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?
Price action is a trading technique that describes the characteristics of the price movements of a security. It allows a trader to read the market so he can make subjective trading decisions according to the recent and actual price movements. Momentum is a simple and unique technical analysis indicator that is a close replica of price action and useful for traders worldwide. … [Read more...] about Price Action Trading with Momentum
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
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
Indicators are at the heart of technical analysis in the forex market, as they allow traders as well as forex robots to analyze past and anticipated future price trends. The best forex indicators enhance the identification of trading opportunities as well as entry and exit points. Trading strategies such as scalping, trend trading or swing trading rely on technical … [Read more...] about How To Use Technical Indicators To Develop Forex Strategies