Some of the first technical indicators or trading tools in general that new traders encounter are moving averages, and there is a simple explanation for this: MAs are extremely powerful. Moving averages can be used in a variety of setups, from trend-following to counter-trend trading, and can be effectively combined with other technical indicators if … Read more
Do you use moving averages in your trading? Do you have a trading strategy that is based on simple moving averages (SMAs) or exponential moving averages (EMAs) but feels that your performance could be better if the MAs were faster and more precise?Fortunately, there are other moving averages besides the super-popular SMAs and EMAs. Each … Read more
When it comes to analyzing the forex market, traders have a few types of analysis at disposal. The most common ways to analyze the market include fundamental analysis, technical analysis, and sentiment analysis, and each of them has their specific advantages and drawbacks which every forex trader needs to be aware of. As a brief … Read more
Many new traders to the forex market start experimenting with various forex indicators in their beginnings, making their trading platform look like a Christmas tree. However, I can’t blame them as I’ve started trading the same way. My charts were cluttered with technical indicators, and I could barely see the price chart itself. I was … Read more
Introduction to Trading Styles, Psychology and Strategies in Forex Trading Picking the right and best forex strategy is crucial for successful and comfortable trading. By comfortable, I mean that the trading strategy you choose has to accommodate your personal trading style, your preferences, mindset and available time to trade the markets. There is a big … Read more
HeiKin Ashi (HeiKin – “average”, Ashi – “rhythm”) is a popular way of price representation that resembles the Japanese candlestick charts. Unlike line charts, HeiKin Ashi candles do have open, high, low and close prices, and the open and close price is represented by a solid body just like in Japanese candlestick charts. OHLC prices … Read more
Just like in any business, you must have a forex trading system to trade the forex markets. Without planning daily activities, such as writing down your grocery list or planning your gym session, you’ll have no idea of what to do next which leads to lower results than expected. The same applies to trading. If … Read more
What is the VWAP Indicator? The VWAP indicator, or Volume-Weighted Average Price, is the average price of a stock over a number of periods divided by the total trading volume for the current day. The indicator starts to calculate with the opening of the trading session, and ends its calculation with the closing of the … Read more
About forex trend trading,you’ve probably already heard the expression “the trend is your friend.” This phrase is especially true in the forex market, as currency pairs have a great tendency to trend. This is why one of the most important goals for forex traders is to be able to identify trends, the stage of the … Read more
Japanese candlestick patterns are a form of technical analysis, which can easily be combined by a number of other technical tools to improve the market analysis of any financial instrument. They have been introduced to the West by Steve Nison, who is internationally considered the father of candlestick trading in the Western world. His two … Read more