What is a megaphone pattern?

A megaphone pattern is a chart pattern that occurs when the price movement becomes volatile. It consists of at least two higher highs and two lower lows formed from five different swings. Each swing is larger than the previous one, and the higher highs and lower lows can be connected by two diverging trendlines that resemble the shape of a megaphone and give the pattern its name.

What is a professional trader?

After learning more about the world of trading and getting real money from your trades, you might start thinking about becoming a professional trader. But what makes a professional trader?

The success of trading depends on many different factors. They include not only theoretical savvy, understanding of fundamental and technical analysis, constant learning and gaining experience, but also psychological and emotional stability. To accomplish all of the above, you need to add just one missing piece of the puzzle — discipline.

Let us find out together why discipline in trading is so important and how to achieve it.

It cannot be that you have never heard of NFTs. Artists sell their paintings in NFT format, musicians release NFT albums, and even Banksy's work "Morons (White)" has become a virtual asset. This is a real paradise for digital art connoisseurs and those who simply like to own unique assets.

Unsurprisingly, the popularity of NFTs is only growing. But besides the NFTs themselves, there are NFT coins. Let us figure out what it is and which coins are better to invest in.

What Does a Rising Wedge Mean?

A rising wedge (or ascending wedge) is a type of a technical chart pattern used to identify changes in a price movement trend.

Tech development impacts our daily lives as well as traders’ profits. Technologies change rapidly, creating new opportunities in everyday routine and the stock market.To keep up-to-date and gainful, traders should be aware of the current and future tech trends. Trading is one of the fastest shifting industries, and the tech sector has always been brisk. But we know the importance of technology predictions and have prepared a list of emerging stocks.

When you decide to start trading, relying on intuition and general understanding of the market is often not enough. You also need to be able to analyze price charts and draw your own conclusions from them. One of the most descriptive charts is a candlestick chart.

The whole world has been buzzing about cryptocurrencies for years. And yet the topic is only getting hotter every day.

To keep you informed, we regularly post the latest crypto news on our website and social media. Recently, we took a look at new crypto released in 2022 and even made a short guide on how to trade cryptocurrencies.

Even with all the junk food controversy, Big Mac is known and loved by many all around the globe. But did you know that Big Mac is also an economic indicator?

Read this article to learn about the Big Mac Index, what it means, how it was created, and how you can use it in trading.

Have you thought about what the highest currency in the world is? Is it the US dollar, the euro, or the British Pound? No, they are not. They are the world’s most famous, most traded, and widely spread currencies. Some other currencies outperformed those three. Surprisingly, but being the most traded, the US dollar is not even in the middle of the top 10 list.

A trade order is a request that a trader places on a marketplace or any online investment intermediary (like a broker) to trade on some asset. This is the basis. Without understanding its essence, you will not be able to trade.

In this article, we are going to consider three principal types of orders for stocks, currencies, and commodities that allow you to define the particular terms: Stop, Limit, and Stop Limit orders. We will tell you the difference between them and the way they should be used.

Besides, beginners will find a lot of useful information in our analytics section, including the glossary that you should read before you learn how to open or close an order. So, let's start!

MetaTrader 5 is the latest version of high-end trading software from MetaQuotes. Superior trading features, technical & fundamental market analysis, and automated trading make it an excellent platform for experienced traders.

New to trading? Don’t worry, you can start trading with MT5 from scratch. Here is a quick step-by-step guide on how to install MT5, set it up, and open your first trade. Let’s go!