Forex trading experts achieved success in this endeavor by making use of a complete trading journal. Aside from keeping track of your ideas and profits, you should also monitor your risk management decisions and manage your emotions by including these in your trade journal. These components make a trading journal complete and useful:
Learning how to identify divergences can be a handy advanced trading tool, as it is often used to predict reversals or continuations in price action. Looking at divergences means watching the highs or lows of the currency pair and comparing it to the highs and lows of the oscillator. The kinds of divergences can be grouped into four main ones.