Archive for 'Forex Basics'
FOREX Trading Strategies
Posted on29. Mar, 2007 by admin.
The world of trading and investment can be as frustrating as it can be rewarding! And FOREX (Foreign Exchange) is no exception – often described as risky, profitable and complicated.
Forex is the largest trading market in the world.
Forex is the worldwide market for buying and selling currencies. These markets were developed to cater for the [...]
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80 Forex Trading Secrets For Success in Currency Market
Posted on29. Mar, 2007 by admin.
Trading Strategy Number One:
When you are just starting out, strive to carve out 20 pips per session, and that’s it. Then, turn it off, and study some more. When you get really good at it, you can [...]
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Be In Harmony with the Market
Posted on26. Mar, 2007 by admin.
We make money trading when we are in harmony with the market. We are long when the market is going up, and short (or out of) the market when it is going down. If we bring an opinion with us while trading, we will end up fighting the market. We keep trying to go long [...]
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Determining the RSI range
Posted on26. Mar, 2007 by admin.
An up trending market will typically find support at the 40 level, with effective resistance at the 80 level. A down trending market will find resistance at 60, with effective support at the 20 level. Often times a primary indication that the trend has shifted from a bear trend to a possible bull market occurs [...]
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The Bullish Hidden Divergence
Posted on26. Mar, 2007 by admin.
In a bullish hidden divergence, the indicator makes a lower low, but price makes either a higher low or a double-bottom low. This type of nonconfirmation occurs mainly during corrective declines in an uptrend, but it may also be found on occasion at price retests of the lows. Bullish hidden divergence indicate underlying strength in [...]
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Classic divergence
Posted on26. Mar, 2007 by admin.
Classic divergence is one of the best-known types of nonconfirmation. A divergence is a separation between price and indicator that warns of a possible short- to intermediateterm change of trend. A bullish divergence arises during a down move when price makes either a lower low or a double bottom but the indicator makes a higher [...]
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Volatility Makes for Good Short-Term Trading
Posted on22. Mar, 2007 by admin.
The more volatility an individual market has, the better suited it is for short-term trading. To assess which stocks are better day trading vehicles, one way to calculate volatility is simply to divide its price by its average daily range. The lower this number, the more important it is for a trader to hold positions [...]
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An Excellent Way To Determine The Exit Point Strategy
Posted on22. Mar, 2007 by admin.
Most of beginner and sometimes advanced traders spend their time analyzing their entry point to the market and ignore or neglect a very important thing which is the Exit Point.
Sometimes fear and greed play a negative role in the decision of the exit point. For this reason it’s crucial to determine it before entering the [...]
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Economic Data and its Influence on the Financial Markets
Posted on21. Mar, 2007 by admin.
The things which contribute to price levels and action in the financial markets are numerous and diverse, and their influences can vary through time, and across different markets. This article identifies the different types of Economic Data influences and the role they play.
There are two ways economic information can influence prices. The first is in [...]
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Online Forex Trading Pips
Posted on18. Mar, 2007 by admin.
Forex pips are the smallest units of the price of online Forex currencies. Forex currencies are made of five numbers, when the decimal point usually appears after the first number. Finding out about the meaning of Forex pips can help you while trading in the online Forex trading market.
This is apparent for example for the [...]
