How to Read a Forex Chart

  One of the essential factors for earning profit in Forex Trading is the ability to read a Forex Chart. Most of the newbies lose their entire trading account in just a few days. After losing their money, they wonder what went wrong? One of the most common reasons of losing is blindly following the trading strategy. They often search for a strategy on internet. For example you …

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What is Inverted Hammer? How to Use it in Forex Trading

Inverted Hammer is one of the widely analyzed dual candlestick patterns. It is one of the most trusted indicators of reversal in Forex trade. We can say that it serves as a warning of a total change and reversal in the price. It is formed near the end of a downtrend. It is a state of the financial market when the price of a currency is constantly decreasing. …

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Different Candlestick Colours And Use of Hammer in Trading

Hammer

Hammer Candlesticks give a clearer view of the movement of price of currencies as compared to other technical indicators. They are easy to interpret therefore traders find them far more interesting and appealing than other tools of technical analysis. Colour of Candlestick: The colour of real body has a great significance in analyzing the movement of price of a currency in Forex trading. It indicates if the opening …

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Marubozu And How to Use It in Forex Trading

One of the here basic and most preferred patterns of Japanese Candlesticks is Marubozu candlestick.  Well it has a weird name yet it has been beneficial in making sound trading moves.The Japanese word Marubozu means a ‘Hairless Head’ or a shaved head. Unlike the other patterns of Japanese Candlestick, it reflects that the bodies have no shadows. Thus as it reflects the situation with no shadows, may be …

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Kind of Japanese Candlestick – Spinning top

spining top

Spinning Tops is one of the most extensively used tools of analysis in Forex Trade. Traders all over the world prefer Japanese Candlesticks to strengthen their trading decisions. Different patterns of Japanese Candlesticks are used and analyzed for sound trading decisions. Spinning Top is the most widely preferred pattern of Japanese Candlesticks and indicator and second one is price channels. Spinning Tops: The kind of Japanese candlesticks that …

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Different Types of Indicators and Difference Between Lagging and Leading Indicators

lagging indicators , leading indicators

Lagging indicator and Leading indicators. There are basically two types of indicators. Both of these indicators are widely preferred by trades in Forex Trading. You need to grasp the difference between these two major indicators to perform well in Forex trade. Lagging Indicator: Lagging indicators informs you about the long-term plan of the price movement of a particular currency. However it does not predict it. It reflects a …

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How to Use Candlestick Analysis in Forex Trading

A prominent analysis for making beneficial trade decisions in Forex Trade is Candlestick analysis. Candlestick analysis is mostly associated with dealing and effectively managing Support and Resistance. The results of Candlestick Analysis prove more effective when you also keep in mind the current conditions of financial market as well. However you should consider the fact that you are dealing in unpredictable Forex Trade where every value is bound …

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Kinds of Price Channel and Its Use in Forex Trading

Ranging price Channels are also referred as Trend Channels. These channels are one of the most actively and widely used tool of technical analysis along with fibonacci and retracement levels. These channels show the buying and the selling zones of a certain currency in Forex Trading. But like all other tools of technical analysis you cannot blindly follow their results. You need to thoroughly observe the current situation …

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Use of Pivot Points in Forex Trading

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. …

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What is Technical Analysis? How to use it to predict?

Technical Analysis

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 …

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