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.
Technical analysis changed dramatically when the Japanese approach was introduced to the Western world. To the astonishment of many Western technical analysts, it turns out that forecasting prices is a centuries-old concept in Japan. With roots back to 1700, Japanese candlesticks techniques [Read more...]
Belonging to classic technical analysis patterns, ascending and descending triangles are great patterns to use on the currency market. They have many advantages, such as being visible and easy to spot and interpret. Before presenting a short guide to trading such triangles, it is essential to [Read more...]
A technical trading tool often misunderstood by many retail traders, the Andrews’ Pitchfork is part of every single trading platform that exists. It is over a hundred years old and suffered many changes until the form we use today. Its origins are based on the law of gravity, as one of its [Read more...]
Failures are interesting and, at the same time, powerful concepts within the Elliott Waves Theory. They have a predilection of forming during corrective activity, but also impulsive waves can “fail.” Before anything, let’s review a bit the main idea of the Elliott theory. By counting corrective [Read more...]
One of the most interesting technical analysis indicators comes from Japan. The Ichimoku Kinko Hyo, by its complete name, means, in rough translation, “equilibrium at a glance.” It is, indeed, an indicator that shows the equilibrium state in the market. Perhaps the only indicator to show both [Read more...]
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...]