As you’re likely aware, there are a few different methods you can use to analyse the financial markets. One of them is called Technical Analysis (TA), which is the analysis of charts and the associated data surrounding them. Within this broad description there are a number of different ways you can apply TA, which at least partially depend on the chart types that you use. (more…)
Hello Traders, In this very educational video from Damyan attempted to trade a bullish channel swing. He entered a long trade on a bullish bounce from the lower level of the channel. However, the price action broke the channel downward, giving an exit signal. After all, in Forex there are losing trades as well. The […]
Hey guys! We have a new trading video from Damyan, where he shows how to trade a bearish bounce from a resistance level. At the same time, he used a trend ray through the last few bottoms of the price action to set a reasonable target on the chart! We provide this content for you […]
Trading is a very stressful but exciting activity – its constant ups and downs lead to the full spectrum of emotions, from positive ones such as happiness, elation and joy, through to more negative emotions, such as fear, irritation, sadness and even depression. But is it a reason to quit? No! We all have down […]
As FOREX traders, we’ve closely followed the BREXIT issue during the first part of 2016. BREXIT’s effects on the markets (especially on the currency markets) resulted in many trading opportunities! We then shifted our attention to the US election and its impact during the 2nd semester of 2016. Here again, market participants haven’t underestimated the […]
In our last article on Ichimoku, we learned what Ichimoku is. Now, let’s see how we can use it to increase our trading profits and improve our trading decisions.
While putting together your FOREX strategy, you’ll need to find the right trading tools. It’s hard to do so with so many different options available, but the Ichimoku indicator allows any trader to take advantage of a complete trading toolbox with just one indicator. Read more to learn how the Ichimoku indicator works and how to interpret the different lines.
Building a comprehensive trading strategy is not easy, and you need to think it through based on your risk tolerance, trading style and financial situation. Let me give you an insight into 3 Powerful FOREX Strategies you can implement to take your trading to the next level.
If you want to become an active trader, there are basically 2 options: become a day trader, or a swing trader. Both are seeking to take advantage of short-term movements. You can also turn to scalping, which is the most aggressive type of trading. Let’s focus here on Day Trading: its pros and cons and if it’s the trading style that fits you best.
The evolution of commodity prices is generally opposite to the American dollar (USD). Let’s see the reasons behind this relationship and what the main movers for the USD are.