Review of proven trading methods and techniques for both newbies and experienced Forex traders.
My name is Misheal. I started trading the Foreign exchange market 2 years ago. I must say it was really hard time for me. But it was then when I really rushed into Forex. With no sufficient knowledge I started gambling my hard earned money and that cost me a lot. This confirms the popular […]
Forex market players see volatility as a logical result of a large volume trading during the day. In terms of economy, there are varying fluctuations i.e., oscillatory movements generated by the supply and demand for a particular product. If a trading volume is low then we have low supply, [Read more...]
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 [Read more...]
Introduction: There is a popular saying that “Know what you do and do what you know”. Price action in a practical sense means we know what we are doing in the market and then doing only those things that we know about the market. In other words, most of the trading failures in the [Read more...]
First you need to accept the fact that trading is simple, and the market is not your problem. The real problem is the way you see and perceive the market as your problem. Actually, no one trades the market. We all trade our own belief systems. If you see [Read more...]
Veterans of the foreign exchange market know that currency prices move in a zig zag way representing the the bear-vs-bulls force. Everything that really matters here is the price action. Let's try to understand the market analysing candle by candle. It’s important to say that candles [Read more...]
A price can be ascending or descending thus, moving in a zig zag. Also, we know that a start of a wave will determine a trend that will consolidate or not depending on a risk aversion. By drawing any two points we have a simple segment. We can see small movements between AB or CD […]
News Trading is rapidly becoming one of the most popular strategies for Forex traders. However, in pursuit of high yields some reckless market participants tend to neglect the fundamental risks associated with FX transactions before fully digesting the published information. Traders’ [Read more...]
Traders commonly interpret payment for retaining an open position overnight (aka Swap) as an additional fee, which they must pay to their broker, since Swap is negative for most of currency pairs. In other words, it is a debit to customers’ account. However, for some currency pairs it is [Read more...]
For years one of the most frequently posted “open” strategies for trading newbies and forum goers has been the moving average cross over strategy. Every strategy has its own unique facts and figures attached to it. Be it the parameters of the indicator itself or the time frame or [Read more...]