Technical analysis in the foreign exchange market is based on the theory that market history, the movement of currency charts is constantly repeated, which means the repetition of events of the same type that have already occurred in the past. A pattern is a graphic drawing that makes it possible to predict the future movement of quotes. In this article we will analyze the most … [Read more...] about How to use Forex Chart Patterns
Michigan Consumer Sentiment – How to trade the MCSI in Forex
The University of Michigan Consumer Sentiment index is one of the most followed sentiment surveys around the world, and it affects Forex pairs. Although it covers the United States consumer sphere only, it has a global impact as the US is the leading economy on the planet. Traders around the globe look at it for insights about how the country is doing and how it interacts … [Read more...] about Michigan Consumer Sentiment – How to trade the MCSI in Forex
Currency Pairs: Most traded currencies. Most volatile currency pairs
Choosing assets to work in the Forex market is not an easy task, especially for beginner traders, since even the most popular currency pairs on Forex are not always amenable to analysis. Nevertheless, the use of the most traded pairs as a base and quoted is a reasonable option for working on the exchange. Most traded Forex currency pairs Five leading currencies (USD, EUR, … [Read more...] about Currency Pairs: Most traded currencies. Most volatile currency pairs
How to Choose the Best Forex Charting Software
The foreign exchange market, called forex, is one of the most extensive and liquid globally. Millions of traders put their capital in the market, hoping to earn a profit. However, the depth of the market and complexities require that the trader becomes familiar with specific items like charts. Notably, the significance of charts is inestimable because of the extent they go to … [Read more...] about How to Choose the Best Forex Charting Software
Best Technical Indicators to Use in Automated Forex Trading
There is an increasing trend where traders are relying more on automated trading than manual activities. Given the convenience that automation comes with, there is no doubt that the trend will deepen further. However, the automation of trading activities is not easy to achieve without enough knowledge about technical indicators. Technical indicators form the backbone of any … [Read more...] about Best Technical Indicators to Use in Automated Forex Trading
