The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein. Symbolized by "CHF" or "Fr", it is one of the world's major reserve currencies and is widely traded in the foreign exchange markets. The Franc is subdivided into 100...
Both novice and experienced traders are familiar with the term. You may be familiar with the term "trading psychology", but you don't quite understand its meaning or implications. There are many different definitions and some of them subscribe to the...
A foreign exchange spot contract is one in which the trader commits to purchase or sell the currency at the current market price. A spot currency transaction might be going to a local bank and exchanging some British pounds for US dollars before...
The Master Candle strategy is a forex trading approach that focuses on identifying a large candlestick, known as the Master Candle, followed by several smaller candles that remain within its high and low range. This formation suggests a period of...
When the RSI exceeds 70 and falls below 30, the market is said to be overbought, and vice versa. These conventional levels can also be changed to better suit security if necessary. For example, if security is consistently approaching the overbought...
Universal currency converter is a system or program which allows the user to perform quick conversion of currencies at current exchange rates. A universal currency converter will take the value of one type of currency and determine the value when...
A candlestick filter using total range is a price-action technique that evaluates the overall movement of a candle before accepting its trading signal. Total range is calculated by subtracting the candle’s lowest price from its highest price....
Many people wonder, "How do I profit from trading?" You do not have to succeed in the currency market as you have in the stock market. The forex market constantly requires hard work, since it is open 24 hours a day. By simply sitting in front of your...
A Bearish Mat Hold candlestick pattern is a rare but strong continuation pattern that signals the continuation of a downtrend in forex trading. It typically forms during a well-established bearish trend and indicates that sellers still have control,...
A bearish sell trap is a situation in financial markets where traders are led to believe that an asset is about to continue falling, but the price unexpectedly reverses upward. It is often associated with a false breakdown below an important support...