However, the bulls weakened with each attempt, and the bears became stronger. This is evidenced by the formation of several bearish patterns, including reversal patterns, for example, hanging man, shooting star, and marubozu. Unlike the evening star, the bearish shooting star is a weak trading signal and does not always work out. Therefore, the pattern […]
Category: Forex Trading
Guide to understanding a Shooting Star candlestick pattern
The shooting star pattern must be confirmed once an active bullish trend has been identified. The image above depicts what a shooting star looks like with its small real body and long upper shadow and wick. The shooting star candlestick is considered one of the most reliable candlestick patterns. Advantages of the shooting star pattern […]
What are Lots in Forex and How do you Calculate Lot Sizes? IG International
Most of the time, the value of the pip is calculated in USD for currency pairs containing USD, whether the USD is the quote or the base currency. Even for currency pairs that do not contain USD, brokers often covert the value to USD for easy profit and loss calculation. For any given currency pair, […]
Forex Lot Sizes Explained Complete Beginner’s Guide
Individuals invest less money with nano lots than with the standard lot, limiting risk and potential returns.Professional traders commonly choose standard lots. Mini lots are used by intermediate traders with less trading capital. Micro and nano lots are used by beginners who want to experiment in forex markets without risking much capital. As you know, […]
How to calculate vehicle tax depreciation
It is an essential aspect of the company’s financial statements, and the Companies Act, 2013, lays down the rules and regulations governing the calculation of depreciation. Depreciation is defined as the decrease in the value of an asset due to its wear and tear, obsolescence, or usage. It is calculated based on the asset’s useful […]
ᑕᑐ Descending Triangle Pattern: Meaning, Features, Charts
Traders often enter into short positions to further lower the asset’s price. In conclusion, the descending triangle pattern is a versatile chart pattern which often displays the distribution phase in a stock. Following a descending triangle pattern, the breakout is often swift and led with momentum. descending triangle chart pattern This can lead to strong […]