1. The Forex Market. The growth of the Forex market has been enormous in recent years, as it cements its status as the most heavily traded financial market in the world. ...
Chartist analysis in forex consists of identifying figures on the price chart; these are usually repeated historically so you can practice identifying them; they are also usually formed in different financial instruments and time periods, and through...
The traditional definition of a motive wave in Elliott Wave Theory is a 5 wave move in the same direction as the trend of one larger degree. A 5 wave move that is considered a motive wave has three variations: impulse wave, impulse with extension,...
This book is also commonly referred to as "On Robustness and Fragility, Deeper Philosophical and Empirical Reflections." This book, written in 2007 by popular finance author Nassim Nicholas, focuses primarily on trading psychology. It explains in...
It is any currency pair other than the US dollar that is considered a cross, and it holds no less profit potential than the majors. When you have too much exposure to the US dollar, all your trades will tend to run in the same direction, which can be...
A PAMM (Percentage Allocated Money Manager) allows investors to allocate funds to account managers, who can then trade from a single master account. The PAMM technique is most often used in forex, which allows investors to earn from trading without...
The engulfing pattern is the best candlestick pattern in Forex trading. This pattern is formed when one color's candle completely engulfs the other color's candle. It is regarded as a very reliable indicator that the trend is about to change. The...
1. Don't hop from one strategy to the next like a monkey. Every strategy has advantages and disadvantages. Choose any strategy and make it work the majority of the time with proper money management and risk-reward ratio. Try to get out of a losing...
An engulfing pattern occurs when a large white candlestick completely engulfs a smaller black candlestick from the previous period. A bullish trend in security is usually signaled by this pattern during a downtrend. An engulfing pattern suggests a...