Forex trading

As most technical analysis courses will tell you, there is no “Holy Grail” indicator that can guarantee profits in the forex market. Technical analysis is based on the theory that the markets are chaotic , but at the same time, price action is not completely random. In other words, mathematical Chaos Theory proves that within a state of chaos there are identifiable patterns that tend to repeat. They help to analyse price movements and forecast where the price of a market could move next. While […]

To the Forex trader who uses technical analysis, this signals a potential trade setup as traders begin to exit positions, often leading to a change in market sentiment. Another price pattern similar to the bullish engulfing candle, the piercing line is an indication of a potential short-term reversal from a downward trend to an upward trend.

Usually, values of the Bollinger Bands are two or 2.5 standard deviations from a simple moving average.
Major factors like monetary policy outlook can imp […]

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Suddenly, the trend gets broken in a bearish direction, which creates a short breakout signal. As you see the price starts reversing to the upside shortly afterwards. Chart patterns are specific formations, which are created by the general price action on the chart. Same as the candle patterns, chart patterns are also classified in two types – reversal, and continuatio […]

We will tell you how to do proper technical analysis and show you when to enter the trade and when to exit the trade. We will do this by teaching you how to set the right profit target.
If you were to take a swing trading course right now, I believe the current market conditions would allow any trader to use the proper trading technique to achieve solid results. There are a few things that I think we should consider before getting started. Now,candlestickscould be used as a stand-alone tool, an […]

As shown in this chart, price action traders will often highlight support and resistance zones on the chart where the market has responded to in the past. They will watch for candlestick patterns such as inside bars, pin bars, and more complicated price patterns such as head and shoulders and double/triple bottoms. Swing trading – Type of forex trading strategy when positions could be held for several days. The widely used timeframe for swing trading is 4 Hours or even Daily. Swing traders can […]