There are a variety of technical indicators that work very well with forex trading.
One of the most important and one that you should get to grips with the moving average.
Moving averages tell you a lot about the price movement of a currency. And they tell you about market sentiment.
So what are moving averages?
Let's take a closer look…
The ins and outs of moving averages
M... ››› more
As with any trade or investment you make, you need to accept you're going to incur some losses along the way.
Regardless of how good your trading strategy is, this is a fact of trading.
So how can you make the most out of these losses and use them to the benefit of your trading?
Read on to find out…
How to become a better forex trader
The key to improving your success at tradin... ››› more
A useful trend reversal pattern to use in forex trading is the triple top formation.
This pattern can indicate that a currency is about to take a hefty fall. Spot this fall and you're in line for a profit.
So what is a triple top formation? And how do you use it to put a short trade on?
Let's take a closer look…
What is a triple top?
The triple top formation combines other tre... ››› more
Triangle formations are very similar to another trend continuation pattern, the pennant. The main difference is there is no pole.
There are four types of triangle formations. These are symmetrical, ascending, descending and expanding.
Let's take a closer look at the symmetrical triangle formation and how you can use it as part of your forex trading strategy…
What is a symmetrical tri... ››› more
Trend continuation patterns are very useful tools to have in your forex strategy toolbox. If you spot one of these patterns emerging, there's a good chance the currency will resume its trend.
One of these trend continuation patterns is the pennant formation.
So what exactly is a pennant formation? And how can you use it to your forex trading advantage?
Let's take a closer look…
Wh... ››› more
Triple bottom patterns are trend reversal formations. You can use the pattern to spot a bullish move in a currency.
So what exactly is a triple bottom pattern? And how can you use it to put a long trade on a currency?
Read on to find out…
What is a triple bottom pattern?
A triple bottom combines an inverse head and shoulders pattern and a double bottom pattern.
Have a look at t... ››› more
Learning how to spot key chart patterns can be a great way to trade forex.
One such chart pattern is a double bottom formation. It you spot one of these developing, you could use it to help time your entry into a profitable long trade.
So what is a double bottom formation? And what are its key characteristics?
Let's take a closer look…
What is a double bottom formation?
A doubl... ››› more
When it comes to forex trading, there are a number of chart patterns that can yield good results.
One of these is the double top pattern. If you can spot one of these forming, you could be onto a winning short trade.
But remember, don't rush! There's a link between the length of time a pattern like this takes to develop and the significance of its formation. Patience is of the essence.
So... ››› more
Head and shoulder formations are popular trend reversal patterns that forex traders use to confirm and profit from currency movements.
If you see an inverse head and shoulders pattern, you could use it to predict a rise in a currency's price.
So what is an inverse head and shoulder pattern? And how does it work?
Let's take a closer look…
What is an inverse head and shoulders forma... ››› more
When it comes to using trend reversal patterns to unearth opportunities to profit in the forex market, one of the most popular is the head and shoulders pattern.
If you spot a head and shoulders pattern emerging, you can use it to pinpoint a fall in a currency's price.
But to do that you need to understand the signals generated from it.
Read on to find out what you need to know about head... ››› more
A popular trend reversal pattern that you'll come across in forex trading is the head and shoulders pattern.
This pattern is one of the most reliable.
So what is a head and shoulders pattern? And how can you spot one?
Let's take a closer look…
What is a head and shoulders pattern?
Three consecutive rallies make up a head and shoulders pattern. The first and third rallies make u... ››› more
When it comes to forex trading, there are two lines which form the basis of many forex trading strategies. These are support lines and resistance lines.
It's vital you get to grips with how these work and understand their significance.
So let's take a closer look at how these work…
The most important technical indicators
When you draw a trend line onto a chart, you’ll notice tha... ››› more
To become a successful forex trader, you need to be able to identify trends.
The best way to begin is to understand where trends come from in the forex market. And to get to grips with the three main trends that dominate the forex market.
Let's take a closer look…
What are trends in the forex market?
Cycles in the forex market make up trends. Identifying these cycles is an importa... ››› more
When it comes to forex trading, the candlestick chart is the chart of choice.
They're perfect for beginner forex traders to use as candlestick charts are very easy to view.
So how does a candlestick chart work? And how do you read them?
Let's take a closer look…
Using candlestick charts for analysis is a popular choice
Candlestick charts appeal to new and seasoned forex traders... ››› more
If you opt to use technical analysis as part of your forex strategy, you'll need to get to grips with the different charts available.
If you're new to technical analysis, you'll need to understand how the two most basic charts available work.
So let's see how the line chart and the bar chart work…
The line chart
If you’re looking to use charts for long-term forex trading, the li... ››› more
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