Forex Tools

Reviews of tools for forex trader – trading terminals, advisors, indicators, etc.

PMI Index: Why Economists are Fond of Purchasing Managers

PMI is one of the most powerful economic indicators that are useful to investors. Its signals give an idea of ​​the further GDP movement, and, accordingly, draw conclusions about the dynamics of exchange rates and the stock market. Purchasing Managers Index – a finger on the economy pulse ...

How to Use the Momentum Indicator in Forex

The Momentum indicator is one of the most exciting oscillators available to technical analyze financial markets. Like any oscillator, it appears at the bottom of a chart. Many traders consider it as a benchmark for volatility too. If that’s the case or not, we’ll let you decide after reading ...

Top 10 Mobile Trading Apps for Forex Traders to Use in 2019

The foreign exchange market is fast-moving, ever-changing and highly competitive. It’s the world’s largest market with a turnover of over $5 trillion per day. A trading platform is a core instrument that lets investors and traders open, manage and close market positions. Nowadays, ...

Price action trading refers to buying or selling a currency market or a market without using any technical analysis indicators. Only with the use of trendlines, traders identify support and resistance levels where the market is most likely to hesitate. Because brokers offer various timeframes ...

The Head and Shoulders Pattern in FX Trading

Belonging to classic technical analysis patterns, the head and shoulders is one of the oldest reversal patterns documented. It forms at the end of both bullish and bearish trends and works on all trading environments. There’s plenty of information regarding the head and shoulders pattern, and ...

Trading with Moving Averages

Moving Average is one of the most widely used tools in technical analysis. Although mostly traders have knowledge on what moving average is and how to use it but there are very few who actually know how to employ it for maximizing profits. Basically moving averages give an average price of the ...

Fluctuations in foreign exchange rates are generally in line with the direction of the moving average. The moving average cycle length is a very critical factor: when the MA short cycle sensitivity is high, the accuracy is relatively low, when the MA long cycle sensitivity is low, the stability ...

Swing traders may find 4H charts very useful as they help to determine price movements without paying too much attention to economic data. It would not be wise to ignore fundamentals, because in a way, political intervention in the markets occurs quite often. I would like to note that every 7 ...

There is a harmonic series in nature that describes algebraic curves or explains such phenomena as the horizon of the ocean or arcs of a sum. For many phenomena we can find Fibonacci series, running as follows: 1,1,2,3,5,8,13,21,34,55,…,etc The mathematical series is always associated ...