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When trading, the balance refers to the amount of money a trader has in their trading account. However, it’s important to remember that this amount does not include any profits or losses a trader migh...

Now that we are familiar with the principle of trend, it’s time to get into more detail about the three main types of trend directions. Let’s talk about uptrend first. An uptrend is a series of suc...

A trend reversal marks the end of an existing trend and the beginning of a new one. A reversal may happen in any timeframe and can mean the difference between a big win, a break-even, or a loss. Being...

You may have already heard popular phrases like “The trend is your friend” and “follow the trend”. But, what is a Trend, exactly? In its simplest definition, a Trend means the direction of the market....

Another popular tool that traders use is the Trailing Stop. Trailing Stop is placed on an open position, at a specified distance from the current price of the financial instrument in question. The dis...

When I explained what a Trading Strategy is based on in the Trading Basics series, I emphasised the three principles of Technical Analysis – do you remember them? They are: Market action (price)...