Tag: deriv
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Candlestick patterns are a crucial tool for technical analysis, offering visual clues about market sentiment and potential price reversals or continuations. Recognizing these patterns can help traders identify optimal entry points for their trades. Below are some of the most powerful candlestick patterns to watch for when looking to enter the market: 1. Bullish Engulfing…
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Synthetic indices are increasingly popular among traders due to their unique features, such as 24/7 availability, predictable volatility levels, and immunity to external economic factors. However, their novelty and algorithm-driven nature have led to several myths and misconceptions. In this article, we’ll debunk these myths in detail and provide clarity to help traders make informed…
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Trading can be incredibly rewarding, but it’s also challenging. Many traders fail because of personal habits that sabotage their success. If you want to become a profitable trader, you must learn to avoid certain behaviors that can harm your trading performance.Here are some personal habits to avoid, along with examples to help you understand how…
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Price action trading is one of the most effective and widely used strategies in trading. It focuses on analyzing price movement without relying heavily on indicators, making it a pure and straightforward approach. Whether you’re trading forex, stocks, or synthetic indices, mastering price action can significantly improve your trading skills. This article dives deep into…
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Combining the Relative Strength Index (RSI) with price action is a powerful trading strategy that works exceptionally well in synthetic indices. The RSI helps identify overbought or oversold conditions, while price action offers a clearer picture of market behavior through candlestick patterns and support/resistance levels. When used together, these tools can significantly improve your trade…
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