Traders carry out technical and fundamental analysis to analyze future price direction in the forex market. Contrary to perception, they are not the only strategies deployed by millions of traders worldwide. Some traders also pay close watch to seasonal tendencies that take place in the $4 trillion marketplaces. What Is Seasonality Trading? Seasonality trading is a … [Read more...] about Seasonal Tendencies In Forex
Forex Market Analysis – Beyond The Charts
Pros and cons of technical analysis One of the biggest arguments to illustrate the cons of technical analysis is the widely-held belief of being a lagging indicator. The information traders get from this form of studying the markets is thought to be 'after the fact.' Technical analysis uses the premise that markets repeatedly move in a wide plethora of patterns. Because … [Read more...] about Forex Market Analysis – Beyond The Charts
Discretionary Forex Trading: Biases And How To Deal With Them
Biases are inherent to human thinking, and traders are not immune to it. Not only can biases affect what trading decisions one makes but also how one analyzes the market conditions. In this article, we take a look at the importance of understanding biases, how they affect our judgment, and how one can use them when formulating trading decisions. Biases and their role in … [Read more...] about Discretionary Forex Trading: Biases And How To Deal With Them
Tops and Bottoms Picking in Forex: Why, When, and How?
Against the Grain in Forex Price action is the most critical aspect of the forex market. The charts that you study everyday plot the behavior of price action. Interestingly, the movement of price action through time is never a straight line because of the market's complex nature. Different market players react differently to the numerous stimuli in the market. For this … [Read more...] about Tops and Bottoms Picking in Forex: Why, When, and How?
Choose Your Trading Approach: Discretionary Trading Or Mechanical System?
Forex trading: Discretionary or Mechanical Mechanical Trading strategy removes the need to predict by laying down some rules. The system informs the trader when to enter and exit the market and how much to risk so that they don’t have to make predictions. The Discretionary Trading strategy focuses on the intuition, market knowledge, and gut feeling of the trader. … [Read more...] about Choose Your Trading Approach: Discretionary Trading Or Mechanical System?
