using the information obtained in market analysis, the user can choose the best trading strategies and ways to implement them.

Russia's invasion of Ukraine has pushed oil prices to their highest level since 2008 and raised fears of "stagflation," writes Business Insider. We are now seeing a surge in the prices of oil, gas, wheat, and base metals, dashing hopes for a strong (and soon) global economic recovery. Oil hit its highest level since July 2008, raising investor fears of "stagflation," a dangerous combination of high inflation and a stagnant economy - low or even negative growth.

Almost all beginners have heard of the Price Action method, but many people identify it with the usual candlestick analysis, which is not quite correct. The fact is that the Price Action really takes over many of the provisions of the candlestick analysis, but it is an optimized method for the current market conditions. We suggest taking a closer look at this type of technical analysis to understand what Price Action is and how it can be applied to enhance your trading results.

Day trading is a strategy that involves trading within the day. Sometimes it is possible to transfer positions to the next day, but it is rare because of swaps. Basically, the absence of a rollover fee is the main advantage of intraday trading. Let's consider the essence, strategies, and principles of intraday trading in more detail.

Forex strategies are an integral part of trading for any trader. Unlike chaotic trading, forex trading strategies are distinguished by clear rules for entering a trade, the exact observance of which allows making a regular and stable earnings. Often success in the forex market depends not on luck, but the right trading strategy. In this article, we will discover some of the best strategies for you to apply next year.

If there is a way to gain some return during routine days on the market, it can be done with the proper forex intraday strategy. One-day trading or day-trading is overgrown with myths that it is difficult to open an entry point and plan a position by this method. Practice shows that with the right strategy and considering the main principles of trading, it is quite realistic to succeed. The only nuance of intraday: this method is not suitable for everyone since it requires perfect self-discipline and a lot of time.