What is Technical Analysis?
Technical analysis attempts to forecast future price movements by examining past market data.
Most traders use technical analysis to get a “big picture” on an investment’s price history. Even fundamental traders will glance at a chart to see if they’re buying at a fair price, selling at a cyclical top or [...]
Cashing in on Short-Term Currency Trends
Most of the time, markets don’t show a clear trend – they bounce back and forth between support and resistance levels. This sideways movement is called a trading range. Below is a strategy that can help you identify entry points on short-term trends, while protecting your profits with trailing [...]
Using Technical Indicators
Price charts help traders identify trade-able market trends – while technical indicators help them judge a trend’s strength and sustainability.
If an indicator suggests a reversal, confirm the shift before you act. That might mean waiting for another period to confirm the same indicator’s signal, or checking out another indicator. Patience will help [...]
What is Forex?
“Forex” stands for foreign exchange, also known as FX. Trading Forex is the buying of one currency while simultaneously selling another. Just like if you were going on vacation in another country and you need to have the currency of that country you’re exchanging the sold currency for the one you’re buying. [...]
Understanding Forex Quotes
Reading a foreign exchange quote is simple if you remember two things:
The first currency listed is the base currency
The value of the base currency is always 1.
As the centerpiece of the forex market, the US dollar is usually considered the base currency for quotes. When the base currency is USD, think of the [...]
