Posts Tagged ‘Forex video’

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How to Find Key Support and Resistance Zone Area — Very Easy Tutorial

How to Use Forex Trading Bullish Engulfing Pattern — Easy Tutorial

The bullish engulfing pattern comprises of  Two candles (black then white). Occurs at bottom of a downtrend. Second candle has to engulf the first candle (body only). Now, in terms of our example, we can see that the market has a downtrend happening right here. So, the actual size of the downtrend is not really relevant. But what is relevant is the fact that it is a downtrend. So, we […]

How to Use Forex Trading Bearish Engulfing Pattern — Easy Tutorial

In this video, we will discuss the opposite of the bullish engulfing pattern, the bearish engulfing pattern. This pattern comprises of Tow candles (white then black). Occurs on top of an uptrend. Second candle has to engulf the first candle (body only). Now, in terms of our example, you can see that we have an uptrend here in the market. The appearance of this white candle that you can see here suggests, […]

How to Use Dark Cloud Cover Pattern — Forex Trading

In this video, we will focus on the dark cloud cover pattern, which is the opposite of the piercing pattern. So, in terms of its definition, this pattern is a reversal pattern. It consists of two candles (white and black) Occurs at top of a uptrend. Black candle has to open at or above the white candle's close and close more than half way into the white candle's body. Let's look at an example. What we have […]

Explaining Forex Trading for Beginners

The foreign exchange market is worth over 5 trillion dollars. Don't you want a slice of it. In a world where banks, dealers, and brokers buy, sell, and exchange currencies in a given period, discover the laws regulating fluctuations between currencies. You must keep track of an enormous amount of data, but what about the past. Once upon a time where banks were the kingdom of trading, but in 1996, everything changed. Forex […]

What Is Forex Trading? — Foreign Exchange Market

In order to make money in the forex market, you have to buy low and sell high. Let's have a look at the example. How much can you theoretically make in trading currencies? Assume you have $1,000 in your trading account. Lets' say the EUR/USD exchange rate is 1.25. You forecast that the euro will rise versus the dollar. Based on this forecast, you buy 800 euros for your $1,000. Your […]

Traders Remain Cautious Ahead of Fed Meeting Results

The US traders started the work on the back of positive news. The ADP report gave hope to investors that the Federal Reserve will adopt more decisive approach to normalization of the monetary policy. The latest data showed that the employment in the private sector rose to 219,000 people in July. The result exceeded expectations. It hit the 5-year high which is quite a positive sign for US dollar buyers. The upbeat news provided support to the American currency. […]

Forex — Pivot Points Explained

Pivot points are technical indicators that help you determine potential support and resistance areas. But unlike Fibonacci, it uses set calculations of previous day's high, low, and closing prices to plot these levels. They are much more objective. This indicator is especially useful for day traders. One of the ways of using pivot points is to enter the market in the direction of the breakout. Take a look here. As the price […]

FOREX Trend Strategy

In this video, we will go through a forex trend trading strategy. The idea behind this strategy is to ride the trend to profit. It is a popular phrase, the trend is your friend. So, basically as a trader, it is best to trade the trend than to trade against it. The idea behind this strategy is to enter a trade on the retracement. Let's look at the indicators needed. 200 EMA Fibonacci indicator Stochastic […]

Forex — Leverage Explained

Leverage allows a trader to control a larger position than what they have as equity in their trading account. Leverage is most commonly used in real estate transactions through the use of mortgages to purchase a home. For instance, Sally wants to purchase a home worth $500,000. She only has $50,000 and has only the 10% capital required to purchase this home at this stage. She will need to go to the bank and borrow the remaining […]