This breakout is often accompanied by increased volume, confirming the validity of the pattern. A symmetrical triangle pattern indicates a period of indecision in the market. Buyers and sellers are evenly matched, causing the price to move within a narrowing range. As it gets smaller, the pressur...

In the meantime, the lower trendline holds steady at a nearly horizontal level, signifying a level of support where buyers frequently intervene to stop the slide. Below are real-life visual examples of descending triangle chart patterns in different markets. The yellow circles represent the ident...

Additionally, Mertens and Olea found that cuts to marginal tax rates led to increases in real gross domestic product and decreases in the unemployment rate. This was due to the hiring of previously unemployed people (the extensive margin) as well as the increase in hours worked by those already e...

Remember, as a day trader you’ll likely be opening and closing multiple trades in a day, so it’s important to keep up to date with relevant market events or breaking news. Once you’ve drawn up a trading plan and you’re ready to get started, you can open your first position. You can place both lon...

The best technical indicators for day trading are the RSI, Williams Percent Range, and MACD. These measurements show overbought and oversold levels on a chart and can help predict where a price is likely to go next, based on past performance. However, they’re not always accurate so it’...

You can finding opportunities with the 50 and 200 period moving averages gain access to spread indicators by downloading the MetaTrader Supreme Edition plug-in at no cost. This feature can be particularly useful for short-term traders who open positions frequently. Scalpers also take advantage of...

Slippage can occur in any market — stock, Forex, and futures — and the explanation is similar for those markets. So, the term is used by both Forex and stock traders to express the same phenomenon whereby orders are executed at a different price than the intended price. This phenomenon occurs whe...

By gaining an in-depth understanding of the factors that give rise to slippage and strategically deploying techniques to curtail its influence, traders can significantly refine the efficacy of their trading tactics. Slippage is the difference between your order price (or expected price) and the a...

Slippage usually occurs in periods when the market is highly volatile, or the market liquidity is low. Since the participants are fewer in markets with low liquidity, there is a wide time gap between the placement and execution of an order. The volatile markets experience quick price movements, e...