Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
The Best Trading Books for Every Trader, Grouped by What They Teach
Short answer: the best trading books are not one top ten but a small shelf covering five jobs: foundations, technical analysis, risk, trading psychology and market structure. Foundations come from…
Carry Trade Explained: How the Rate Differential Pays or Costs a CFD Trader
Short answer: a carry trade is a position that borrows a low interest rate currency and holds a higher interest rate currency. The trader collects the gap between the two rates for every day the…
Chaikin Money Flow: What It Measures and How to Trade With It
Short answer: Chaikin Money Flow (CMF) is a volume-weighted oscillator. For every bar it asks where the close landed inside the range and how much volume backed it. It sums that weighted volume…
Core CPI vs CPI: A Detailed Comparison for CFD Traders
Short answer: the core CPI vs CPI question comes down to one exclusion. Total CPI, also called all-items CPI, measures price changes across the whole urban consumer basket. Core CPI strips out…
Crypto Fear and Greed Index: What It Measures and How to Trade With It
Short answer: the crypto fear and greed index gives one daily score from 0 to 100 that summarises market sentiment across bitcoin and the wider crypto market. Low readings mean fear, high readings…
Cypher Pattern: The Harmonic Setup Where C Breaks Past A
Short answer: the cypher pattern is a five-point harmonic structure whose third swing, C, pushes beyond A to a fresh extreme before price turns back to D. B retraces 0.382 to 0.618 of XA, C…
Fibonacci Extensions: How to Set Profit Targets at 127.2, 161.8 and 261.8
Short answer: fibonacci extensions are horizontal lines drawn beyond a completed price swing. They mark where the next leg of a trend may run out of steam. You build them from three points: a…
Gamblers Fallacy in Trading: Why a Streak Owes You Nothing
Short answer: the gamblers fallacy in trading is the belief that a run of similar outcomes makes the opposite outcome more likely next. Five red days do not make a green day more probable. Four…
Gold Silver Ratio: What It Measures and How Traders Use It
Short answer: the gold silver ratio is the gold price per ounce divided by the silver price per ounce. A reading of 80 means one ounce of gold buys 80 ounces of silver. Traders use it as a…
How to Trade Ethereum as a CFD: Sessions, Volatility and Position Sizing
Short answer: how to trade ethereum comes down to three decisions made before the order ticket opens. Pick the session you will trade, size the trade from the stop, and settle before Friday…
Hull Moving Average: How It Cuts Lag and Where It Misleads
Short answer: the hull moving average (HMA) is a moving average built from weighted moving averages. It turns almost in step with price yet keeps a smooth curve. It gets there by stretching a fast…
ICT Macros: The 20-Minute Windows, What Price Does Inside Them, and How to Pair One With a Liquidity Target
Short answer: ict macros are fixed windows of roughly twenty minutes, mostly placed around the top of an hour. Inside them, the ICT method expects price delivery to speed up and reach for a nearby…