Relative Strength Index (RSI) This is an oscillator that was developed by J. Welles Wilder. What the Relative Strength Index (RSI) does is to compare uptrend prices with downtrend prices over a specified period. It also helps to isolate overbought and oversold market conditions. With a scale of 0 to …
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Forex trading technical analysis
Forex trading Technical analysis Technical analysis is grounded in the notion that price data alone is all that is needed to forecast future price movements. While simple, in theory, technical analysis is extremely complex in practice. There are dozens of basic technical trading strategies, incorporating hundreds of tools and …
Read More »Types of Forex Trading Orders
Types of Forex Trading Orders in the Forex market, there are several types of orders that can be executed by a trader when making a Forex trade. For an individual to be a successful Forex trader, it is essential to have a clear understanding of each type of order used. …
Read More »Best breakout trading strategy Make every trade profit
WHAT IS A BREAKOUT TRADE? The breakout strategy involves two phases. The first phase involves waiting for the market to consolidate. A consolidated market becomes very choppy and directionless, the trader waits and watches the market. The breakout trader is a patient trader. This strategy is largely based on …
Read More »Retail brokers and retail traders
Retail Brokers and Retail Traders As forex becomes increasingly mainstream, more amateur and professional investors are rushing to join in. Households and small non-bank institutions now account for an estimated $300 billion in global forex volume, representing close to 10% of overall volume and market growth of 400% from 2007! …
Read More »Line Chart Is Your Friend l how to trade with trend Strategy
Chart Is Your Friend-How to trade with looking chart Marking the zones on your chart is as simple as drawing a line on the chart. However, if you have not looked at charts in terms of support and resistance zones before, it may be a bit difficult to find precisely …
Read More »Simple moving average formula
simple moving average trading strategy Moving averages are simply a method to help smooth out price fluctuations plotted on a chart. Like all technical indicators, moving averages serve the same basic function, which is to help us predict the movements of price in the future. By observing the movements and …
Read More »What is Pivot Point
Pivot Points pivot point trading One of the most useful tools of a Forex trader’s arsenal of tools is the Pivot Point calculator. This is one of the most frequently used triggers for trading strategies. In short, Pivot points are points where the market is expected to reverse. If the …
Read More »Top best forex brokers quality-Must need to know
How To know Forex brokers quality ? Quotes on currency pairs should be guaranteed, as well as the fills on your stop-loss and limit orders. This is usually expressed as a “no slippage” policy, where the price offered should be the same as that at which your market or …
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