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 […]
Trading is risky. When trading Forex, risk has a name: leverage. The leverage ratio defines the risk based on a predetermined leverage formula. Traders looking for what is margin account in Forex must understand the risk definition of a margin account. Money was always difficult to handle. Lack of it leads to efforts to have […]
Day trading has increased in popularity lately. Because the Forex market is open 24/5, day trading strategies appeal to retail traders. As such, day trading for beginners became possible with little financial resources. But retail traders need to learn a few day trading secrets before becoming profitable. The surge in retail Forex trading has an […]
Price action trading is a form of technical analysis. But, a special one. A price action trading strategy focuses on current price levels derived from previous ones. That’s what differentiates the price action of a currency pair from trading with indicators. Moreover, Forex price action works on all time frames. When it comes to price […]
Traders have always been fascinated by a market’s volume. Various volume trading strategies have appeared and evolved in time. While Forex volume is a tricky concept, Forex volumes indicators do exist. A volume indicator that mt4 traders use is similar to any volume indicator from other markets. When traders focus on volume, they want to […]
