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Support and Resistance Lines: Learn How to Read the Charts!

November 26th, 2009

Technical analysis teaches us how to read the language of the markets as we trade Forex online. After we learn how to read it, we may begin to speak it as well, interacting with fellow traders in the vast Forex universe, and profiting from our knowledge. Technical analysis’ tools of translation are the indicators, and price formations that are drawn on price charts. While many of these tools have their critics [...]

Recommended Forex Books

November 9th, 2009

Learning to trade Forex is somewhat easier if you have experience in equities, futures or options markets, but when you are a complete newbie, you’ll need to start from the basics. When learning from start, there are little as useful methods as reading the books. Forex and general trading books are so popular and numerous nowadays that it takes a lot of effort to find those pieces that will [...]

Forex Demo Account

October 9th, 2009

Forex demo account is one of the best learning, practicing, educational, informational and even entertaining tools that every Forex newbie can use for his advantage. Sometimes, beginning currency traders underestimate the usefulness (and I would say, the necessity) of the demo account trading. Demo account can be opened with almost any Forex broker and in 99.9% of cases it’s completely free. On the demo account one can trade Forex with [...]

Forex Problems You Will Face

September 26th, 2009

At some point of their learning curve newbie traders eventually face some of the problems that are intrinsic to the Forex trading industry. So, what are these problems, how to deal with them or even avoid them?
Old Strategies Stop Working. You should be ready to update, tweak and tune your Forex trading strategy if you want to keep it profitable. Market conditions evolve and the old strategies become [...]

Japanese Candlestick Bar Explained

July 27th, 2009

Almost all Forex analysts, mentors and common traders speak in the terms of the Japanese candlestick charts. When they present the example chart, it’s usually comprised of the small candles with weird lines and colors. A person that is not acquainted with the Japanese candlestick bars can be easily confused with such charts. That’s why it’s important to understand this most popular chart data representation. You’ve probably already seen something like this:

On the image you can see a Japanese candlestick chart fragment [...]