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
Forex Basics
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
Position Trading: Leveraging Long-Term Trends for Maximum Profits
Defining position trading Position trading is a strategy that forex traders use to milk as much profit as possible from a long-term trend. Position traders hold a trade for extended periods of time, often months to years. This is the opposite of what day traders and scalpers do. In forex, there are two types of traders. The first type is the kind that is impatient and can … [Read more...] about Position Trading: Leveraging Long-Term Trends for Maximum Profits
An Insight into The Types of Forex Orders
In the Forex world, the term “order” refers to how a trader either enters or exits a trade. There is a myriad of forex orders that can be placed on the forex market, depending on the broker chosen. Even though different brokers accept different types of Forex orders, there are some basic order types that almost all brokers universally provide. In this article, we will be … [Read more...] about An Insight into The Types of Forex Orders
Understanding Margin Trading in Forex
In the Forex market, margin trading refers to the process of making a deposit with a broker, in order to open and maintain positions, in one or more currencies. Margin is considered as a portion of the customer’s account balance, set aside for order trade. It is not a cost or a fee. Requirements for the amount of the margin can vary, depending on the brokerage firm … [Read more...] about Understanding Margin Trading in Forex
