Gold as a commodity has always held its value for centuries. However, in recent years we can see the trader’s interest in trading gold decreasing. For instance, from the early 1980s right up till the 2000s, we have seen very little interest in trading this safe-haven asset in major stock markets of the world. However, there are still lots of profits to be gained if you can … [Read more...] about How to Trade Gold as Technician
Volatility is an important element when trading in financial markets, as it reflects the price variation of the market over a particular period of time. Volatility indicators can be used by traders to show the magnitude and size of the price fluctuations of any particular instrument. Volatility can change in an instant in the currency market, depending on a number of factors. … [Read more...] about Volatility Indicators to Use in Forex Trading
Overview In all financial markets trading, few technical analysis approaches are as precise as harmonic patterns. Harmonics are geometric patterns pinpointed through the use of specific Fibonacci ratios to outline very clear-cut turning points in the markets. To appreciate harmonics is to appreciate the harmonic power of Fibonacci. These ratios exist in a variety … [Read more...] about Introduction To Harmonic Patterns In Trading
Interpreting and exploiting the statistical figures are two very important things you have to excel at to succeed in forex while using technical analysis. The key tool that helps in this endeavor is the chart form. By knowing the various forms and their meaning, you can easily foresee market performance. One such form is the Golden Cross. This guide will take you … [Read more...] about How Can You Use the Golden Cross in Forex?
How Support and Resistance Levels work Support is referred to as a price level where a downtrend is likely to pause because of a concentration of demand or buying interest. While the price of currency drops, the demand for it increases and thus, buy orders flow form the support line. Resistance zones, on the contrary, arise because of selling interest while prices … [Read more...] about Support and Resistance: How To Draw Levels Confidently?