Spotting a trend reversal is the dream of every trader. It gives an early entry and offers a competitive advantage against conservative traders. As for reversal patterns, Forex traders have a plethora to choose from. Therefore, they focus on the most powerful reversal patterns and use them with a proper money management system. There are […]
In trading, like in life, simple things work best. Traders that search how to measure volatility use the average daily range for it. The idea is not a bad one. The average daily range represents the purest form of interpreting a market. The Forex dashboard consists of multiple currency pairs. Either a major pair or […]
Forex trading has much to do with trends. To ride them, traders look for trend continuation patterns. To fade them, they ignore continuation patterns and focus on reversal ones. There aren’t many continuation patterns technical analysis provides. But those that exist are enough for the right positioning. Any journey into continuation patterns technical analysis offer […]
When looking at trading on the Forex market, it can be difficult to know where to start. Forex trading for beginners can seem daunting and intimidating. The process of registering with a broker and creating an account can appear complex and offputting. Here we look at AxiTrader, a Forex trading broker designed with the user in […]
One of the best volatility indicators, the average true range indicator helps traders understand the way a currency pair moves. Moreover, the atr formula considers large ranges that accompany strong moves. Any financial product moves in its own way. Stocks move differently than bonds, bond move differently than currency pairs…and so on. Even among currency […]
Every trader has heard of candlesticks. But not all traders have heard of a Heikin Ashi chart. To know how to read Heikin Ashi Candles, one needs to understand the concept first. Most of the traders take today’s technical analysis for granted. They assume it was always like this. In fact, technical analysis has changed. […]
Technical analysis changes continuously. In the past, traders looked at the market’s basic concepts. Today, the personal computer allows using complicated functions. A linear regression channel is such one. A regression channel and channel trading strategies derived from it are statistical functions traders use to forecast prices. Furthermore, technical analysis splits in two. One part […]
One of the oldest principles in technical analysis, the Dow Theory guides traders to this day. For almost a hundred years, the Dow Theory technical analysis principles fascinated traders. Those still wondering what is Dow Theory, will find this article useful for Forex trading too. Traditionally, there are two ways to look at a market. […]
Every business is about understanding people. So is trading. Only that it’s about understanding the market. Long term trading or position trading is a great way to trade. As such, long term trading strategies appeal to many retail traders. When buying or selling a currency pair, traders make an investment. They hope, eventually, to make […]
The MetaTrader4 is the favorite platform for retail traders. What is MetaTrader4 used for? The MetaTrader4 platform allows traders to buy and sell a currency pair and even to build an MT4 robot. Before going into more details regarding the metatrader4, traders should know what is MetaTrader4 needed for. It all starts with the basic […]
