Gaps primarily occur over the weekend because it is the only time the forex market closes. Gaps may also occur on very short timeframes such as a one-minute chart or immediately following a major news announcement. A gap is a change in price levels between the close and open of two consecutive days. Although most technical analysis manuals define the four types of gap patterns as Common, Breakaway, Continuation, and Exhaustion, those labels are applied after the chart pattern is established. The forex market never closes, not even on weekends...
There are countless of posts online which tell you why you should or should not trade forex, so I will spare you the why you should points. I mean it is obvious, you should be in the market as it is the only one on this planet which allows you to create a true income stream, 24/5, one that you can depend on. I won’t lie to you, it requires patience. Those who come armed with patience can truly experience the great world of forex trading. This is precisely why I decided to share my story and strategy here with you all. Let me get right to it,...
As the annual Conservative Parry conference drew to a close last night, Theresa May entered the stage to the tunes of Abba’s “Dancing Queen” with a few moves and a smile of her own. Unlike last year, when had a cough which would not stop and a stage collapse to deal with amongst other things, she was able to enjoy one hour of calm as she delivered her closing speech. That is one hour in the past seventeen months where things seemed to go her way. Underneath it all, it may have been a mixed performance overall which was overshadowed by the...
Based on the financial centers that are opened throughout a trading day, there are different trading sessions that take place. They are not equally important, and this is a valuable information for the forex traders as they can calibrate their expectations. When these financial centers are opened, volatility increases. This means that currency pairs are moving more aggressively. The more important the financial center and the transactions that take place there, the more the currency markets will move. This is what traders are looking for, as...
Hello cryptocurrency traders, Bitcoin enthusiasts as well as forex traders and welcome to my Bitcoin - Forex Combo Strategy. Cryptocurrencies, with Bitcoin leading the push, started to expand following the last global financial in 2008. They were meant to break with the old monetary and centralized financial system. Fast forward a few years, I received my first Bitcoins on October 12th 2017 at $5,000. Initially I was not interested in joining the crypto craze, but the firm who engaged me for some freelance work was unable to pay me in cash as...
