Technical analysis works very well with forex trading thanks to the strong trending market.
There are a wide number of different technical indicators you can exploit to help you profit from the forex market, but the most important ones are support and resistance.
So what exactly are support and resistance? And how can you use them in your forex trading?
Read on to find out more…
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The forex market is the largest and most liquid financial market. It offers savvy traders bountiful opportunities to profit from moves in the world's currencies.
The secret is knowing what indicators to use to identify winning forex trades.
Read on to find out what these are…
The best forex indicators to use
The forex market tends to follow strong trends. These trends make technic... ››› more
If you trade forex, you want to use analysis that can help you make the most profitable trades.
One way you can do this when trading forex is to use technical analysis by using a number of different indicators.
So what exactly are forex indicators? And why do traders use them?
Read on to find out…
What are forex indicators?
Forex indicators are technical indicators you can use ... ››› 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
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If a share is on an upward trend and you want to get in on the action, it's probably worth waiting for a pullback. But how do you know when a price pulls back enough to buy in?
Fibonacci retracements are the perfect technical analysis tool to help you find these levels.
Read on to find out how you can use Fibonacci retracements to time your market entry…
What are Fibonacci retracemen... ››› 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
Do you notice that more often than not, you probably had the good advice on how to prevent your trading losses before you made them?
But for some reason you just keep ignoring it - and you keep making the same mistakes to the detriment of your trading account.
Today I'm going to re-iterate the four trading tips the novice traders make the fatal mistake of ignoring.
1. Adjust your expecta... ››› more
When volatility is very high, market direction can be quite random. But, predictable turning points occur frequently in the market and they can be very profitable. Read on to discover three technical indicators that can help you identify a market turning point…
You can use technical analysis to try and pinpoint turning points in the market, the research team at Red Hot Penny Shares explain…
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