What is momentum trading? Momentum trading is the practice where one buys a currency pair whose price is trending upwards and sells a currency pair whose price is on a downward trend. The idea here is that an up-trending price is likely to continue in that trajectory for the near future. In like manner, a down trending price has the momentum to continue falling. One can … [Read more...] about Guide to Leveraging Momentum Trading for Long Term Profits
Guides
How to Trade with Line Charts
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
How to Trade Using the Average Directional Movement Index in Forex
The Average Directional Movement Index, also known as ADX is an unusual trend indicator to measure trends. Having roots back in 1978, the ADX was first applied at a time when currency markets didn’t exist as it does today. Back then, only the stock market speculators had the interest to trade with ADX. In the past currency markets, institutional players dominated the trading … [Read more...] about How to Trade Using the Average Directional Movement Index in Forex
