How to Choose the Right Tool for eToro Forex Trading
When trading the financial markets, one always faces the dilemma of whether to enter a trade or pass on it. Some forex traders use their “gut feeling” to make this important decision. This instinct or intuition that some feel they have is more-often-than-not based on two principle emotions: greed and fear. Greediness will push traders to open a trade, while fear will hold them back. In either case, traders – regardless of their experience level – should use more than their gut feeling to make these decisions. More knowledge is required to have a sound trading system to rely on in the forex market. As a trader, you have to know when to apply the right trading tools. This depends on the type of market being traded.
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What Makes a Fibonacci Ratio? How to Draw Fibonacci Retracement Levels with eToro
History of Fibonacci Before we get in too much about what Fibonacci is, let’s first answer the question “who is Fibonacci?” Leonardo Pisano, or Leonardo Fibonacci as he is most wi...
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What is a Hammer? Reading Candlestick Trading Charts Like a Expert on eToro
What Is a Hammer? Considered a reversal formation and forms when price moves well below open, but then rallies to close near open if not higher. (inverted hammer is the mirr...
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8 Best Technical Analysis Tools for Traders on eToro
Many people are quick to get into online trading, especially on a platform that is as easy to use as eToro. Yet, some could find the technical aspects quite daunting. Technical analysis in financial markets is something worth taking the time to learn. It is the tool most used by most professional traders. We want to make sure your entry into the realm of technical analysis is a smooth one. So, we’ve created a glossary of terms that will help you in familiarising yourself with the field:
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What are Bars and Candlesticks? Why are They important on eToro
What are bars and candlesticks? A chart is a graphical representation of historical prices. The most common chart types are bar charts and candlestick charts. Although these...
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How to Use SMA Crossover to Develop a Trading Strategy on eToro Forex Markets
Moving Average Introduction Moving averages are one of the most commonly used technical indicators in the forex market. They have become a staple part of many trading strategies ...
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How to use Doji Candlestick Patterns for Profitable eToro Trading
What is A Doji? Doji form when the open and close of a candlestick are equal, or very close to equal. Considered a neutral formation suggesting indecision between buyers a...
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How many kind of Triangle Pattern? How can you Trade It on eToro
How many Triangle Chart Patterns Spotting chart patterns is a popular hobby amongst traders of all skill levels, and one of the easiest patterns to spot is a triangle pattern. Ho...
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How to Read Stochastic Oscillator to Buy and Sell Signal to Profit on eToro
What is The Stochastic Oscillator? The Stochastic Oscillator is a very popular technical analysis tool, available on almost all trading platforms and used by many traders all ove...
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What Is an ABCD Pattern? How to Draw it on eToro Trading
What Is an ABCD Pattern? Reflects the common, rhythmic style in which the market moves. A visual, geometric price/time pattern comprised of 3 consecutive price swings, or ...
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Gartley Pattern Explained: How to Use Bearish and Bullish Gartley Pattern on eToro Forex Markets
What is the Bearish Gartley Pattern? First introduced in 1935 by trader H.M. Gartley in his book, “Profits in the Stock Market” Contains an bearish ABCD pattern preceded b...
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eToro Forex Pivot Points Trading Indicator Explained
Pivot points are extremely popular with traders, they are used to spot direction, probable reversal points and potential support and resistance levels. It’s a well-known tool that is of particular interest to novice traders, due to the simplicity of the mathematical formulas it incorporates. In the past, pivot point calculations were used on daily, weekly and monthly timeframes. These days, new technology means we can calculate pivot points on smaller timeframes too. Pivot points use the previous period’s open, close, high and low prices to calculate the current period’s direction and future support and resistance levels.
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