WHAT IS MOMENTUM IN FINANCE? The term momentum refers to a force that keeps an object moving after the trend has already started. In finance, it refers to a situation where the price of an asset continues moving in a certain direction. In most cases momentum tends… Read More »HOW TO USE MOMENTUM TRADING STRATEGIES PROFITABLY
WHAT IS A FALSE BREAKOUT? At times, a financial asset like currency pair, commodity, exchange-traded fund (ETF), and stocks trade within a narrow range. During this period, they form a parallel support and resistance level. In this case, a trader can make money by buying at the support and shorting at the resistance. However, always, it… Read More »HOW TO IDENTIFY FALSE BREAKOUTS IN DAY TRADING
TRADING ROUTINE Most successful traders have a routine that they use every day. The benefit of such routine is that it helps them simplify their trading approaches. It also helps them identify new ideas and make relatively successful trades every day. If you are a forex trader, this routine could be… Read More »THE 5 HABITS OF HIGHLY SUCCESSFUL DAY TRADERS