Charting is a great way to unearth winning forex trades. Using a number of different strategies you can find potential trades.
But whatever you do, don't forget the importance of timeframes. Looking at the trends emerging in the market using different timeframes is vital.
So why are timeframes so important when it comes to profitable forex trading? And what can you tell from higher timeframe... ››› more
Forex trading is a popular way to make money on the markets. The forex market is the most traded and liquid financial market in the world.
The market is open 24-hours a day, five days a week. This makes it accessible to many traders who're trying to hold down their day job too.
So what's the best way to make money in the forex market?
It all comes down to following a simple forex strategy... ››› more
When it comes to forex trading, candlesticks are very useful.
They tell you a wealth of information about what's going on with the price of a currency pair. And you can use them to help you pinpoint when the price is going to breakout from its current trend.
So how can you use candlesticks to do this?
Read on to find out…
Using candlesticks to spot breakouts
If you’re looking... ››› more
Many forex traders only trade the world's biggest currencies. These currencies are the most liquid and trade on high volumes.
If you want to make quick profits in the forex market from these major currencies, how can you do it?
One way is to hone in on certain trading sessions and put a breakout trading strategy to work.
Read on to find out how to do it…
The optimum times to trade... ››› more
By using technical analysis to look for chart patterns, you can find potential forex trades.
One of the simplest and most common out there is the head and shoulders formation. This chart pattern can indicate when a price trend is about to reverse.
So what does a head and shoulders pattern look like? And how can you use it when you trade forex?
Read on to find out…
What is a head a... ››› more
When you're looking for your next forex trade, it's important to make use of the different timeframes you have available to you.
Before you start honing in on a new trade, you need to check the overall market trend. It's best to do this from a higher timeframe and slowly zoom in. This will give you the best picture of what's going on with a currency pair.
To look for potential trades, you ne... ››› more
The timeframe you use when looking at your forex trading charts is of the upmost importance.
The different timeframes you should concentrate on depend on the forex trading strategy that you're following. But that doesn't mean you should ignore other timeframes.
So why should you care about which timeframe you're using when you're trading forex?
Read on to find out…
You should use ... ››› more
Pivot points are a great tool to include in your forex trading arsenal.
You can use them to find out the market trend. And you can use them to time getting in and out of trades.
So how can you use pivot points to your forex trading advantage?
Let's take a closer look…
Using pivot points to your trading advantage
Have a look at the chart below showing the EUR/USD…
... ››› more
There are several technical analysis tools that work very well for trading forex. Pivot points are one of them.
They have a number of uses, including helping you to get in and out of trades profitably.
So what are pivot points all about? And how can you use them?
Let's take a closer look…
What are pivot points?
Pivot points are simply the average of highs, lows and closing pric... ››› more
If you opt to trade forex, technical analysis is great at helping you find potential trades. This is thanks to the general long-term trends that the forex market follows.
But you also need to bear in mind key economic events and data. Choose to ignore these at crucial times and a trade could turn against you.
One of the most important aspects is interest rates and inflation in specific count... ››› more
When it comes to profiting from support and resistance levels when you trade forex, the first thing is identifying the higher time frame structure.
Is a currency pair making lower lows and lower highs for a downtrend? Or is it making higher highs and higher lows for an uptrend?
Let's take a look at how you can do this…
How to use support and resistance levels to your advantage
Thi... ››› more
Resistance and support form the basis of much of technical analysis. Know how to spot them and you can use them to make profitable forex trades.
So how can you find the key resistance and support levels when you trade forex?
Let's take a closer look…
How to use resistance and support when you trade forex
Resistance and support are levels where the price of a currency pair struggl... ››› more
Once you decide that you want to trade forex, you'll come across the hundreds of currencies that are available to trade.
But out of these hundreds of currencies, there are only nine that you should concentrate on.
If you focus your forex trading on these currency pairs, you'll better your chances of becoming a successful trader.
So what are these nine currency pairs? And why should you co... ››› more
The round-the-clock forex market attracts many traders. But only some traders have what it takes to succeed and make money.
So how can you position yourself to make profits in the forex market? How can you improve your forex trading? And how can you make money regardless of your trade win rate?
Read on to find out the answers to these questions and much more…
Trading the forex market... ››› more
Trading breakouts is a popular strategy for forex traders. It's suitable for traders new to forex trading and those with a bit more experience.
It's a really useful strategy to use when the markets are volatile.
So how can you trade breakouts?
Read on to find out…
One method of trading breakouts
There are different ways of trading breakouts. One popular way is to use the 30- an... ››› more
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