The stochastic momentum indicator is one of the most popular technical analysis indicators used by Forex traders. The Stochastic Oscillator was invented by a Chicago-based securities trader and … [Read more...]
The capital markets of a nation generally give a good indication of its economic health, as does the relative valuation of its currency compared to other major currencies. Furthermore, the strength … [Read more...]
Have you ever been watching a currency pair and seen a familiar pattern but you were not sure how you should approach the trade? That feeling of uncertainty is one that thousands of traders feel … [Read more...]
If you are a newbie forex trader and you want to learn the truth about forex trading as it applies to you and your trading business, one of the first things you need to understand is that many myths … [Read more...]
Many individuals that first venture into the world of Forex trading do so because they believe that it is a lucrative way to make fast money. Some may even see early success thru demo trading. … [Read more...]
The MACD is one of the most popular and broadly used indicators for Forex trading. The letters M.A.C.D. is abbreviation for Moving Average Convergence Divergence. The MACD indicator, which requires … [Read more...]
We have discussed many different types of chart patterns to date. Today we will talk about a somewhat lesser known pattern but one that is still highly effective. I am referring to the Cup and Handle … [Read more...]
One of the most important elements in successful forex trading is money management. Structuring a trading plan without a prudent money management component, can seriously affect a trader’s profits and … [Read more...]
Many traders do not place very much attention on the actual time frame that they intend to trade or how long they intend to hold a position for. They may set a stop loss and take profit order levels, … [Read more...]
Should you practice forex trading using a demo account? This is a question often posed to traders of all levels, but particularly to newer traders. While you cannot replicate the … [Read more...]