Recent content by Polakandil

The built-in indicators in platforms such as MT4 or MT5 provide quite a large option of indicators that can be tried, but before trying an indicator, it's a good idea to first learn about the indicator and how it works. This provides a broader picture of the function and why the indicator was...

EURJPY yesterday formed a bullish candlestick continuing the previous market uptrend. Price has drawn a long-body bullish candlestick reflecting a strong rally on Monday's market open. On the daily timeframe the price is now moving below the upper band line, this could be a resistance zone near...

Perhaps almost all traders in the course of their careers have experienced losing money in forex trading. All pro traders who may now be at the level of profitable traders also started from beginners and encountered many challenges, besides patience they also need a strong mentality.

At the market opening on Monday at the beginning of this week, I witnessed a gap in the USDJPY pair and several other pains that had elements of the JPY currency including EURJPY and CHFJPY. The gap will be obvious from low timeframes such as M5 or M15. This gap occurs because Saturday and...

Currently, the Fed's interest rate is still high and the BoJ's interest rate is still low even though it has exited negative interest rates, this provides an opportunity to buy USDJPY with potential gain because the strengthening of the USD affects the Japanese Yen exchange rate, however, Japan...

Thousands of brokers offer services in the forex market, for those who have not yet chosen and are still looking for which broker will be their mainstay in making money in the forex market, there may still be many considerations from various points of view, for traders who are steady in choosing...

Agree, that forex risk management plays a role in forex trading, however, the market can move dynamically and sometimes unpredictably, without risk management it is like driving a high-speed car without brakes.

Discipline is very important to always maintain, the market does appear chaotic, but the market structure reflects the behavior of forex players which is an accumulation of market psychology, which sometimes forms a structure that often repeats itself. Trading discipline is one of the keys to...

The biggest challenges in forex trading can be divided into two factors, internal and external. The hardest internal factor is controlling emotions, whether greed, overconfidence, fear, anxiety, and so on. External factors such as dynamic market volatility, are sometimes unpredictable.

EURJPY price is now at 167.186. Yesterday the price drew a long-body bullish candlestick with small shadows on the top and bottom of the candle. On the daily timeframe, the price moves between the upper and middle band lines which reflects the price moving in the uptrend zone. Bollinger bands...

It may seem true, but forex is very complex where traders compete globally with other market players who have varying views on the price of a trading asset. Patience is really needed, but the trading strategy is also important to be able to compete with other traders who are not only retail...

Not all traders like complex indicators in market analysis, even if they only use candlesticks for traders who like trading analysis with price action and candle patterns it seems simpler. Trying various indicators really attracts beginner traders who are still looking for a trading system that...

EURJPY today's price is at 165,752, yesterday the price formed a bullish candlestick with a slight shadow on the top candle. On the daily timeframe, the price is currently moving near the middle band line. Here the middle band line is often the consolidation line for a commodity. Yesterday the...

Yes, I think so too, overconfidence is bad because this can encourage traders to carry out high-risk trading plans, traders must remember that many factors drive the dynamic of the forex market, here the trader cannot control the market, but he can control the risk.

It's true, many sources on the internet can be learned for free, novice traders must be careful of all forms of fraud in the name of forex, many beginners fall into traps because they are still new and don't understand much about the ins and outs of forex trading. Self-taught learning is safer...