I feel that there is really no better time frame to find the support and resistance levels. a trader can decide to use whichever timeframe he feels is best to complement his trading style and strategy. while a four hour chart might work well for a...
In foreign exchange (forex), the quote currency, commonly known as the counter currency, is the second currency is both a direct and indirect currency pair and is used to determine the value of the base currency.
MQL stands for meta quote learning. MQL is a high-level object-oriented programming language. Operation speed and flexibility of the language allow you to develop very complex programs with a large number of calculations and accurately manage almost...
Because both sides of the triangle are inclined at the same angle, the name is self-explanatory. The model is neutral and difficult to use. As you can see, the situation is as follows. Values grow at minimums and decrease at maximums. Due to this...
Scalping is for me the best thing that works for me. Although some brokers may frown on you scalping, I believe very good brokers that use ecn or ndd technology should not have an issue with this, aside from those who have nothing to lose.
Practice is the most inmportant factor to acheieve success in forex trading. But most the newbies prefer to traderight away than get bored in trading in demo account. I really do not know why they get bored in demo account but i guss they are...
Bollinger bands measure volatility. They consist of a moving average, and two lines plotted at 2 standard deviations from the central moving average line. These lines form the band. The market is quiet when the band is narrow. The market is loud when...
What are the benefits of upgrading from MT4 to MT5 from a trader's point of view?
MetaTrader Program files have the EX4 extension. This is compiled programming code for MetaTrader, which is a free forex trading program. Scripts and indicators are stored in EX4 format for the MetaTrader software. A MetaTrader Custom Indicator file...