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Pinbar Trading Strategy for Bigger Profits
Pinbars are very important candlesticks in forex because they signal market reversals. The pinbars themselves are individual candlesticks, although some authorities describe pinbars as the “nose in between the right and left eye”. This signifies that at the bottom of a downtrend, the pinbar is found between a bearish candlestick and a bullish candlestick, and […]
Read Some MoreThe Breakout: What is it and how is it traded?
Breakouts are a very regular occurrence in the forex market, and their occurrence has major implications for the price action of the currency pair and by extension, the trader’s positions in the market. A breakout is defined as a price movement that breaks through an identified level of resistance or support, usually accompanied by heavy […]
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 […]
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 MoreShort Term Range Trading Strategy
We have all heard the saying that “the trend is your friend until it ends”. But what happens when the currency pair has no defined trend? What happens when the currency is range-bound or in consolidation? Is the asset still tradable? Many traders would simply walk out of the market, waiting until the next trend […]
Read Some MoreRetracement Trading Strategy
This strategy was devised by [highlighter color=”yellow-mute” ]Trader Jay[/highlighter] as a way of helping traders overcome a major obstacle encountered when trying to catch the right moment to enter a trade on an asset that is undergoing a pullback or retracement. Retracements are an integral part of trading the Forex markets. Prices do not move in a straight line, […]
Read Some MoreTrading the Carry Trade
The carry trade strategy involves profiting from interest rate differentials in addition to earning from the Forex trade itself. The carry trade strategy aims to make money from the differences in interest rates by taking a long position on a high interest currency while simultaneously selling a low interest currency. Overnight positions on such currency pairs that […]
Read Some MoreTrading with Flags And Pennant Patterns
Today we will discuss some more chart patterns that occur periodically. These two patterns actually occur more regularly than I once thought, so I have decided to include them in here. These two patterns are flags and pennants. The reason why we are discussing flags and pennants together is because they are very similar. the […]
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How to “Engulf” Pips with Engulfing Patterns
I have always asked many traders this question: why chase a market trend that is already far gone and in danger of reversing, when you can simply exercise some patience and catch the reversal using a strategy that has worked wonders so many times in the past? Almost all the time, I am met with […]
Read Some MoreForex Hedge Trade Examples
Today we will focus on four examples of how to use Forex options to hedge spot Forex trades. If you need a refresher take a look at last week’s article here. Hedging is a strategy used by institutional traders to protect against the adverse and unplanned effects of trades on an asset in a given market. Now that we have let […]
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