What Is Emotional Intelligence and Why Do Traders Need It
To be successful, traders need to have not only professional knowledge and analytical skills but also a set of particular personal characteristics. Among them, emotional intelligence plays a crucial role. This article will help you understand this concept and its significance in the field of trading.
Guide on using the Butterfly Pattern
Gartley patterns are a whole section of technical analysis that uses Fibonacci ratios. As the name suggests, this approach was named after its creator, Harold Gartley, and gained popularity due to its amazing ability to adapt to any market and decade.
How to trade with the Gann Fan indicator
Every successful trader is familiar with the works of the legendary William Gann. Well, or at least with the basics of his theory. The “financial astrologer”, as his contemporaries called him, made very accurate predictions. By the way, Gann made over 50 million dollars trading stocks and currency.
The Two Fingers Forex Trading Strategy
The “Two Fingers” strategy is based on the idea of finding a long-term trend on a daily chart that lasts for several days or weeks. As we know, all trends have pullbacks, and it is at these moments that you need to enter the market.
Trading strategies for CFDs, commodities, and indices
Given that trading is a wide and diverse field, people involved in it deal with a broad variety of assets. Each of the groups of assets rotates within its separate market segment, characterized by specific procedures and patterns. Given these facts, it is not surprising that, in each segment, the trader must rely on different strategies and decision-making models.