In the world of Forex, where currencies are perpetually rising and falling in value with each passing second, there is one master upon which they all depend, interest rates. As a beginner, a seasoned veteran, or someone just curious about the association between interest rates and Forex, this article is for you because we’re about… Continue reading Interest Rates and Forex Trading: What Every Trader Should Know
You have to understand market movers & trade smarter. In the fast-paced world of Forex, prices do not change randomly, but in response to certain market influences. Of all the influences in the Forex market, economic news has been found to be the most powerful in moving the prices of currencies. While there is a… Continue reading How Economic News Affects Forex Prices
This is a complete, practical guide for smarter technical traders. Markets do not move in a random fashion, they move in sync. Harmonics make it easier to decode this sync by amalgamating the market structure, Fibonacci ratios, and market psychology in an extremely effective manner. When properly executed, they can make for high probability trading… Continue reading The Best Way to Trade Harmonic Patterns
A better way to deal with news when you are trading is to not be afraid of it. News can be very scary when you are trading. In Forex trading the price does not often change by chance. There is usually something behind a jump or a sudden change in the Forex price. Therefore the… Continue reading How to Use the Forex Factory Economic Calendar for Forex Trading?
In the rapidly evolving Forex market, having the information at the right moment can often mean the difference between gains and losses. Among the most proactive and highly successful Forex investors is a group that uses just one significant platform, Forex Factory. But what is Forex Factory, how does it work, and how can you… Continue reading What is Forex Factory?
Timing is everything in Forex trade. The major support and resistance levels are authenticated, checked and watched out for regularly in hopes of a breakout that indicates a profitable trade trend. However, all breakouts do not necessarily contribute to profitable price trends. Fake breakouts, also referred to as false breakouts, are misleading actions that entice… Continue reading What Is a Fake Breakout in Forex and How to Avoid It?
In the high-velocity world of forex, where algorithms blink in nanoseconds and news moves markets, there are few approaches that offer lasting importance. But one is different. With over a century of tradition and still useful when suitably adapted: Dow Theory. In this post, you’ll discover how to use Dow Theory in forex trading as… Continue reading Using Dow Theory for Effective Forex Trading Strategies
You are piloting an airplane through dense fog. The runway lights do not yet appear, but your instruments, your artificial horizon, altimeter, and compass are guiding you safely home. On forex markets, price is the atmosphere, and indicators are the dashboard instruments. That’s why a reliable indicator in forex strategy isn’t just helpful; it often… Continue reading What Is an Indicator in Forex Strategy?
Let’s get acquainted with the pulse of market strength. In trading, success could be a function of being able to interpret the signals encoded in price and volume. Traders employ an array of techniques to gain a feel for market momentum, identify entry and exit points, and predict impending reversals. Of these, the Money Flow… Continue reading What Is the Money Flow Index (MFI) and How It Works in Trading?
All traders dream of catching the market at the right moment, buy low, sell high. But in the always-unpredictable Forex, things are not as straightforward as they might seem. Imagine this: a currency pair is apparently collapsing, showing a vicious bearish swoon. Traders rush to sell, expecting to ride it lower. The price turns sharply… Continue reading Bear Trap Trading Strategy in Forex