Line charts are some the least used charts in all of trading. Though line charts are incredibly simple to read and understand, often they do not show enough data to make intelligible decisions. Though the use of these charts is not at all recommended, I will explain what they are and how they work so [...] Read more »
Bar Charts and OHLC Charts
Bar charts and OHLC charts are one step up from line charts, in that they offer more data about the price changes that happen during the bar, not just one point in time. Bar charts and OHLC are excellent, but are still one step lower than candlestick charts, which show all relevant data in graphical [...] Read more »
Candlestick Charts
Candlestick charts are the most popularly used charts of all forex charts. Candlesticks offer all the data of bar (OHLC) charts, all in an easy to read and graphical dataset. After learning the basics of candlestick charts, you’ll be able to decipher data faster and make decisions quicker, a valuable skill in the world of [...] Read more »
Fundamental And Technical Analysis Forex Trading
There are two different ways to study the foreign exchange market. The first of which, is fundamental analysis which relies on studying the impacts of the world economy on exchange rates. The second of which is technical analysis, which employs studying charts to make profits. There is no right or wrong way to trade There [...] Read more »
Forex And Fundamental Analysis
Fundamental analysis utilizes data points such as Gross Domestic Product, trade balance, and actions by central banks to decide how a currency will perform. Fundamental analysis is essentially doing all the math and fact finding to see how the market should value a currency, then buying or selling to await the market’s movement in your [...] Read more »
Forex Technical Analysis
Technical analysis is very much different from fundamental analysis in that a technical analyst assumes that the price shows all known information about a currency pair. For the most part, forex technical analysts study charts rather than economic indicators to find the best entry and exit prices. How Technical Analysis Works Technical analysts use indicators [...] Read more »
Why FAP Turbo and Other Products Are a Downright Scam
The foreign exchange market has gone a long way from its humble roots some 30 years ago. Today’s traders are using the best technology, the best trading tools, and high speed internet connections to battle in the world’s largest market. Some trading tools offered today are excellent, they provide true value to the user and [...] Read more »
How to draw a trendline
Trend following is reputed to be one of the most profitable forex trading strategies. The success and potential of this style has been confirmed and popularized by the exploits of traders of legendary status, such as Ed Seykota, Richard Dennis, and Richard Donchian in the 80’s, and the passing years since then have only reinforced [...] Read more »
Forex Stop Loss and Take Profit
Arguably, the stop loss and take profit orders are the two most important order types for foreign exchange traders. The two orders are essentially orders on top of another order. The stop loss allows you to determine at what price you want to cut your losing trades and the take profit allows you to enter [...] Read more »
Types of Forex Market Orders: Market and Limit
Now that we know what goes into a trade, we need to also know how to enter the trade to a broker. There are two main types of orders to buy currency, the first of which is a market order, the second is a limit order. Market Orders A market order is an order at [...] Read more »
