Advanced Forex Trading
How To Use Bollinger Bands
Bollinger bands are a technical analysis indicator that consists of an upper, a middle (simple moving average), and a lower band. Usually, price action will be contained within the Bollinger bands, although breakouts do occur.
This indicator can be a great asset to technical analysts because it can be used to gauge market conditions, spot entry opportunities, and set targets.
Marking Up The Zones
It is of the utmost importance that you know how to mark up zones in the Forex market. When you can mark these zones correctly, you are able to see why price reacts a certain way around a zone, whether that be support or resistance.
How Brokers Make Money – Beware Of These
Often as a Forex trader, the first thing you want to do is just make money without really looking at the reasons why you may not be making money, or rather the reasons for losing trades.
Now, don’t get me wrong it is vital to focus your attention on having great winners, but it is equally important to focus on the small losses…
Impact Of Housing Data On Forex Trading
Do you remember the housing market crash in 2007 and the financial crisis that followed in 2008?? Like myself, you may have been too young to understand what was going on.
BUT those who worked for Lehman Brothers, and other major banks, will never forget it.
Buy The Rumor, Sell The News!!!
Living in the Information Age, makes information way more accessible and it also means it is easy for anyone to put out news! Whether that information is credible or not is an entirely different story. Probably the most important thing to consider is the reliability of stories before making any investment decisions.
Forex Traders Guide To FOMC Meetings
Remember in the Main Fundamental Forces In Forex article we said that certain fundamental events can lead to large movements in the Forex markets? And we named a few such as the GDP, unemployment rates, and even interest rates. In this article, we will look at the fundamental event known as the FOMC Meeting.
The ADR (Average Daily Range) And How To Use It
The ADR (Average Daily Range) is sometimes called the ATR (Average True Range) depending on your platform but don’t worry THEY ARE THE SAME.
The ADR is an indicator that does a simple calculation of the average movement of price within a day over a number of days (or periods).
Forex Market Cycles
We have 3 types of movements that create cycles in a market, either within a year, a month, a week, a day, or any other timeframe. Cycles are everywhere.
We have the bullish, bearish, and ranging movements. The interesting thing about these movements is if you are not able to spot what market environment we are in, you are probably the joker at the poker table, ready to lose all your money.
Forex Position Trading
There are many different strategies that traders pick from. As a beginner, it is common for a trader to run through all types of trading until he or she finds the style most suited for them. This kind of searching may take a couple of weeks, months, or years dependent on the person.
Stop Hunts In The Forex Market
It’s not what you think.
This particular topic is a bit taboo in Forex trading for some and a real reality for others. But how can that be? If you’re new to Forex then allow me to disabuse you of the notion that everyone experiences the market the same way.