admin on April 27th, 2012
One of the most basic indicators in Forex is the moving average. You’ll probably learn about moving averages before you learn about any other technical indicators. What is a moving average? Think of it as a graphical display of price action over time, smoothed out through a mathematical equation. A moving average shows you the average closing price (you can set it to something else if you prefer) [...]
admin on March 26th, 2012
How many times have you seen Forex traders (new and old) on forums on the internet searching for the “Holy Grail” of Forex—the one tried and true strategy, system or automated trading program which will bring them success time and again—and never fail? And how many times do you see other traders contesting that there is no Forex Holy Grail, and that these traders are just kidding themselves? Well, [...]
admin on March 3rd, 2012
This is a guest blog post provided by http://www.forex-fx-4x.com: The foreign exchange market currency pairs often have a tendency to rebound off significant round numbers. Forex traders aiming to take advantage of the phenomenon have to construct a system based on the order flow connected with these levels. To begin with it ought to be mentioned that the target market won’t change direction whenever it visits a round number, if only [...]
admin on February 9th, 2012
This is a guest blog post provided by http://www.informedtrades.com/: It is common, particularly in the world of active forex trading, to see a bit of a dislike for fundamental analysis — the study of news and economic factors that drive currency rates. Technical analysis, which is more bottom-line oriented as it helps traders identify where buyers and sellers may be positioned and precise entry and exit points for their trade, is increasingly being preferred. [...]
admin on January 21st, 2012
If you’re going to trade Forex and you plan to do so successfully, then some kind of method or system is a must. Systems can vary quite a bit-yours may be mechanical, discretionary, or a combination of each. It may be based in fundamental analysis or technical analysis. Your Forex system will need to have entry and exit rules, though, and also incorporate other comprehensive strategies for success (money management, for example). [...]
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