How to use Autochartist MetaTrader Plugin Technical analysis, while proven to be one of the most reliable ways to make informed trading decisions, can be time consuming and often...

Of all the reversal patterns we can use in the Forex market, the rising and falling wedge patterns are two of my favorite. They can offer massive profits along with precise entries for the trader who uses patience to their advantage. One of the great things about this type of wedge pattern is that it typically carves out levels that are easy to identify. This makes our job as price action traders that much easier not to mention profitable. Let’s start by defining the characteristics.

If you read this article, I’m sure you have gone through the early stages of the trading “career”. There was a time when you were a beginner in OctaFX -. Now looking back, it is so funny and dumb because of making money without understanding the reason. You can say, at that time, your profitability is the best. Do you believe it? You didn’t even know how to use an indicator, how could you make a profit? You make a big mistake. At that time, you were very careful with each trade and complied with the entry conditions of the strategy you had chosen. Such carefulness helped you get the first few wins, though not so big. However, it didn’t last long. Time made you lose your original good habits. In today’s article, we will discuss the reasons why new traders trade better than the old ones. Let’s follow it up!