Posts Tagged ‘Forex trading’

In this video, you will learn about the different order types in forex trading. The various order types in forex trading are market buy order, market sell order, buy limit order, sell limit order, buy stop order, and sell stop order. Most traders should be familiar with the market buy and sell orders. They may find it a bit confusing to understand about the limit orders. […]

In this video, you will learn about some basic trading terminology in forex trading. For example, when you look on your MetaTrader platform, prices are quoted by your broker in 5 digits. For example, consider the exchange rate of EUR/USD as 1.1203. Here, the fourth digit after the decimal point, represents the pip value. The fifth decimal place represents a point. Spread is the difference between the bid price and the ask price offered […]

Most investors believe that the investing and speculating are the same. It is because you have to speculate when you want to invest your money. However, there are differences that exist between investing and speculating. One difference is how aggressive you are as a trader. The more aggressive you become, then you become a speculator. So, who are investors? Investors are traders looking for long-term gains […]

In this video, you will learn about the three tips for selecting the best trading courses on the internet. It is important that you choose the best trading course, because most of them are deceiving. Tip 1: The best trading courses will cover all aspects of the financial world, not only about trading systems. It is important that you understand the underlying mechanisms of the market like supply and demand. […]

In this video, you will learn about how to trade using news events that have high impact on the forex market. You will learn how the non-farm payroll report and the unemployment report from the US impact the EUR/USD pair. These reports are released on every first Friday of the month. For example, look at the EUR/USD 5-min chart. After the release of these reports, as you can see on the chart, the market made an explosive […]

In this video, you will learn about the Tweezer tops and bottoms candlestick patterns. Look at the GBP/USD 4-hour chart. Initially, the market is in an uptrend. As you can see, the Tweezer top pattern is formed at the end of this uptrend. This is a 2-candlestick pattern. The first candlestick is a bullish candlestick. The second candlestick is a bearish candlestick opening below the high of the first candlestick. It closes below the low of the first candlestick. […]

In this video, you will learn about three white soldiers candlestick pattern. This is a bullish reversal pattern. You locate this pattern at the end of a downtrend. Looking at this pattern, it consists of three long bullish candlesticks, as you can see on the chart. Each candlestick opens above the open price of the previous candlestick. Initially, the market is in a downtrend. After the occurrence of this pattern, you can see that […]

In this video, you will learn how to trade using the spinning top candlestick pattern. It is quite easy to spot on the chart. It is similar to a doji candlestick. This candlestick represents indecision in the market. This candlestick pattern consists of long upper wick, long lower wick, and a small body. If you find the spinning top on the top of the uptrend, it indicates a possible reversal to the downside. For example, look at this […]

As forex traders, you may be looking for a successful trading strategy. Strategies that seem to work successfully will start falling over time. However, However, it is pointless trying to fix the flaws of the strategy by exploring about its mathematical or technical aspects. Some strategies will fail over time, even if you apply them correctly under all circumstances. Some strategies act in the opposite way by telling […]

In this video, you will learn a simple trend following strategy. You need to be able to identify an existing trend. For example, look at this 4-hour EUR/USD chart. Initially, the price is in an uptrend. Then the market makes a double top pattern and goes into consolidation forming a symmetric triangle. Then the market breaks to the downside. Now, the price is in a downtrend as confirmed by these moving averages. So, you can take a short […]