Aspiring forex traders will generally benefit from developing the ability to interpret and analyze market data. Among the tools and techniques available to currency traders to do this, candlestick ...

Life is full of patterns, and those who recognize them will quickly find themselves ahead of the pack—especially when it comes to a pattern trading strategy for securities. As the name implies, a ...

Forex harmonic patterns are a type of chart pattern used by forex traders to identify potential reversals in the market. Harmonic patterns are based on Fibonacci numbers and geometry and use specific ...

For day traders, a brokerage account isn’t enough to trade effectively. In-depth technical analysis demands specific pattern trading software. While many brokerages offer tools to make pattern ...

Traders often use the cup and handle pattern in technical analysis to look for possible bullish continuing patterns in the market. This pattern has a cup-shaped shape at the beginning, followed by a ...

You can violate the pattern day trader (PDT) rules without realizing it. The consequences for violating PDT vary, but can be inconvenient for investors who are not actively trading. For active ...

The Bitcoin megaphone pattern features at least two higher highs and two lower lows, forming an expanding structure. Connecting these highs and lows with trendlines creates a megaphone-like appearance ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

10/30 SMA Cross Over – When the 10-day simple moving average (SMA) line crosses the 30-day SMA line. This is a cue to enter or exit a trade because it shows the current trend is reversing. It is also ...

Pattern day traders must maintain a $25,000 minimum balance to trade. Accounts are flagged for pattern trading with 4 same-day trades in 5 days. Exceeding day trade limits triggers a margin call, ...