In this lesson, we’ll come back to the fractal approach, and look at market cycles that occur on multiple timeframes. Many traders get out of synch with the market cycles (and therefore, miss the optimal trading opportunities). In this lesson, Irek discusses how to get back in synch with the market and the importance of understanding how the cycles move.
At the beginning of your trading journey, you can keep it simple. If you have a decent laptop, and a good internet connection, you’re all set.
However, once you start to progress through your journey and feel that it’s time to upgrade, you can consider a dual monitor setup (either powered by a l...
In this lesson, you’ll learn about support and resistance levels, specifically horizontal lines and trend lines (which are diagonal). Unlike the moving averages, we talked about in the previous lesson, these horizontal lines and trend lines are static, and not dynamic. You actually have to plot t...
In this lesson, you’ll learn about the forex market. Here are some characteristics to take note of:
– It is the largest asset class in the world with over 5 trillion dollars being traded on a daily basis - because of this, it is also very highly liquid
– It’s a global market, representing all gl...
