Build the foundation for effective analysis.
Learn the ins and outs of technical analysis.
Technical Analysis
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.
How Many Currency Pairs Should You Trade?
This is a question that may plague a lot of traders. Some of you might have heard things like “trade all of them” or “trade one until you master it”. These opinions can come from leaders in the trading industry thus leaving some newbies or even intermediate traders in the grey about which route to take. Which answer is the right one? Both…
Price Action Forex Trading
Price action refers to the price changes of a security, which is represented on a chart. All forms of technical analysis are based on price action, since these methods are used to analyze the changes in a securities value.
Making decisions based on price action means that your actions are determined by market movements on a chart. In Forex trading, this means focusing on the fluctuation of the exchange rate between two currencies.
Analysis Vs. Trading… They Are Not The Same Thing
Growing up as a Forex baby you may have thought to yourself that your analysis is a big part of whether you make money trading Forex but that is not entirely true, unfortunately for some, your actual trading is responsible for a green P&L at the end of the month.
Candlesticks In Forex Trading – What You Need To Know
Candlesticks were first used in Japan by rice traders, the use of candlesticks charts then became popular in other markets, including Forex trading. Today, Japanese candlesticks are one of the mainstays of technical analysis in markets, why is their use so popular?
Trading Trendline Breaks
Trendlines are a form of dynamic support and resistance which means trendline breaks signal a potential shift supply and demand, just as breakouts of horizontal levels do. Traders can take advantage of these occurrences and position themselves on the correct side of the market.
Before we rush, what is a trendline breakout? This occurs when price closes past a trendline that previously acted as support or resistance.
Retracements In Forex Trading
Retracements are temporary moves against the overall trend direction, which eventually result in trend resumption i.e. retracements can be considered as temporary trend reversals.
In Forex trading, a retracement occurs when the weaker currency overall, has a burst of strength that ends when the stronger currency overpowers it again (and the trend resumes).
Knowing Your Forex Pairs
In this article, we will discuss a few key pointers that every Forex trader needs to know about his or her currency pairs. So let me start by asking you a few questions… How well do you know your pairs; EURUSD, GBPUSD, USDJPY?
Seriously how well?! Do you know what happened 2 weeks ago with cable? Or why the Euro gained so much strength over the past week? Or what price your favorite pairs are sitting at right now?