As the Bitcoin market continues to attract more traders, it is crucial to learn the key differences of trading versus owning Bitcoin. Here are some of the key differences: Bitcoin Trading Perhaps the most significant difference between trading Bitcoin and purchasing it is that when trading you can be either long or short at any given time […]

What is a Tweezer candlestick pattern? Tweezers form when two consecutive candlesticks have equal, or very close to equal, highs (tweezer top), or lows (tweezer bottom) The equal highs or lows may also reflect the open or close of two consecutive candlesticks, or a combination of both The colors of the candlesticks that form a […]

The original purpose of Bitcoin was to serve as a digitally encrypted currency that could be used as payment for goods and services without being under the scrutiny of any government or central bank. But Bitcoin has gone well beyond its original purpose to where it can now be traded as a speculative financial instrument […]

Spotting chart patterns is a popular activity amongst traders of all skill levels, and one of the easiest patterns to spot is a triangle pattern. However, there is more than one kind of triangle to find, and there are a couple of ways to trade them. Here are some of the more basic methods to both […]

What is volume in forex trading? Volume in forex is the number of lots traded in a currency pair within a certain time period. In other words, the amount of currency bought and sold. Volume on its own means very little, but in the context of price action and momentum, it can tell us whether […]

What are Symmetrical Triangles? Symmetrical triangles consist of two lines of equal slope converging to a point in the future. The result is the appearance of a sideways triangle with the base to the left and the point the right. Why are Symmetrical Triangles important? A symmetrical triangle implies that the market cannot decide whether […]

Currency prices typically move in such tiny increments that they are quoted in pips or percentage in point. In most cases, a pip refers to the fourth decimal point of a price that is equal to 1/100th of 1%. Fractional pips The superscript number at the end of each price is the Fractional Pip, which […]

What is Pine Script? Pine Script is TradingView’s native programming language designed to create custom trading tools such as indicators, strategies, and alerts on the platform. TradingView is one of the most popular technical analysis and trading platforms, used by over 50 million traders across the globe. Compared to other programming languages, Pine Script is a lightweight script, designed […]

What is a Morning Star Pattern? Morning star pattern is a bullish three period candlestick formation that consists of… a long red candle followed by… a small red or green candle (or doji) that gaps below the close of the previous candle followed by… a long green candle (stronger signal if gaps up) It is […]

What is liquidity? Liquidity refers to how active a market is. It is determined by how many traders are actively trading and the total volume they’re trading. One reason the foreign exchange market is so liquid is because it is tradable 24 hours a day during weekdays. It is also a very deep market, with […]