Besides illustrating significant trading periods, bar charts are used for other purposes as well. They provide more information on price than line charts. Bar charts represent one day of trading and include the opening price, highest price, lowest...

Any timescale of the chart can be used with Bollinger Bands, including weekly, daily, and five-minute forecasts. Various trading strategies can be accommodated by the variables. If the instrument's price advances near to the top band, it usually...

Traders from other markets are drawn to forex because of its extremely high level of liquidity. Liquidity is crucial as it allows traders to get into and out of a position with ease 24 hours a day, five and a half days a week. This allows large...

Traders conduct weekend analysis for two primary reasons. One reason for doing this is to gain a broader understanding of the market one is interested in. The markets do not operate on weekends. The markets are not in flux over the weekend. Since...

A position trade is the trader holds the currency for an extended period, typically months or even years. This form of trade involves a higher level of fundamental analysis expertise, as it gives a rationale for the trade.

The potential for trend following systems to generate excellent returns in the stock market is undeniable. The history of these systems stretches back more than fifty years, and their returns have been in line with, and in some cases, outperforming,...

The benefits of day trading are numerous. For this to be accomplished, however, it takes a lot of practice and time. It is not enough to rely on the forex day strategy to achieve your goals. To become a successful trader, you must learn its concepts,...

One of the most widely used technical indicators today is the moving average convergence divergence (MACD) oscillator. By combining both leading and lagging characteristics, as well as a moving average trigger line, the MACD provides traders with the...

Trading triangles is a fantastic concept, but they don't always work out. Traders typically make the mistake of entering the market before the triangle has been broken.

In the forex market, everything is in our hands, if we trade with good money management and good analysis, we can easily achieve good profits. But when we trade, we try to make double of our money, we try to make big amount in little time, so...