Author: momentummarktrading
Candlesticks Patterns
A candlestick is a single bar which represents the price movement of a particular asset for a specific time period. The information it displays includes the open, high, low and close for that time period. Candlestick patterns take into account one or more candlesticks to assist technical traders in developing inferences about future movements and price…
Chart pattern
A chart pattern is a set price action that is repeated again and again. The idea behind chart pattern analysis is that by knowing what happened after a pattern in the past, you can take an educated guess as to what might happen when it appears again. That being said, past performance is not necessarily…
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Money management
Money management is simply the knowledge and skills on managing own account. Brokers will rarely educate traders on good money management skills, though almost all brokers will offer some sort of basic tutorials, therefore it’s important to also learn on your own. 1. Risk only small percentage of a total account Why is it so…