Fundamental and technical analyses represent the core of any Forex trading process. These two concepts represent major schools of thought in approaching and understanding the markets. Both have the same goal: understanding the historical behavior of markets to forecast future trends; however, the path towards that goal is different. Fundamental analysis in Forex focuses on […]
Most traders love continuation figures like the triangle pattern; this makes it one of the most commonly traded chart formations in Forex. Unlike reversal patterns that signal an impending change in the trend direction, triangles are used to make profits in trend extensions. The Triangle Pattern in Forex is a price formation that signals a […]
Traders and analysts forecast future price movements in Forex using different chart patterns. These formations can range from the most basic ones that consist of a few trend lines only, such as triangles, wedges, flags, pennants, double top/bottom, to more advanced setups like Harmonic Patterns. Forex Harmonic Patterns are geometric price formations that derive from […]
One of the most important skills for successful trading is Forex chart patterns analysis. Learning to recognize price formations on the charts is an essential part of the Forex strategy of every trader. Then, it is vital that you learn about these figures, their meaning and how you can use them to your advantage. There […]
Forex Factory is one of the most popular sites for forex traders online today. Its calendar provides great information for all types of traders. Using it will help you to understand the impact of news on the market, which could reflect on increased profit on your account. So, how do you use the Forex Factory […]
Reading Forex charts is one of the first steps you need to learn in your trading journey. Fortunately, you are in the right place to understand how a line chart, a bar chart or candlestick chart works. Moreover, mastering Forex charts will allow you to become an efficient and profitable trader. To read a Forex […]
There are considerable risks involved with trading the market if you are not well-versed in Forex. One of the most substantial risks is the high propensity of Forex trading scams within the Forex marketplace. How do you avoid Forex scams? To avoid Forex scams, practice caution with the following tips: Do your research. Work with a […]
The psychology of Forex trading has a lot to do with how the market moves. The anxiety in trading happens when most people fail or think they will fail at trading. These emotions will lead to a continuous stream of failed trading attempts that will cause a bigger psychological toll on someone’s mental health. What […]
As a trader, you should always have different tools available in your arsenal to analyze and trade the market. The Fibonacci and its retracement levels are a must-learn for you. The Fibonacci retracements are a technical tool used in Forex to define support and resistance levels. Based on a numerical series, the Fibonacci displays horizontal […]
Shooting stars often appear in Forex. These candlestick patterns are a must-learn when getting started in trading. Most seasoned traders consider the shooting star to be a powerful price formation due to its effectiveness and reliability. It is also is one of the most common candlestick patterns in the market. The shooting star is a […]
