Best Forex trading strategies for both beginners and experienced traders: scalping and long-term trading strategies. Pros and cons of different approaches to trading on Forex. Learn essential strategies and expand your knowledge with the latest trends.
Belonging to classic technical analysis patterns, wedges come in two shapes: rising and falling. The saying goes that a rising wedge is falling and a falling wedge is rising, highlighting the bearishness and bullishness of the pattern. A wedge is a terrific reversal pattern. It forms when [Read more...]
Ralph Elliott built a trading theory based on human emotions like fear and greed and used different market cycles to explain the financial markets’ moves. He divided the market swings into waves, impulsive and corrective, that explain every upward or downward movement of a market. The theory, [Read more...]
One of the most intriguing technical analysis theories, Elliott Waves traces its roots in the first half of the 20th century. Ralph Elliott built a complex trading theory on the assumption that the stock market is the sum of human emotions like optimism and pessimism, fear and greed. He [Read more...]
The United States jobs data is a crucial piece of economic data for any currency trader. Behind the numbers, the implications on the USD matter the most for any serious trader. A currency trader will always perform better if he/she keeps the interest aligned with the central bank monetary [Read more...]
Contracting triangles are the favorite way for a market to consolidate. Whenever you think of a possible range to form, the chances are that the market will form a contracting triangle. The name is not random. The contracting nature of a triangle comes from the two trendlines that define it. [Read more...]
The purest form to interpret the price action, market geometry sits at the base of technical analysis. It uses consolidation areas from the past as well as past price behavior to project high-probability levels where the market will react. Trading with market geometry has much to do with [Read more...]
J. Welles Wilder, a market technician, invented the Relative Strength Index or the RSI back when the FX market wasn’t available to retail traders. In those times (late 1970’s), the current free-floating currency system was in its incipient phases. The Nixon administration scrapped the Bretton [Read more...]
Belonging to classic technical analysis patterns, double and triple tops and bottoms form on all markets. And, quite often. Because of that, technical traders and not only, pay attention to these two reversal patterns, as they suggest the market’s inability to continue in the previous [Read more...]
The CPI or the Consumer Price Index is the economic release every currency trader must monitor. Called inflation, the CPI tracks the price changes over a given period. It typically refers to all goods and services in an economy, and it is part of every central bank’s mandate. Entire monetary [Read more...]
Currency trading is a 24/5 market that virtually follows the sun. From Monday to Friday, the markets never close, making it difficult to speculate on all trading sessions. Moreover, different trading sessions have different particularities. Some are more volatile than others, for instance, so [Read more...]