How to successfully trade Head and Shoulder and Inverted Head and Shoulder pattern?

Traders often study trends and patterns when analyzing the market, in hopes of detecting the next most probable price movement. Spotting and correctly identifying patterns, and understanding their significance, is vital to successful trading. The head and shoulders pattern is quite popular amongst the market participants due to its reliability in the past and of course the success ratio. Let’s understand the pattern in detail. [more]

Trading based on Support and Resistance levels

Support is an area where the prices of any types of assets tend to stop falling. Resistance is an area where the prices of any types of assets tend to stop rising. But knowing just these definitions will not help you in your trading. Traders need more information than these definitions for making trading decisions based on support and resistance. [more]