One of the biggest dilemmas Forex traders face is where to put the stop loss order. Any trade should have a Forex stop loss order. Trading without a stop loss is not only risky but foolish too. The Forex market swings aggressively. Not once, the currency pairs travel only to take the stops on a […]
Technical analysis as we know it today would not be the same without the channel indicator. Forex channel strategies derived from it are popular among retail traders. Moreover, the channel indicator MT4 platform provides is useful in many ways. Every retail trader heard of the Forex channel indicator MT4 and the advantages of using it. […]
Forex traders have a difficult task: to know where the price goes next. For this, they use both technical fundamental analysis. Fibonacci retracement levels and the rest of the Forex Fibonacci tools form the basis of almost any trading theory. Starting with basic support and resistance levels and ending with complex theories like the Elliott […]
Technical analysis “a-b-c” starts with support and resistance Forex traders use. From basic concepts to advanced techniques, support and resistance levels give an idea about when to jump into or out of a trade. There’s more to money than many people think. Most of us must have it for various reasons. Mainly, to fill what […]
The history of money is a work in progress. Technical analysis of a financial product cannot exist in its actual form without a triangle chart pattern. Past patterns show a future forecast, and a Forex triangle is one of the most impressive ones. When thinking of money, modern traders don’t think of physical money. Money […]
They say the trend is your friend. Or, ride the trend until its end. But, what should a trend trader do to ride a Forex trend? Everyone wants to trade trending markets. The problem is that trends do not form that often. However, there’s a catch! Even if a currency pair ranges on the bigger […]
Every trader knows the Forex market spends most of the time in consolidation. This simple statement makes everyone looking for a perfect Forex breakout strategy. Breakout trading allows great risk-reward ratios. Because of this, Forex breakout trading strategies are popular among traders. What drives people to Forex trading is the ability to make money. Quick […]
Every trader around the world heard of the Relative Strength Index, also known as the rsi technical indicator. No matter if trend followers or reversal’s hunters, traders use the Forex rsi oscillator for market entry/exit. Technological advances forced both brokers and retail traders to “step up” to the game. Back in time, technical analysis was […]
This time I will be showing you how to use the MACD indicator. The trade shows a bullish divergence between the price action and the Forex MACD which was the reason for the long trade I took with the USD/CAD. Signals for the Forex MACD Trade The MACD indicator lines were showing increasing bottoms while the […]
A Forex trader buys or sells a currency pair. The idea is to profit from its volatility. This is why traders favor major pairs and not crosses. This represents only one of the Forex strategy secrets successful traders use. On top of that, traders search for a trading system to eliminate fear and greed. Unfortunately, […]
