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 […]
Every trader hates the false breakout pattern. However, a whipsaw Forex environment ends up in multiple fakeout moves. Or, false breakout situations. Therefore, a whipsaw on the Forex market is common. Hence, whipsaw trading is a reality for any Forex trader. In Forex trading, and not only, a whipsaw shows levels of increased volatility. And, […]
Traders have different styles, and swing trading is a medium-term trading style. As such, traders that use swing trading strategies do not scalp. Swing trading strategies that work deal with a position for days. And, the best swing trading strategy keeps trades open, even for weeks. Like any trading method, swing trading deals with speculation. […]
This article is about Forex charts and their power. Over time, the best Forex charts changed. Traders use now OHLC bars, a line chart or a candlestick chart. And, it all started with the OHLC. Before going into more details about different types of Forex trading charts, we should understand why they exist in the […]
