Today we will be covering a more advanced form of technical analysis, referred to as the Elliott Wave Theory. Many traders have heard of the Elliott Wave theory, but some find it a bit overwhelming … [Read more...]
Many traders are familiar with trading price action techniques using horizontal support and resistance lines, but some traders find it difficult to trade using trend lines, and this is rightfully so, … [Read more...]
In the carry trade, the investor can profit from both the interest rate spread and also from a favorable price movement in the currency. However, The direction of the currency pair is sometimes a … [Read more...]
Central Banks are government agencies that regulate their national currencies in order to maintain a healthy economic environment, balance exports and imports, prevent inflation, and stimulate growth … [Read more...]
When trading forex, many traders use different indicators in order to get additional confirmation for their signals. The primary indicator that a trader should use is Price itself, because Price … [Read more...]
Pivot Points are a type of support and resistance levels that are used by many intraday and short term traders. When trading pivot points, many of the same rules are in force as with other types … [Read more...]
When you trade Forex, you need to stack the odds in your favor. Forget about trying to be right 100% of the time. That just not possible or even practical. If you are trading with a good risk to … [Read more...]
I bet you have traded some chart patterns during your trading career. Double Tops, Double Bottoms, Head and Shoulders – we all know these. Therefore, today we are going to take our knowledge of chart … [Read more...]
Have you ever wondered what technical trading indicators to use in your forex trading? If you are, then this article will surely appeal to you. When you decide on your technical analysis trading … [Read more...]
Have you ever heard of Fibonacci ratios in Forex trading? If not, then you have come to the right place. And even if you have, you may just learn a thing or two. Today I am going to explain to you the … [Read more...]