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