With so many participants - most of whom are trading for speculative reasons - gaining an edge in the forex market is crucial. Fundamental analysis provides a broad view of a currency pair's movements and technical analysis defines trends and helps to isolate turning points. Sentiment indicators are another tool that can alert traders to extreme conditions and likely price reversals, and can be used in conjunction with technical and fundamental analysis. Sentiment is the net amount of market player's optimism or pessimism reflected in any...
Trading the forex market is not just about mastering which technical indicators to use or when to enter or exit a trade — it's also about mastering your own psyche. Most experts agree that one of the most important aspects in achieving consistent trading success is developing a profitable trading mindset. This means that if you do not have the right mindset, you will not be successful in making profits no matter how good your strategies are. The most important thing that the successful currency trader possess is the ability to separate...
Currency prices fluctuate and there are several technical indicators which are employed to forecast these price movements. As we know from physics classes back in the days we were still in school, the term “oscillating” means that a line swings between an upper and a lower boundary. Forex oscillators represent another widely used group of technical analysis indicators. They are popular mostly because of their ability to draw attention to a possible change in the trend even before this change starts to manifests itself in price and volume....
With the size of the forex market and its potential for profit you would expect it to be a much more popular and familiar market to the masses. A possible explanation of this phenomenon can be the fact that it was originally inaccessible to the average person, and only in the last decade has the forex retail market taken off. The forex market has managed to gain more exposure over the last few years, especially on the global web. This can be attributed mainly to social media and the presence of forex brokers and traders on the various social...
Breakouts are a common phenomenon in the forex market and occur across different chart intervals. It is therefore no surprise that break out trading strategies have become one of the most popular ways of trading forex, besides other strategies such as trend following methods. In order to trade break outs successfully traders need to first understand what causes the break outs, how to identify the breakouts and finally learn the various ways they can trade forex break outs. Trading breakouts is not a new concept; traders have been using...
