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Insights, strategies, and guides to help you trade smarter.
Backtest metrics allow traders to assess the strategy’s performance based on historical data. Considering just the overall return of a strategy will create an inaccurate assessment since two similar strategies may have different levels of risk and reliability.
Candlestick patterns allow traders to gain insight into how the price acted during a certain time. In every candle there are four important prices: the opening price, the highest price, the lowest price, and the closing price. Such candlestick chart patterns may provide valuable insights into buying, selling, indecision, and the change in momentum.
Support and resistance levels are widely used in technical analysis because they show potential price levels at which buying or selling pressure is likely to change.Support and resistance levels can be formed around previous highs and lows, consolidation zones, trendlines, and other areas where price has reacted numerous times.
Market structure offers a framework to better understand the dynamics of prices in their high-low movements. Rather than examining each candle individually, the trader is able to analyze the relation between price levels in order to know whether the market is trending, ranging, or even reversing.
Technical indicators allow traders to convert market data into understandable information. The trader does not have to consider all movements separately but can perform certain computations to analyze the trend, momentum, volatility, and volume of trades.
Multi time frame analysis provides traders with an additional tool to analyze