Forex charts are used by foreign currency traders to help determine buying and selling opportunities. In addition to simple charts that show general trend patterns, many indicators are used by traders to witness price action movement on a much deeper level. Most charting software platforms provide a wide range of indicators for traders to measure trend strength, possible trend … [Read more...]
Read This to Understand Pivot Points
Analysts are constantly striving to figure out the patterns within the stock market. Will the stock price continue to go up? Will it plateau? Will we see a crash in the coming days? Looking at trends and attempting to predict the future is the most valuable skill any trader must possess. When the equity price reaches a certain level, known as the support or resistance level, … [Read more...]
MACD Indicator – In Search of Divergence
The MACD indicator is a short abbreviation for moving average convergence divergence. It is a widely used indicator based on a calculation of exponential moving averages and a “signal” line. It is plotted in a separate window underneath the trading chart and can often come with a histogram showing the movement shaded in ranges. The common calculation for an MACD indicator is … [Read more...]
RSI Indicator – Getting The Best From Chart Trends
The RSI Indicator is short for Relative Strength Index. It is a commonly used type of momentum indicator for technical analysis charts which shows you overbought and oversold levels of a price. it performs a calculation on the amount of “up” closes divided by the amount of “down” closes over a set period of days, weeks or hours (depending on the type of trader you are). Take a … [Read more...]
Day Trading : Plan Your Risk and Strategy Properly
Day trading online is fast becoming one of most popular ways to make a living from your own home. You have to be careful however as there are far more losers in trading than there are winners. Have the right strategy, money management and indicators then soon you will find yourself leaning towards the winners. However there are many people who don’t treat the market with the … [Read more...]