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Scammed? Where to Get Help
Have you been the victim of an elaborate scam in the Forex market? Not to worry. There are places where you can run to for help if you feel you have been taken advantage of. There are regulatory agencies which have been created to protect you and I from the various Forex scams that are […]
Read Some MoreHow To Approach Your Trading Day
Today, we will go through the processes that constitute the correct approach to a typical trading day for a forex trader. The most important component of a typical day in the trading business is to first understand the sentiment of the market. A trader who understands what the prevailing market sentiment or feeling is will […]
Read Some MoreThe Impact of Mergers and Acquisitions on Currencies
Mergers and acquisitions constitute another set of tools that can be employed by the forex trader to generate medium term profits. The big question is: how are mergers and acquisitions related to the stock market? What is the correlation between the two? The Correlation A strong equity market will see a significant amount of cash […]
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Tweezer Tops and Bottoms
In today’s article, we will discuss another set of candlestick patterns which are not very popular, but will yield profits for those traders who know how to use them. These are candlesticks known as Tweezers, and the two patterns to be discussed are the Tweezer top and Tweezer bottom. As the names imply, they signal […]
Read Some MoreTrading the Oil-USD Correlation
Crude oil is a very important component of the world economy and the financial markets. Priced in US dollars, many countries of the world earn their money from exporting large amounts of it found within their territories. Crude oil is so important because of all the derivative products obtained from it, used in several industries […]
Read Some MoreAutotrading The New Social Trading – Tips
Autotrading in forex is a system where traders link up their accounts to that of other more successful traders on a platform so that the strategies that these successful traders use are duplicated on their own accounts automatically. Forex autotrading should not be confused with automated trading (trading with forex robots). In forex autotrading, there […]
Read Some MoreSetting Stop Loss and Take Profit Targets
There is a dilemma that seems to confound many retail traders where we see them making this mistake time and time again. This problem is the issue of setting stop loss and profit targets for their trades. Many traders simply set these targets arbitrarily without any principles guiding their actions. Picture this scenario: a trader […]
Read Some MoreThe Correct Approach to a News Trade
The reason why we have placed so much emphasis on trading the news in some of our previous articles is because the news moves the markets. A high-impact news release will not wait for a rounded top or a head and shoulders pattern to play out and perhaps lead the market; the news will dictate […]
Read Some MoreTrading the Double Bottom Pattern
Today’s topic is on how to use another common chart pattern to pick up pips from the Forex market otherwise known as the DOUBLE BOTTOM. The double bottom is a bullish reversal pattern that signifies when prices have bottomed out and are ready for an upside reversal. It is like the currency pair is saying: […]
Read Some MoreTrading the Double Top Pattern
Today we will talk about yet another chart pattern that traders can use to glean profits; the DOUBLE TOP pattern. The double top is a bearish reversal pattern that signifies when prices have topped out and are ready for a reversal. The double top is made up of two successive peaks that are formed as […]
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