Bear Speculation

Bear Speculation

Short-Term Trading Idea FX USD/SEK – Bear Speculation: Return To Trend Line Trading opportunities for currency pair: after the Brexit, the USD/SEK switched into a correctional phase. I reckon that it will continue until August and the rate will not surpass the 8.7451 maximum. On the road to the trend line (8.1097) the sellers meet two interim levels: 8.3191 and 8.2186. Any fall will be cancelled by a close of the daily candle above 8.5510. Above here we can place a protective stop. Background In March I thought the dollar would…

Ways to Get Paid

Ways to Get Paid

Multiple Ways to Get Paid It still amazes me that after all these years of trading and being involved in the financial education business I never find it a challenge to write about the things concerning the markets and the challenges that traders face when attempting to negotiate them. Having just finished up a recent 3-day long Market Timing Class, it was fascinating to explore and talk through the many hurdles the students had before coming to class. Most of them decided that the only way to overcome their issues…

Fibonacci Numbers

Fibonacci Numbers

3 Important Uses of Fibonacci Numbers An example of the power of math can be found in Fibonacci numbers. Fibonacci numbers are a sequence discovered by Italian mathematician Leonardo Fibonacci in the 13th century. The sequence is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, and 89 on to infinity. The sequence has a series of interesting properties. The sum of any two consecutive numbers equals the next highest number. After the first four numbers, the ratio of any number to its next highest number approaches 0.618. The ratio…

Pyramid Trading Strategy

Pyramid Trading Strategy

Pyramid Trading Strategy – How To Turn Small Trades into Huge Trades “Let your winners run” they always say. Great! But, HOW do I do that? How do I turn small trades into big winners? You’ve probably asked yourself this many times. As great as all these old trading aphorisms are, they do seem a bit vague and don’t really give us any specifics or details on how exactly one accomplishes the wonderful things they imply. Today, we are going to discuss how you can turn small trades into big…

Thinking Charts Differently

Thinking Charts Differently

Thinking Charts, a Little Different When it comes to trading and markets, at Online Trading Academy we tend to think different than conventional wisdom. The reason for this is we are focused on reality based trading and investing. One of the things I am always fascinated with his how we are taught to do certain things and how we learn, specifically when it comes to anything that has to do with competing. In the United States for example, we compete for jobs, money, better this and better that… Have you ever…

Support and Resistance

Support and Resistance

5 Critical Rules for Understanding Support and Resistance Two of the most basic, yet effective, technical patterns are support and resistance. These events are horizontal trendlines which cause a stock’s direction to reverse. When prices are falling, support represents the moment when buying overwhelms selling and prices reverse. Conversely, when stocks are moving higher, resistance is the point where selling overwhelms buying and the price increases stop. Correctly identifying these trend changers will allow you to establish initial price targets and to develop your own sell discipline. As with other…

Trends In Forex

Trends In Forex

How To Trade Trends In Forex – A Complete Guide We’ve all heard the saying “The trend is your friend”, and while it sounds nice it doesn’t really teach us anything about trading a trending market or how to identify one. In today’s lesson, I am going to give you guys some solid information on trend trading that you can begin using immediately. Today’s lesson is all about trading trending markets with price action, and we are going to talk about how to tell when a market is trending and…

Stock Chart Patterns You Should Know

Stock Chart Patterns You Should Know

5 Great Stock Chart Patterns Every Investor Should Know Over a series of articles, I have reviewed the basics of technical analysis. With an understanding of trendlines, channels, support, resistance, triangles, and reversals, you have a basic foundation that can be applied to unique technical patterns. The following five stock chart patterns are unique, yet powerful. Understanding their uses will increase your likelihood of identifying market-changing events. These patterns are: 1. Gaps Gaps occur when a price opens much higher (gap higher) or lower (gap lower) than the previous day’s…

Forex Charting for Beginners

Forex Charting for Beginners

Introduction to Forex Charting This part of the course is going to give you a brief overview of the three primary types of charts that you will run across in your Forex trading journey. The chart type that I use, and that my members use, is candlestick charts, I feel forex candlestick charts do the best job at showing the price dynamics in a market, since their design helps you to visualize the “force”, or lack thereof, that a particular price movement exhibited. So, let’s go over the three main types of…

Trading Software

Trading Software

The Best Technical Analysis Trading Software Most brokerage firms today offer free or premium trading software applications to individual clients when they open a brokerage account. The bundled software applications, offering a wide variety of trade, research, and analysis functions, are used as a prominent sales-pitch to the trader client. They also boast features like in-built technical indicators, fundamental analysis numbers, integrated applications for trade automations, news, and alert features. We will examine some of the most widely used, based on features (not price point): MetaStock Trader: One of the…