The most common yet less prominent form Technical Forex Analysis is the Trend Lines Analysis. Investors usually do not pay much attention to this analysis. Despite the fact that these lines are very easy to draw and effectively help to analyze the price movement of the currency. Still trend lines are underutilized as compared to other forms of technical forex analysis. Significance: If you draw it efficiently and …
Support and Resistance hold great significance in FOREX Trading. Different traders and investors use different indicators to identify the Support and Resistance points. Basically Pivot point and the indicating support and resistance points reflect the future movement of the price of the currency. The acronyms and symbols used for pivot points is ‘PP’ in FOREX charts. Similarly ‘S’ stands for Support and ‘R’ means Resistance in FOREX charts. …
Japanese Candlesticks and its Types: Japanese candlesticks reflect the market conditions of a certain currency in forex trading. It can show the continuation of the price movement in a certain direction. Similarly it can expose the reversal of the price movement in coming future as well. High point: High point is the top most level of the upper shadow. The upper shadows reflect the high time or session …
Read moreTypes of Japanese Candlestick and How to use in Trading
Foundations of Japanese Candlestick: Japanese Candlestick holds a great significance in Forex trade. Traders and investors all over the world prefer Japanese Candlesticks nowadays. They prefer it because of worthiness. Let’s have a look at its foundation and basic information. Beginning: During the 18th century, Japanese devised this effective form of technical analysis for the measurement and analysis of their international trade of crops particularly Rice. As most …
There is a myth about forex traders that they just multiply money by doing nothing. Well it is definitely a myth. Like all other earning professions, Forex Trading is a serious source of income which requires certain characteristics to be prosperous in this field. Keen observation, patient personality and better judging abilities are the three most important characteristics of a successful forex trader. Forex traders use different methods …
Read moreWhat is Technical Analysis? How to use it to predict?
The world is changing and making progress with every passing minute. Same is the case with Forex. In the ever-changing world of Forex Trading, only active and keen observer traders can survive. Constant fluctuation is the most prominent feature of Forex Trade. Dealing with these fluctuations is Forex trading. When you start a new business or you tend to invest your money in any project, you do not …
Read moreWhat is Fundamental Analysis? How to Use it in Forex Trading?
The peak points of Forex are the ‘Bounce’ and ‘Break’. If you can handle the trade efficiently at these points then the heaps of profit are waiting for you in the critical game of Forex. Bounce: If you want to efficiently deal with bounce then you need to have some confirmation that the resistance or support point will manage to hold. So let the value of the currency …
Forex is a pure financial market that is being traded globally with the greatest trade volume. Round the clock trade makes it the most appealing financial marketplace. In order to try your skills in forex, you need to open a forex trading account. Different types of accounts are opened for Forex Trade. However, the most favored ones are: Standard Forex Trading Account Mini Trading Account Managed Trading Account …
Read moreTypes of Forex Accounts and Most Common Forex Account
There are two main concepts of Forex trade that are often neglected by the traders i.e Capital and leverage. Capital for Forex trading There is a well-known myth about Forex trade is that it can make you millionaire overnight with just a little capital. Well frankly, it is definitely not true. Forex is not betting. You can conduct profitable trade once or twice by luck but in order …