In this blog post, we will examine the triangle patterns and how traders can benefit from this chart pattern. There are three types of triangle patterns: a) Ascending triangles b) Symmetrical triangles c) Descending triangles Whatever the type of triangle pattern seen on the charts, they all share certain characteristics which are outlined below. – […]
Read Some MoreToday, we will take time to examine the rule established by the Commodities and Futures Trading Commission (CFTC) on leverage and margin requirements for individual forex accounts in the US. The concept of margin and leverage is one that is not well understood by the majority of the trading public. Lack of understanding on the […]
Read Some MoreIn today’s article, we will discuss a forex trading strategy that is quite simple to follow. In spite of it’s simplicity, it stands out as one of a few trading strategies that can deliver profits over the long term. In a nutshell, it is an intraday strategy which aims to pick a few pips with clear-cut […]
Read Some MoreOne of the first pieces of advice given to novice traders is trade with the trend. The problem is most newcomers to forex can’t even tell where the trend is, so it is pointless to ask them to trade it. In this new series of articles we’ll look at 3 different ways to identify trending […]
Read Some MoreIn my last article I wrote about the different ways to use a moving average, click here to read more about it. This is part 2 of that series, focusing on another non-traditional use for the MA. Use Number 3 – Using Moving Averages as Support and Resistance Levels A popular use of Moving Averages […]
Read Some MoreEveryone interested in trading has probably used or at least tried a Moving Average at some point in their trading career. But most only apply the Moving Average (MA) in the conventional sense, as a trend trading tool. However the MA can be used in other ways too and we’ll look at the different ways […]
Read Some MoreThe last 2 weeks we focused on finding divergence signals on the MACD, you can read about it here Part 1 and here Part2. But divergence can show up on other indicators too and we’ll go over some of them here. Let’s start with the Relative Strength Index (RSI). We’ll use the most common and […]
Read Some MoreIn this concluding piece on fundamental analysis, we will look at the elements of an actual trade. Fundamental Analysis: What, When and How to Trade The news releases that constitute “what to trade” in fundamental analysis are all contained in a calendar format for a full year. This is known as the Economic News Calendar. […]
Read Some MoreThis article is written to give retail traders who are new to the market an understanding of some of the issues involved in the pricing of currencies in the forex market. At the end of this article, you should be able to answer the following questions: a) How are price quotes on a forex trading […]
Read Some MoreIn the first part of this article, we answered two of the six questions presented around the pricing of currencies in the forex market. Now we know how the price quotes displayed on the forex trading platforms are derived. We have also been able to determine that the liquidity providers (banks) set prices in an […]
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