Blog article provided by brokertested.com Are you new to forex day trading? If so, you are likely making some common mistakes that could be costing you money. In this article, we will have a look at 10 of the most common mistakes made by day traders. Knowing them you will reduce them and the amount […]
Read More.....
Blog article provided by brokertested.com Forex trading is one of the most lucrative financial markets in existence. However, it’s also complex and daunting to enter without knowing what you’re getting into – there are so many things that need understanding before making any decisions. If you are looking for an easy way into this market, […]
Read More.....
Blog article provided by brokertested.com It is no news to anyone that the most liquid financial market in the world – Forex is open 24 hours a day (excepting weekends). This means that anyone with an internet connection has the opportunity to trade currency pairs no matter where they are located in the world. We […]
Read More.....
So far, we have explained the trend technical indicators, Moving Average Convergence Divergence (MACD), Moving Averages, Bollinger Bands, Ichimoku Kinko Hyo, and Relative Strength Index (RSI). By now, you have learned how to use those indicators for any or all of their commonly-cited purposes: to determine market trends, potential reversals, and also to find out […]
Read More.....
Our last four blogs have been about trend technical indicators. We have discussed Moving Average Convergence Divergence (MACD), Moving Averages, Bollinger Bands, and Ichimoku Kinko Hyo. You have learned how to use those indicators to build working trend-based Forex trading strategies. However, you must note that trend trading, as a method, is multifaceted. There are […]
Read More.....
We have been discussing trend technical indicators. So far, we have talked about Moving Average Convergence Divergence (MACD), Moving Averages, and Bollinger Bands. You have learned the basics of those, and by now, you can easily deploy them in your trading. With them, you can detect when the market is either oversold or overbought. Based […]
Read More.....
In our last post, we discussed Moving Averages, the second on our list of trend technical indicators. You learned about their different types: Simple, Exponential, Smoothed, and Linear Smoothed. I hope that you were impressed by the different ways in which the technical indicator can be used. In this post, we will be discussing Bollinger […]
Read More.....
In our previous post, you were introduced to the different types of technical indicators – trend, momentum, volume, and volatility. We started trend indicators with a discussion of Moving Average Divergence Convergence (MACD). Now, you should be able to apply it in your trading. Technical indicators are important. In fact, your knowledge of Forex analysis […]
Read More.....
Now, you have learned the different types of Japanese candlestick patterns — from basic and single to dual and triple. You have also learned how to combine them with other chart patterns, support and resistance, to make high-quality trading decisions. However, there is one more technical analysis tool that you should also learn to use. […]
Read More.....
The Japanese candlestick patterns have four main types: basic, single, double, and triple. It is very important that you know the different structural features that characterise each of the patterns. It is only when you do that you will be able to recognise them on charts and then take appropriate trading decisions with them. With […]
Read More.....
This is the third installment in our sequence of posts that are aimed at enabling you to adequately understand and thoroughly get used to the different types of Japanese candlestick patterns. So far, we have comprehensively revised basic and single types. With your knowledge of them, you should already be able to anticipate potential market […]
Read More.....
In the last post, we summarised the anatomy of Japanese candlestick patterns. We also provided a review of the basic candlestick patterns which you can use to predict when the market will continue either in its direction or reverse from it. Indeed, Japanese candlestick patterns are a very important guide in Forex trading. Here, we […]
Read More.....
So, far, in the previous posts, we have talked extensively about the importance of candlestick patterns in Forex trading. The Japanese candlestick chart, as earlier pointed out, is arguably the most useful tool in the toolbox of any Forex trader. In fact, most Forex trading strategies are based on it. Hence, the need for this […]
Read More.....
At this point, you should have a sound grasp of the different candlestick patterns – from the basic and single candlestick patterns to the dual and triple ones. Essentially, you have learned how the basic and single patterns can be used to predict potential market reversals. If you want to succeed as a Forex trader, […]
Read More.....
In our previous post in which we discussed Dual Candlestick Patterns, we introduced the concept of market momentum. We noted how it is the primary factor that determines if and when the market will continue on its chosen course or reverse from it. Knowing the momentum of the market, at any time, is like knowing […]
Read More.....
Single candlestick patterns are useful, and it may appear that it is possible to detect potential trend reversals with a single candle stick. However, in reality the confirmation of trend reversals requires more validation beyond the single candlestick patterns. Single candlestick patterns do present many great opportunities but sometimes they are not the most effective […]
Read More.....
In our previous post, we discussed basic candlestick patterns. By now, you should be able to identify them, the Spinning Tops, Marubozu, and Doji if you see them in charts. Beyond identification, you should also be able to discern what each means so that you can take smart decisions with them in the course of […]
Read More.....
From our previous blog posts, you should not be able to approach the Forex Market using fundamental analysis. However, that is not enough. In fact, many traders consider fundamental analysis to be a little bit dreary. So, they do not use it. Instead, they adhere strictly to Technical Analysis in approaching the market and making […]
Read More.....
Introduction Balance of Trade and Political Stability are two other critical factors you should watch. The two also determine the extent to which currencies are supplied and demanded, and subsequently their relative values. Here, we will be discussing them and how you can be getting reliable information on all of them. Balance of Trade The […]
Read More.....
In our previous post, we discussed how you can approach the Forex market. There, we introduced Fundamental Forex Analysis and Technical Forex Analysis. We understand that your interest has already been piqued. As a result, here, we will be delving into Fundamental Analysis and how you can use it to approach the Forex Market. After […]
Read More.....
IntroductionThe Forex market can be tricky. At first, you might think you’ve really got it only for a chain of losing trades to prove you wrong. Hence, it is no surprise that so many lose. Apart from the lack of understanding of its basics, another reason for this is poor approach. Interestingly, the latter can […]
Read More.....
IntroductionIn our last three posts, we discussed the basics of Forex Trading. At this stage, you might already be feeling like a Forex basics god. However, wait. We are not done. You also need to be fluent with the terminology associated with trade placement. Here, you will find out. To Long or To Short? Forex […]
Read More.....
Introduction We have covered a number of key topics already in our blog but there probably still more questions you want to ask. Like, how do Forex brokers make money, or are they offering a free service? You may also want to know more about price, the bid and ask price, and how your profits […]
Read More.....
Introduction As we pointed out in the last post, the Forex market offers abundant opportunities for retail traders. At 1000pip Builder, we are a living testament to that. With just 2 to 7 trades per day and by concentrating on the major currency pairs, we aim for 350 pips a month. We wish that every […]
Read More.....
Introduction You have been introduced to the Forex market in our last blog post. Now, you know how huge it is and what is traded. I expect that you are already excited about the prospect it holds. Indeed, the Forex market is full of opportunities for virtually everyone, irrespective of background. However, the fact is […]
Read More.....
What is Forex? Foreign exchange trading, or Forex trading for short, is the buying and selling of currencies. This all happens in the global Forex market which is the largest of its kind in the world, with a turnover of over $5 trillion every day. Beyond the retail trading of currencies, Forex trading is an […]
Read More.....