Moving averages are a common forex indicator to use. They have a few uses.
You can use moving averages to identify the market trend. And you can use moving averages to show you when it's time to enter and exit a trade.
By using moving averages in conjunction with other forex indicators, you can increase the chances of getting your trades right.
So how can you use moving averages to enter ... ››› more
Forex trading can be extremely lucrative.
Your success as a forex trader all comes down to having a great strategy.
Using a great strategy along with some simple risk management techniques means you should be profitable along the way, even with some losses.
So what forex strategy can you use to profit?
Read on to find out…
How you can avoid making beginner forex trading mista... ››› more
Technical analysis can work very well with forex trading. This is because the forex market is very liquid and tends to follow strong trends.
If you want to try to exploit a trend, it can be useful to know when change is afoot. One way you can do this is by using a pattern like the inverse head and shoulders formation.
This pattern can help you be profitable if you're in a short trade and if ... ››› more
If you're looking for a useful and potential profitable chart pattern, the head and shoulders pattern is just that.
It can help you spot when an upward trend is about to change to a downward trend.
This means you know when it's time to exit a long forex trade. And it shows you that it could be time to put on a short forex trade.
So how does the head and shoulders pattern work? And how can... ››› more
Technical analysis can be an extremely useful tool to help you see where the forex market could be going.
Get these predictions right and you make a profit.
Take continuation patterns. Spot these and you have the chance to exploit a powerful trend.
One such continuation pattern are flags.
Let's take a closer look at how you can use these to spot a money making forex trading opportunity... ››› more
Many technical analysis indicators work well with forex trading thanks to the forex market being so liquid and heavily traded.
After a powerful uptrend, a currency pair may trade sideways before resuming its upward trend. So how can you spot this type of pattern?
Read on to find out…
Using triangle patterns as part of your forex strategy
Triangles are useful continuation patterns ... ››› more
One popular pattern traders look out for are double tops. They're particularly useful as they're easy to spot.
They can be very lucrative patterns too. You just need ensure you follow a few rules.
Let's take a closer look at using double tops as part of your forex trading strategy…
A double top is worth including in your forex strategy
A double top is a reversal pattern. It can in... ››› more
Whilst trading forex gives you the opportunity to make money from the movements of currencies, there's also the chance of making a loss.
When you trade forex, you're trading a geared instrument and this means your losses can quickly mount up.
This is why risk management is so crucial when you trade forex.
So how can you limit your downside risk?
Read on to find out…
Why stop lo... ››› more
Trend lines lie at the cornerstone of forex trading. You can use them to indicate levels of support and resistance.
And you can use trend lines to draw trend channels to help you make profitable forex trades.
So how can you draw trend channels?
Read on to find out…
How to draw trend channels
To use trend channels when trading forex, you need to know how to draw them.
Take a ... ››› more
Learning how to spot trends when you trade forex should form a vital part of your trading strategy.
The forex market has a tendency to move in trends. And trading in the direction of the market trend means there's a higher chance it's going to continue moving in that direction.
So what's the easiest way to spot trends? You can draw trend channels onto your charts.
Read on to find out how... ››› more
If you've looked into technical analysis, the vast number of technical indicators may overwhelm you.
So what exactly are technical indicators? And which ones are worth using as part of your forex trading strategy?
Read on to find out…
What are technical indicators?
You’ll come across two main types of technical indicators when you trade forex:
Leading indicators; and
... ››› more
If you're looking to bank tidy profits trading forex, technical analysis is the tool for you. But you can't ignore fundamentals.
You must know when key economic data is due for release, otherwise you could get a nasty surprise when in a trade.
Let's take a closer look at what you need to do…
The five key economic indicators you need to know about
Finding forex trades using technic... ››› more
Forex trading can be a lucrative way of making money. But even the best of forex traders will encounter losing trades.
To ensure a few losing trades don't decimate your trading account, it's vital to manage your risks.
This forex trading strategy means your success denotes how much you put risk with each trade.
Let's take a look at how it works…
How this forex trading strategy wor... ››› more
There are a wide variety of different forex traders who follow different forex trading strategies.
Some of these traders may get in and out of trades within an hour or two, whereas others may stay in a trade for a few weeks or more.
Depending on your forex trading strategy and the style of trading you follow, you'll concentrate on different timeframes on the charts you use.
So what's the ... ››› more
The cornerstone of all successful forex traders is a successful forex trading strategy.
Once you decide on a strategy that suits you and your trading style, you'll want to put it to the test. And the best way to do this initially is to follow it exactly while risking nothing.
Read on to find out how you can do this…
How to check how good your forex trading strategy really is
Spend... ››› more
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