There are several different class of indicators that a trader can utilize. And based on the specific goal, such indicators can help in the overall decision-making process. Most traders are familiar … [Read more...]
Before allocating any money in the markets, a trader needs to decide on the trading timeframe that they will be focusing on. This should be clearly spelled out within each individual trader’s business … [Read more...]
Price movements within the spot forex market are represented in pips. A pip is the minimum tick that a currency pair moves up or down. The value of a pip may be different from one currency pair to … [Read more...]
Harmonic patterns are becoming increasing popular in Forex trading. Harmonic patterns can be classified as Internal Patterns or External Patterns. Internal patterns include structures such as the … [Read more...]
There are essentially three major categories in terms of anticipated time horizon for a trade. Day Trading, as the name suggests is based on intraday price action and usually positions are entered and … [Read more...]
There is a wide array of studies within the technical analysis field, and many talented analysts and traders have contributed their work in this area. One of the brightest minds in the industry is a … [Read more...]
Developing and applying a Forex strategy with a distinct edge plays a crucial role in the success of a trader. Therefore, it is essential to learn and test different currency trading techniques so … [Read more...]
Technical indicators and oscillators are popular among forex traders for currency analysis . Forex oscillators can assist the trader in discovering market extremes and turning points on the chart, … [Read more...]
Analyzing price action is an integral component of technical analysis. Price action analysis can help traders select optimal trade candidates as well as assist in setting entry and exit points on the … [Read more...]
In today’s lesson, we will discuss a very simple but highly useful tool that can provide valuable information to the trader. The indicator I am referring to is called Average Daily Range (ADR), which … [Read more...]