Nowadays, when it comes to trading, technical analysis has become popular with the growing use of personal computers. All traders need to do is opening their trading platforms and using technical analysis tools on different currency pairs and financial markets. However, in the early days of technical analysis, it was not this easy. Developing trend indicators or oscillators was … [Read more...] about How to Trade with Line Charts
How To Use Elder’s Three Screen Strategy In Three Easy Steps
Elders triple screen strategy is a trend following strategy commonly used to profit in the forex and other markets. Unlike scalping, swing trading, or positional trading, the triple screen strategy works by analyzing chart patterns in multiple time frames. With triple screen elder’s strategy, the idea is to try and time trade entries with market corrections and pullbacks. … [Read more...] about How To Use Elder’s Three Screen Strategy In Three Easy Steps
Guide to Using the Keltner Channel Indicator in Forex Trading
The foreign exchange market remains the most challenging yet most exciting and profitable financial market. For starters, navigating the labyrinth of information and strategies in the market could be exasperating. Fortunately, experts have developed tools such as indicators with which forex market navigation is easier. The Keltner channel is one such indicator. What is a … [Read more...] about Guide to Using the Keltner Channel Indicator in Forex Trading
Point and Figure Charts Explained
Point and Figure Charts (P&F) has been described as one of the simplest systems that help traders determine solid entry and exit points, usually in long-term investment markets such as stocks. P&F charts are used to monitor supply and demand while keeping an eye out for developing trends. The P&F charts differ from other charts, as they do not account for the … [Read more...] about Point and Figure Charts Explained
Leading and Lagging Indicators In Forex Technical Analysis: Step-by-Step Guide
Indicators are at the heart of technical analysis in the capital markets. The best forex indicators are broadly classified into two, leading and lagging. Technical traders among other forex trading instruments rely on these indicators to make informed decisions when it comes to entry and exit points in the market. Leading Indicators Leading … [Read more...] about Leading and Lagging Indicators In Forex Technical Analysis: Step-by-Step Guide
