The Fundamentals of Forex

Trading Leverage: How to Use it effectively in Forex Trading

July 15, 2016 0

A trading leverage attracts many people to try forex trading. It enables a trader to buy and sell currencies more than their trading capital and amass huge profits. However, trading leverage could also bring massive losses when traders make the wrong decisions. Based on a study of 13 million traders, it has been found that the relationship between effective leverage and profitability is negative. It means that the higher the […]

After the Brexit, the Fall

June 29, 2016 0

Maybe you’ve heard lots of comments and questions about something called Brexit in the past few months, and maybe you’ve been wondering what it might mean: well, it all went down on June 23, 2016, and that phrase is actually being used in deadly earnest. On June 23, voters in the United Kingdom and in the British Overseas Territory of Gibraltar cast their votes in the United Kingdom European Union […]

The Importance of Patience in Forex Trading

June 27, 2016 0

The foreign exchange market, which is also known as FX or currency market, is a global market for the trading of different currencies. It facilitates buying, selling and exchange of foreign currencies around the world. It is considered to be the largest financial market worldwide. Participants are central banks, local banks, commercial companies, investment firms, hedge funds, forex brokers and investors. Foreign exchange trading involves in-depth understanding of business trends, […]

Trading : The 7 Step Process

June 4, 2016 0

Trading is an exciting venture, and if you play your cards right, it could very easily land you a tidy profit. However, it is just as easy to trip yourself up, especially if you are new to trading. In order to keep yourself on track, always keep this 7-step process in mind. The first two steps will help you decide what to trade; the next three are all about when […]

An Introduction to Foreign Exchange Currencies

June 4, 2016 0

According to the results of the Bank for International Settlements’ (BIS) Triennial Central Bank Survey for 2013, the foreign exchange currency market averages a daily trading volume of $5.35 trillion as of April of that year. With this amount, it remains to be the market representing the most actively traded and largest asset class globally. Central banks, governments, multinational corporations, and other major institutional investors are responsible for most of […]

Technical Analysis

How to Trade in Forex Using the Double Top and Double Bottom Patterns

July 14, 2016 0

The double top and double bottom are the two most common chart patterns in foreign exchange (forex) trading. As their names suggest, the patterns reflect extreme price action. Both patterns show up often, though temporarily; even so, they prove that price action could be predictable and not totally random like what many intellectuals claim. Experienced traders and dealers take advantage of double top and double bottom patterns as proven by […]

How Fibonacci Numbers Can Be Used in Forex Trading

July 11, 2016 0

Contrary to popular belief, the Fibonacci sequence can be applied in real life. In the world of marketing and technical analysis, Fibonacci numbers are popular among traders because they’re useful in determining the future success and corrective trends of the market, specifically price swings. Knowing the right time to take a position involves knowing when trading prices between two currencies would rise or fall. Fibonacci numbers are reliable in determining […]

Understanding The Bollinger Squeeze : How to Profit from the Technical Indicator

June 27, 2016 0

Many charting applications feature The Bollinger Bands as one of its reliable technical indicators. John Bollinger’s invention is known to raise traders’ odds in the foreign exchange market. In fact, some traders turn to it as the lone trading tool. In the quest of winning big, they prefer to let The Bollinger Bands do their magic. Moreover, when it comes to using The Bollinger Bands, there is this strategy called The Bollinger […]

BREXIT and It’s Impact On Currencies

June 20, 2016 0

‘Brexit’ remains the main theme in the Forex market, with the GBP/USD pair opening with a noteworthy gap on Monday, surging to 1.4600 handle after the most recent opinion polls on the UK-EU referendum, released over the weekend, showed a dramatic shift in favor of the ‘Remain” camp. The shared currency also jumped on bolstered risk appetite, with the EUR/USD pair extending its recovery further towards 1.1400 handle. Last week, […]

Top 4 Technical Indicators in Trend Trading

June 5, 2016 0

As the name suggests, in Trend Trading, the most important factor that traders pay attention to is the market trend. With the help of certain technical indicators, they attempt to analyze and interpret the data so that they can make use of it in such a way that they can make decisions that carry with them minimal risks and maximum chance for profit. There are several indicators that are used […]

Trading Strategy

Ultimate Oscillator MT4 Indicator

June 6, 2016 0

The Ultimate Oscillator MT4 Indicator is not a very common oscillator, yet it can effectively be used to determine overbought and oversold levels on the chart, as well as to detect divergence. For calculation, the ultimate oscillator uses three time segments with different periods, for example: 7, 14 and 28 (the default setting). The value of the selected periods depends on the volatility of the currency pair, the selected timeframe […]

Real MACD MT4 Indicator

June 6, 2016 0

In this strategy, we will cover in details on a the custom indicator – Real MACD MT4 Indicator which is based on the original MACD Indicator. The particular thing about the Real MACD MT4 Indicator is that it is more volatile than the common MACD and has 2 lines besides its histogram, rather than a signal line as for the standard MACD. It is a great tool to find the entry […]

Renko Charts Trading Strategy

June 6, 2016 0

Renko Charts Trading Strategy is one of the many different chart types that are available to plot the price action. Other chart types include line chart, OHLC bar chart, candlestick chart, point and figure to name a few. The uniqueness of Renko charts however is the fact that it is purely price based and does not factor in time, as with the more commonly used chart types (Line, Bar, Candlestick […]

True Range Envelope MT4 Indicator

June 5, 2016 0

The True Range Envelope MT4 Indicator uses three bands that can be likened to the Bollinger bands, to identify areas of support and resistance in price action. However, we will combine the use of trend lines to further strengthen the support and resistance areas to provide basis for reversal trades. True Range Envelope MT4 Indicator Strategy and Trading Rules The True Range Envelopes MT4 indicator consists of three bands: upper, […]

The Gartley Patterns

June 5, 2016 0

The Gartley Patterns MT4 Indicator is a trading strategy for the forex market which is based on Fibonacci retracement numbers as described by H. M. Gartley in his 1935 book, Trading Chaos. This is a reversal trading strategy because the direction of the asset traded is in the opposite direction to the original trend. Two versions of the Gartley patterns exist: The “W” version which is the bearish version. This […]