Source: PaxForex Premium Analytics Portal, How to Use MACD in Forex Trading Technical indicators can significantly help traders with seeing the market clearly and making the right decisions on time. Moving Average Convergence Divergence (MACD) indicator is both highly popular and extremely effective. Today we will learn how to use MACD indicator in Forex trading. How to Use MACD Indicator in Day Trading For starters, let’s establish what does MACD mean in Forex. The basic elements of this indicator are: MACD line (usually blue...
Source: PaxForex Premium Analytics Portal, How to Trade Fundamental News in Forex Forex fundamental news trading might be a little complex, but it is also very effective. Fundamental analysis of the currency exchange market is based on the fact that various political, social and economic factors around the world affect the price formation on Forex. This way, by carefully selecting and analyzing fundamental trading news, a trader has an opportunity to predict where the price is going to go next and benefit from it. The main...
Bollinger Bands® is one of the most famous indicators. Developed in the last century, at the moment this algorithm is not only presented in the set of indicators already included in almost every trading terminal but also often becomes the basis for new developments, acting as a basic algorithm. Today with this article we will learn what is the Bollinger Bands®, will discover some trading strategies implementing this indicator. So, make yourself comfortable, we are getting started. What is the Bollinger Bands®? The Bollinger...
There are traders who make decisions based on their guesses. And there are traders who meticulously plan every step and prepare for all possible outcomes. Which ones are more successful? It’s a no-brainer: by using even the most simple Forex trading strategies that work, any goal is achievable. Picking the Best Forex & CFD Strategy for You in 2020 Adopting a set of trading strategies early on is pretty much a guarantee of your Forex success. An effective strategy will provide crucial keys, such as points for entries and...
EUR/USD pair is the most popular trading instrument on the Forex market. But unlike the idea of foreign exchange itself that dates all the way back to ancient times, Euros to Dollars history is fairly fresh. Today we are going to learn about the making of a pair that brings Forex traders across the world the largest part of their profits. Euro to Dollar history: the origins Professional traders will agree that profitable trading majorly relies on the amount of knowledge. Specifically, knowledge about your preferable currency pairs...
