Being able to pinpoint the location of opportunities within a chart is the utmost desire of every trader. While indeed this is no easy feat, there are a few ways on how to plot and draw lines that can help a trader take advantage of the opportunities within a chart. Among the most effective way to identify lines, curves, patterns, and trends within a chart is through the use of … [Read more...] about How to Trade with the Rainbow Pattern on eToro
Among the most traded and most sought-after candlestick patterns in trading is the Bullish Engulfing Pattern. While it is easy to find in any chart and seems quite upfront, there are a few ways how to trade it successfully and avoid false alarms or traps associated with it. In this article, we’ll share with you how to effectively trade the Bullish Engulfing Pattern and how to … [Read more...] about The Bullish Engulfing Pattern: How to Trade it on eToro
What is the Moving Average Convergence Divergence indicator? MACD is one of the most effective and relatively simple momentum indicators used to identify, follow and evaluate the strength and direction of a trend in technical analysis. It is one of the most popular tools that can be used to identify points of trend reversal for an asset as well as spot entry and exit … [Read more...] about Guide to Using the MACD Indicator on eToro
eToro offers a wide variety of markets and assets for you to choose from and as many technical tools needed for your trading. Bollinger Bands is one of the most popular ones, so let's have a look at what they are. What are Bollinger Bands? Bollinger Bands is a widely employed technical analysis indicator that is used to identify overbought and oversold market … [Read more...] about Bollinger Bands on eToro. How does it work?
Regardless of if you’re starting out as a trader or if you have been trading for months or years, you’ll always look to candlestick patterns for profit opportunities. Candlestick patterns provide a glimpse of a possible price movement and allow a trader to secure or execute positions and strategies which can take advantage of that possible price movement. By having a thorough … [Read more...] about Most Traded Candlestick Patterns on eToro