When such events affect the value of a currency, the currency value can often tend to trend in a particular direction for a period of time. Analysis of historical forex market action in light of current market conditions (known as technical analysis), possibly combined with consideration of ...
It helps you follow the trending markets, because it keeps you wait for a longer time, and then it lets you in when you are at the beginning of a strong trend. Why Using an Economic Calendar is Important? Point and Figure Charts
Indicators that reflect the volatility and strength of the trend. Working with the MetaTrader trading platform, you can simultaneously use one or more indicators already built into it and add to it your own ones created by you or other traders. Some Forex Trading Recommendations It is not enough...
Currencies are always traded in pairs, such as EUR/USD (Euro/US Dollar) or GBP/JPY (British Pound/Japanese Yen). The value of one currency is determined in relation to another currency, and traders speculate on whether the exchange rate will rise or fall. The terms “Forex” and “FX”...
perhaps, somemoving averagesthat may help to determine dynamicresistance and support areas, along with trend direction as well. In this article, we will take a closer look at price action and what it represents in Forex, and we will explain the basic rules and approaches of price action trad...
IFCM Trading Academy 4 simple steps to learn trading Forex Trading Books Forex & CFD Trading Tutorials Library Forex & CFD Video Tutorials Video Tutorials for Beginners and for working with Trading Platforms (MT4, MT5, NTTX) Trader's Glossary ...
The forex programmatic trading system means that the designer will systematize the trading strategy after calculating the logic and parameters of the trading strategy in the computer program. When the trend is established, the system sends out long and short signals to lock the price and volume pat...
You can open charts in different time frames to have a better understanding of the trend of the market, you can add indicators to perform technical analysis.With MetaTrader 4, you can subscribe to trading signals in order to trade what other traders are trading in automatic mode....
Hello, guys! I'm new to Forex and I would like to ask you a question, if possible. What is DrawDown
To "fade" a breakout is to bet against the prevailing trend. This strategy could be used when you don't expect the currency price to break successfully past a resistance level or a support level. In other words, you expect that the currency price will bounce off the resistance to go lowe...