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
Many times traders who observe a drop in price of an asset want to know whether this decline is a long-term one or it is just a temporary short-term movement. Why? Well, some traders would prefer to sell a stock before it continues to decline in price over a long time period but would rather wait over a temporary down shift if the price will get back on track reaching new highs … [Read more...] about Retracements and Reversals on eToro
The stock market is among the most unexplored industries that have great potential concerning making money. While stock trading is indeed popular, not many people are well-knowledgeable about this sector. Many traders themselves are unaware of what they are doing and what style works for them. Whether you’re trying to research stock trading and the different trading styles, … [Read more...] about Swing Trading or Day Trading: Which is Your Trading Style?
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
One of the first steps to take in your trading based on price action is to distinguish whether the market is trending or moving sideways. These characteristics of a market are extremely important for your decision on when to open a buy or a sell position and how to set up your trading strategy. Below you can find a quick guide on these two types of market … [Read more...] about Sideways vs Trending markets on eToro