Key Takeaways What are Keltner Channels? Keltner channels are a popular technical indicator used in technical analysis and trading. Developed by Chester Keltner in the 1960s, Keltner channels help visualize the high and low prices where a security may trade over a given period. They provide a volatility band around a simple moving average (SMA) […]
The Average Directional Index or ADX is a popular technical analysis indicator used to measure trend strength and help traders determine whether a market is trending or in a range. Developed by J. Welles Wilder, it is a key indicator included in many trading platforms and charts. The ADX provides traders with valuable insights into […]
Margin trading allows for larger position sizes and profits, the amplified risk from leverage must be properly managed. Strong risk controls are essential to this strategy’s success over the long run. A few key considerations include: Margin traders must balance risk versus reward, employ sound money management practices, and avoid becoming overly exposed to any […]
Traders seek every possible advantage to navigate the complexities and make informed decisions. One powerful tool in their arsenal is the analysis of candlestick patterns. These visual representations of price movements provide invaluable insights into market sentiment, trend reversals, and potential trading opportunities. Among the myriad candlestick patterns, seven stand out as essential knowledge for […]
Key Takeaways Lack of a Trading Plan Having a clear trading plan is crucial for any forex trader who wants to be successful long-term. A trading plan provides structure and guidance during volatile market conditions when emotions run high. It defines the criteria you will use for entries into trades, where you will place stop […]
How to Read a Cryptocurrency Chart
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Key Takeaways Cryptocurrency charts provide a wealth of information to analyze market trends and trader sentiment over time. Each data point shows the price movements throughout each period, whether that be hourly, daily or weekly. For traders, being able to interpret charts is essential to formulating an edge. Candlestick charts are the most commonly used […]
Investing in the stock market can be a rewarding endeavor, but it requires more than just capital. To truly succeed, you need to build a consistent trading habit. In this article, we’ll explore three key strategies to help you develop that habit and make the most of your trading journey. Key Takeaways Before diving into […]
Are you ready to dive into the exciting world of cryptocurrency trading? Before you start, it’s essential to have a well-thought-out trading plan in place. In this comprehensive guide, we’ll explore everything you need to know about creating a cryptocurrency trading plan, from the basics to advanced strategies. Let’s get started! What Is A Trading […]
Cryptocurrency trading has gained immense popularity in recent years, with traders looking to capitalize on the volatility and potential profits of digital assets. However, with the market operating 24/7 globally, it can be challenging to determine the best times to trade. In this blog post, we will explore various factors that can help you identify […]
Chart patterns are vital tools used by traders in technical analysis to identify potential opportunities in the market. One of the most popular chart patterns in trading is the symmetrical triangle pattern. This pattern is characterized by a series of lower highs and higher lows, which forms a triangle shape on the chart. What Is […]
Key Takeaways A market order executes immediately at the best available price in the market A limit order only executes at the price you specify or better to help protect you from volatility Choosing the right order type depends on your trading goals and risk tolerance TradeXN offers both market and limit orders with no […]
In the world of cryptocurrency trading, understanding different technical analysis or technical indicators tools is crucial. Among them, triple top and bottom patterns are two commonly used patterns for predicting price trends in crypto trading. These patterns occur in all markets, including cryptocurrencies. What Is the Triple Bottom Pattern in Crypto? A triple bottom pattern […]