Every Forex trader has to have sufficient knowledge about different order types to execute trades successfully. In this article, we take a look at open orders and understand a bit more about their risks and rewards. What is an Open Order? As the name suggests, open orders are those orders that are awaiting their execution in the market. Their requirements may be unmet, … [Read more...] about Open Order
Accumulative Swing Index (ASI)
There are numerous indicators used by traders to figure out points of entry/exit for a trade. One such indicator is the Accumulative Swing Index. It is a significant tool among the various trendline indicators that allow traders to identify signals for buying and selling of currencies on the market. In this article, we take a look at this tool/indicator that will help you do … [Read more...] about Accumulative Swing Index (ASI)
Mechanical Trading
One way to avoid taking emotional-driven decisions in trading is to follow the mechanical trading process. The mechanically generated decisions give you fewer opportunities to make erroneous decisions. The system helps remove biases and personal judgment from the trading process. A consistent process is ensured with this system. When you use the mechanical system, there is … [Read more...] about Mechanical Trading
Volume
Volume is a significant influencing factor encountered in trading. Being decentralized, the Forex market does not use a specific volume formula to track the contract magnitude or their numbers, as is done for the stocks. How to measure the volume Tick movements are counted to measure volume. This is done as the price movement here happens in up or downticks. So, … [Read more...] about Volume
Heikin-Ashi
As an efficient way to read price metrics without distortions caused by volatility and minor corrections, the Heikin-Ashi (HA) pattern involves the use of candlestick charts with slight modifications for providing average price movement. Due to the averaged nature of the pattern, you will not find precise prices for close and open positions in a specific span. About The … [Read more...] about Heikin-Ashi
