Pattern trading in forex is a popular method of technical analysis based on the observation of similar chart patterns in the past which helps in predicting future price movements. As market psychology is formed by the actions of traders, it results in the distribution of trades across price and/or time which we call patterns. These can be grouped as a continuation pattern (the … [Read more...]
Forex volume indicators for trading, scalping, and trend trading
Durable Forex trading strategies are based on some specific indicators, depending on the type of trader you are. But volume trading, scalping, and trend trading each have their own special dynamics to them so markets need specific tools to match their characteristics. Here are the best indicators for these trading styles, and how to use them efficiently. Volume Trading: How … [Read more...]
Making The Most Out Of Your Forex Trading By Trading At The Right Time
The Forex market is a worldwide, pleasurable 24 hour per day, five day each week trading market. It might be easy to believe that trading is just as profitable at any hour of the day, but you would actually be wrong; there are higher opportunities for profit in periods of higher liquidity or volatility. In this article, we will tell you about the best trading times, why forex … [Read more...]
Trading Forex for a Living: How to Prepare for Success
Trading forex for a living is great idea that can either make you or break you. In order to ensure that things in your trading for a living work perfectly, there should be some preparation. Preparation here does not only mean getting to vastly understand the market but also preparing enough in terms of the right equipment you are going to use, risk management measures and inner … [Read more...]
Is Using an ECN Forex Broker Worthwhile?
An ECN broker can be very profitable for certain types of traders; however, whether it is worth it or not depends on your personal trading style, experience, and financial goals. These brokers differ from the traditional options in several ways. First of all, rather than serving as the counterparty to your transaction, the broker gives you direct access to a network of other … [Read more...]
Is Forex Trading or Scalping Profitable?
Forex trading can be profitable, however, it might present some risks along the way. The forex market is extremely liquid and open 24 hours which means more opportunities. But specific factors play an essential role in whether profit is achieved or not. First, you need in-depth knowledge of the markets, both in terms of how they operate and what is driving price movements. You … [Read more...]