Forex Trading Strategies

Fakey Pattern” in Forex Trading: Understanding the Basics

3 min read

Fakey patterns are a popular trading strategy used by many Forex traders. The Fakey pattern is a price action trading strategy that involves a series of inside bar patterns to identify potential break out trades that can lead to high probability trades with decent reward to risk ratios. The setup can be used in both trending and range bound markets and may offer clues for further trade direction. Fakey patterns can be used as a signal to buy or sell a currency pair as the breakout occurs. For Forex traders, a Fakey pattern can be an excellent way to potentially capitalize on short-term market movements.


Golden Ratio” in Forex Trading: A Useful Guide

5 min read

The golden ratio forex strategy is a popular trading technique used by experienced traders to predict market movements. It is based on the Fibonacci sequence, which involves identifying clusters of price fluctuations and measuring them according to the ratio of the two outermost points. The golden ratio is based on the assumption that markets often move in predictable patterns and that those patterns can be exploited by traders. The goal is to make profitable trades by understanding the underlying trends in the market and predicting how those trends will develop. Experienced traders of forex typically employ the golden ratio when trading to gain an extra edge in the markets.