Posts Tagged ‘Forex trading’

In this video, you will learn about the mistake that many traders do, that is trading before an important news announcement. It is important to use stop-loss for such open positions, otherwise, you will be caught by surprise, with the market making huge moves in either direction. News announcement causes huge volatility in the market. This in turn causes huge price spikes. It will be too […]

In this video, you will learn about gap trading strategy. This is a trading strategy ignored by many traders. Gaps happen more frequently in stock markets compared to the forex market. For example, look at this chart. The market is in a downtrend., as indicated by the moving average indicator. At some point, there is more supply than demand. It means more sellers and few buyers. Then the market drops down to a much […]

In this video, you will learn how to extract useful information from the highs and lows produced by market chaos. In chaos theory, a chaotic motion should not be considered random, but just a higher degree of order. For example, look at this chart. The market looks chaotic. The highs and lows are marked by numbers. You can use these highs and lows to predict future price action. Applying the pitchfork indicator to the chart, […]

In this video, you will learn about reading price action to predict reversals. You may wonder why price reverses at a certain point and beyond human comprehension. The idea behind just prediction for a reversal is to obtain high probability trade entries. You can approach using different ways to predict  price reversals. For example, look at this chart. The highs and lows are marked using numbers from 1 to 5. […]

This video discusses about the mistakes caused by trading during wrong hours. Wrong trading hours means when there is less liquidity faced by markets. Trading during these times of low liquidity affects your trading psychology to lose money. For example, look at this USD/CAD chart. The London session experiences the most volume when compared to other trading sessions, followed by the US session. The Canadian dollar is correlated […]

In this video, you will learn about the importance of determining your goals as a forex trader. You need to set your goals or you will wander through the journey of forex trading in a random and chaotic fashion. Some traders who cannot spend more time with trading seek the help of expert advisors. Only a few of them will talk about realistic profit expectations. Professional traders think about long-term gains […]

The forex market is also called as the currency exchange or forex exchange market. Here one currency is exchanged for the other. You might have exchanged your dollars for euro before boarding your flight to Europe. However, the amount you have exchanged is small. But the forex market is a huge market where trillions are traded every day. It is operating 24 hours a day and 5 days […]

Successful forex traders use Fibonacci retracement tool as part of their trading arsenal. Certain patterns repeat again and again in nature. Similarly, Fibonacci retracements indicate trading sentiments that repeat again and again in the financial markets. You don't need to worry about the formula to use this tool. All that you need to be aware are those retracement levels where you can expect the market to respect a support […]

In this video, you will learn how to spot triangle pattern on your chart, and how to use them in your forex trading. This pattern occurs very frequently in the market and it indicates a temporary state of equilibrium after a trend has started. The support and resistance trend lines converge at some point as buyers and sellers push the price again and again, forming the triangle pattern. An ascending triangle is formed when the resistance line […]

In this video, you will learn about when to enter into a trade in forex. Forex trading is available 24 hours a day. However, it is important to trade forex during certain hours, when it is highly volatile. Successful forex trading is not only about finding a perfect entry signal. Look at this chart. As you can see, the price broke through the uptrend line. Also, […]