About: jonywang
Recent Posts by jonywang
Technical Analysis: Chart Patterns
Traders believe that the underlying theory behind chart patterns is that various shapes, or patterns, repeatedly show up on charts, and highlight various trends that can present trading opportunities. The most common chart patterns are: Symmetrical Triangles Ascending Triangles Descending Triangles Double Top Double Bottom Head and Shoulders Reverse Head and Shoulders Symmetrical Triangles AContinue Reading
Written on September 7, 2023 at 9:17 am
Categories: Trading Basics
The Impact of Rate Hikes On US Home Sales And Services PMI
The Week Ahead: Week of 21 August (GMT+3) Tuesday, 22 August, 17:00 – US Existing Home Sales (Jul) During June, existing home sales in the U.S. witnessed a drop, reaching a five-month low of 4.16 million, which could be attributed to the impact of the Federal Reserve’s aggressive interest rate hikes on house prices. InContinue Reading
Written on September 7, 2023 at 9:16 am
Categories: Weekly Outlook
The Psychology of Trading
When trading, the two most common and dangerous emotions are fear and greed. Fear and greed can ruin even the best trading strategies. A single moment of fear or greed and lose your months of hard-earned profits. Having discipline and keeping your emotions under control is an invaluable skill in trading. Greed is trying toContinue Reading
Written on September 7, 2023 at 9:16 am
Categories: Trading Basics
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