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Wyckoff Chart Analysis: A Simple Overview

Via Forexop Last updated on September 9th, 2020 Wyckoff analysis was born out of years of practical study of stock price boom and bust cycles. Its founder, Richard D. Wyckoff was a profound observer of the markets. He aimed to explain the phases in the markets with a set of simple rules that anyone can...

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5 Altcoins to Ride the DeFi Trend

Via Forexop Last updated on September 4th, 2020 It’s apparent to most of us now that DeFi is a model that investor like, a lot. They like the ability to control their own finances; they like the ability to deal on a level playing field with other investors; they value privacy and lack of censorship...

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Spinning Top Candlestick Pattern

Via Forexop Last updated on August 28th, 2020 A spinning top is a Japanese candlestick pattern that denotes indecision in the market, usually at the end of a trend. It can warn of price reversal. The spinning top is identified by a narrow, but not completely flat, candlestick body and an upper and lower shadow...

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High Wave Candlestick Pattern

Via Forexop Last updated on August 26th, 2020 A high wave candlestick is considered a price reversal but is not associated with a specific direction. As a standard rule if the body is black it is taken as bearish, while if it is white it is treated as bullish. However this rule is weak because...

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Information Overload: How to Profit from News Mania

Via Forexop Last updated on August 23rd, 2020 In an era of instant financial news and social media updates, an abundance of information is freely available to us at any given time. All of us rely on information to make sound trading decisions. But is there a point where too much information can actually be...

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Advance Block Candlestick Pattern

Via Forexop Last updated on August 16th, 2020 The advance block is a three bar pattern that is usually taken as a bearish reversal signal. The pattern appears as a block of three white, rising candlesticks, each with a shorter body than the last. The candles should not have overly long shadows as these can...

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Methods for Detecting Retracement Zones

Via Forexop Last updated on August 9th, 2020 Markets never go in a straight line, in either direction. One question then that a trader has to ask is at what level to expect a retracement, aka a pullback.   Failing to account for retracement can either result in missing out on profits, by exiting the...

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Dollar Cost Averaging: Is it Worth It?

Via Forexop Last updated on August 3rd, 2020 Dollar cost averaging explained © forexop What is dollar cost averaging? Most people accept that timing market tops and market bottoms is a near impossibility. The question then is how you put money to work in a market in an efficient manner. Proponents of dollar cost averaging say that...

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Importance of Hidden Support and Resistance

Via Forexop Last updated on July 27th, 2020 Hidden support and resistance is virtually unknown to a majority of traders. Yet this phenomenon is responsible for many of the big trends and corrections that we see play out in markets over the longer time periods. Getting to know how they work can help in positioning...

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DEFI Is Heating Up – But will it last?

Via Forexop Last updated on July 20th, 2020 With wild central bank intervention in financial markets, bond yields are touching their lowest in decades if not centuries. Central banks are telling us, not only that money is free, but you’ll get paid to borrow it. At least if you happen to be a government. This...

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How to Automate Your Trading without Writing Code

Via Forexop Last updated on July 13th, 2020 Most of those who’ve traded forex, cryptos or other markets for a few months have probably come up with a strategy idea that they think could be ripe for automation. It is repeatable, it is scalable and has the potential to create a nice monthly income for...

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5 MUST do things to Protect Profits in a Down Cycle

Via Forexop Last updated on July 6th, 2020 1. Have a backup strategy One of the smartest things you can do in a down cycle is having the ability to switch to an alternative trading strategy. Or even an alternative asset class. It’s fair to say that many of the strategies out there are designed...

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Naked Trading – Declutter Your Charts

Via Forexop Last updated on June 29th, 2020 An abundance of complicated chart indicators, studies and other tools has led some people to question the wisdom of this approach. Do we really need all of this stuff on our charts? Is naked trading a viable strategy? © forexop People in the naked trading camp would answer a...

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Ethereum 2.0: What is it and What does it Mean for Crypto?

Via Forexop Last updated on June 22nd, 2020 Ethereum Basics First of all, what is Ethereum? Many people know Ethereum simply as a tradable cryptocurrency, much like bitcoin. This is true. The native cryptocurrency of Ethereum is ETH and you can buy it, hold it, and use it as means of payment or exchange where...

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5 Asset Backed Cryptos to Watch

Via Forexop Last updated on June 15th, 2020 Digital asset backed tokens solve the problem of purchase, storage, and exchange of commodities that exist in the real world. Gold for example is expensive to store, to move, and to transfer from one owner to another. Tokenization aims to put the ownership of these assets on...

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Earning Interest on your Cryptocurrency

Via Forexop Last updated on June 8th, 2020 Turning idle crypto coins into real cash is a big incentive for many hodlers. Yet the market for cryptocurrency lending and borrowing is still evolving. Getting a return on your cryptos © forexop Whilst that is the case, there are several platforms to choose from if you’re planning on...

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7 Easy Ways to Value a Cryptocurrency

Via Forexop Last updated on June 1st, 2020 An abundant supply of new cryptocurrencies and tokens means that we need to have some simple tools to understand their value. Most investors are familiar with the valuations used for companies such as price to earnings and price to book, but what yardsticks can we use to...

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Central Banks and the Paper Gold Market

Via Forexop Last updated on May 25th, 2020 With gold seen once more as a strategic asset, central bank buying has been steadily on the rise. One obvious reason is to diversify foreign exchange reserves away from US dollars. In an unstable world, this makes perfect sense. Central banks gold purchasing © forexop It is no secret...

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Stablecoins: Uses and Limitations

Via Forexop Last updated on May 18th, 2020 What are stablecoins? Stable coins work much like other digital cryptocurrencies and have most of their advantages. However, unlike freely floating coins like Bitcoin and Ethereum, stablecoins are pegged to something in the real world. The pegging can be to fiat currency, a basket of currencies, or...

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Bitcoin Halving Events Explained

Via Forexop Last updated on May 11th, 2020 One of the fundamental value factors of bitcoin and other cryptocurrencies is their rate of supply. Bitcoin’s protocol is what sets the supply rate of newly minted coins. This is its supply schedule, and the supply of new bitcoins diminishes over time. Cryptocurrency halvings © forexop Fiat currency and...