Forex Strategies.

Tips To Thrive In The Field Of Forex Trading

March 15, 2014 12:14 pm GMT+0  in Forex Strategies

Forex trading is not just about knowing the rules and terminologies of the trade. It is also about the different strategies that traders need to adopt for gaining success in it. The personality of the traders is an important aspect in this regard. Start with examining the strength and weaknesses of your character trait, for […]

Timing Trades with the MACD Indicator

February 3, 2014 8:42 am GMT+0  in Forex Strategies

As with any trading situation, timing is one of the most critical elements that must be considered for all of its relevant implications.  Timing becomes even more important for technical analysis traders that tend to combine indicators (for example, the MACD with Bollinger Bands).  But no matter what your strategy, it is always important to […]

Setting Profit Targets in Swing Trades

November 15, 2013 10:29 am GMT+0  in Forex Strategies

One thing that separates swing trading from most of the other strategies is the fact that critical support and resistance levels that have been established by the swing move can be used as clear levels for conservative profit targets.  This is one factor that distinguishes swing trading from what is seeing in break-out or trend […]

Using Objective Technical Confirmation before Trades are Opened or Closed

November 7, 2013 8:48 pm GMT+0  in Forex Strategies

One of the finals step in the process of opening and closing trades can be seen in the need to confirm your trading signals in an objective manner.  Without this, no trades should be opened or closed, as “intuition” should never be relied upon as part of the process.  “After you have selected your currency […]

Trading Head and Shoulders

September 7, 2013 10:52 am GMT+0  in Forex Strategies

Technical analysis offers us the possibility to look at price and structure it into different chart patterns that are happening over and over again. These patterns are being classified into continuation and reversal patterns. The name for each category speaks for itself in the sense that, if one is looking for a trend to continue […]

Fibonacci Signal following Kumo Break

August 16, 2013 3:00 am GMT+0  in Forex Strategies

The MT4 chart below displays the EURUSD daily chart, with the Ichimoku indicator displayed.   As you can see on the left, after the Kumo support breakout, prices started to retrace. Traders who are looking to re-enter this well established bearish trend can draw a Fibonacci retracement on the last swing low, and we see […]

Pivot Point Trading

July 28, 2013 1:59 am GMT+0  in Forex Strategies

Pivot point trading is one of the forex trading strategies commonly used by forex traders. In pivot point trading the moves from the previous days are calculated and forex trades are entered into when the forex market reaches a support or resistance line that is in the pivot point – of course, with the assurance […]

Fibonacci Forex Trading 101

July 21, 2013 8:31 am GMT+0  in Forex Strategies

You may be surprised to know that Fibonacci forex trading is the foundation of many forex trading systems that are being used by forex traders all over the world. Many traders have been able to profit quite well using trading techniques rooted in the Fibonacci sequence.

Simple Moving Average or Exponential Moving Average: Which One Should You Use?

July 14, 2013 2:15 am GMT+0  in Forex Strategies

There are basically two types of Moving Averages that forex traders rely on for their trading analysis – the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Both of these technical tools have their pros and cons. But which one should you use? The Exponential Moving Average If you’re a trader who wants […]

Ichimoku Alert: Chikou Span Bearish Break on EURUSD Daily

July 10, 2013 2:23 am GMT+0  in Forex Strategies

We received an Ichimoku MT4 alert of a Chikou Span (black lagging line) break below price close and Kumo, as highlighted in the yellow circle. This is confirmation of a bearish movement as EURUSD falls from a recent high of 1.3413. As seen in the purple circle, there was an attempt to break below the […]

The Best Times To Trade in Forex

July 5, 2013 5:40 am GMT+0  in Forex Strategies

One of the unique features of the forex market is that it is open 24 hours a day, and five days a week. The fact that the market is open for such a long time gives traders a lot of opportunity to earn at any hour of the day. The diligent trader who waits for […]

Forex Trading Using Margins

June 29, 2013 12:27 pm GMT+0  in Forex Strategies

Margins offer forex traders a huge benefit – it gives them the opportunity to trade in large volumes but using just a small amount of money. When a trader uses a margin account he is basically borrowing funds to use in his trading so that he can gain a higher return on his investment (the […]