Anyone trading on the forex market is aware of the importance of different chart patterns used during forex trading. Forex chart patterns can be best described as an on-chart price action patterns, which have a higher than average probability of following through in one fixed direction. These chart patterns form the basis of technical analysis conducted by numerous traders … [Read more...] about Major Chart Patterns in Forex Trading
Forex Indicators
Why MACD Can Be an Unreliable Signal
MACD or Moving Average Convergence Divergence is an indicator in trading, used mainly to measure the potential entry and exit points for traders. It does this by comparing short-term and long term price trends. This indicator allows analysts to derive future price movements and place trades for profits. MACD is a trend or momentum indicator and as a momentum indicator, … [Read more...] about Why MACD Can Be an Unreliable Signal
An Insight into the Moving Average Convergence Divergence Indicator
In Forex Trading, technical indicators are the main tool used by traders to forecast price changes in the foreign currency market. Traders usually can make important decisions using indicators, when it comes to market entry and exit. One such indicator is the Moving Average Convergence Divergence, a popularly used indicator by traders. Moving Average Convergence … [Read more...] about An Insight into the Moving Average Convergence Divergence Indicator
Ichimoku Indicator Guide: How to Use Ichimoku In Technical Analysis
Ichimoku Indicator Components Ichimoku Indicator is one of the best forex indicators for automated trading. The algorithmic FX trading indicator is best known for providing reliable information about support and resistance levels. Also, it is also used to ascertain trend direction and momentum when analyzing chart patterns in the market. The … [Read more...] about Ichimoku Indicator Guide: How to Use Ichimoku In Technical Analysis
Relative Strength Index Trading Strategies
Relative Strength Index is one of the best forex indicators leveraged by traders in manual trading as well as automated forex trading. As a forex-charting tool, the indicator is often used to measure momentum magnitude in technical analysis of stocks, currencies, commodities, among other securities. Understanding RSI Indicator The RSI indicator stands out … [Read more...] about Relative Strength Index Trading Strategies
