The accumulation and distribution indicator is a popular MT4 indicator for MetaTrader 4. This one is similar to the On Balance Volume indicator in some ways. It does, however, have one significant distinction. It also considers the trading range for...
Double top patterns are the inverse of double bottom patterns. A double-top design is formed by two rounded tops. The first rounding of the top creates a U-shape. Rounding tops may indicate a bearish reversal after a prolonged bullish rise. Double...
To be effective in the forex market, moving averages must be able to identify patterns and momentum quickly. The market's reaction to the moving average is unquestionably important in the long run. To identify a convergence of support and resistance,...
Forex traders need to understand how much risk they will be exposed to in the market so that they can take the matter seriously and know that the path is not easy and requires patience and time to navigate.
A British independent regulatory body that oversees the UK forex market, the Financial Conduct Authority (FCA) operates under the Financial Services and Markets Act (2000). Unauthorized foreign exchange brokerage firms are being weeded out, and...
As a result of the volatility and rapid movement of the forex market, news spreads quickly among forex traders. Markets for forex are often more volatile than stock and bond markets, which means they can change quickly and in unpredictable ways.
As a technical analysis charting pattern, it represents a change in trend and momentum from the previous leading price movement. In this case, it depicts the loss and subsequent recovery of a stock or index, as well as a subsequent dip and subsequent...
Among the many Central and Eastern European countries that actively participate in the foreign exchange market are the United States of America, the United Kingdom of Great Britain and Northern Ireland, Australia, Germany, Switzerland, France, Italy,...
Price action is indicated by candlestick patterns. It informs us about the reversal and the precise market price test. If a trader wants to catch trends, he or she must understand candles. Pinbar candlestick patterns are the most popular of all...