Forex (foreign exchange market) is a way for individuals and companies to trade currencies all over the world. A potentially lucrative business, Forex encourages global trading and investment. The Forex TSD is a forum especially for those involved in the world of Forex. The virtual gathering place offers individuals steeped in the business exclusive tips, deals, advice, and offers. Continue reading
In today’s world we see the word “PIP” used in several places, so what is a PIP you might ask? Shopping for televisions you will understand it as a “Picture-In a “Picture”. With some fruits such as apples and pears, you will find it used to represent the seed or pit. But what is a pip in Forex trading?
In our business it represents “Percentage-In-Point.” and is used to quantify a currency rate to a very detailed and small amount well below whole numbers. Different currencies are traded around the world and using this system helps equalize each currency against the other for much more accurate measurement. Continue reading
The Forex Market and Important Economic Indicators
The currency market or the Forex market is an awesome marketplace that’s shown to be the biggest and most lucrative market on the globe. We find investors from all over the world trying to get engaged in this trade. It is important to state here that happenings in one little corner of the world can affect the exchange rates and currency values. This article will expose Forex Market Important Economic Indicators. Continue reading
Heikin Ashi Application is a tool which can be used in conjunction with other market indicators to confirm Forex momentum. It shows the relative strength and direction of Forex trends, as well as marks key points to enter and exit trades as prices. However, the Heikin Ashi calculates session activity in a way that “smoothes” out market noise, in order to give a better overall picture of Forex momentum spike and dip. Continue reading
Understanding Support and Resistance Indicators
Understanding some basic forex support and resistance indicators can be a good way of establishing a trader in the study major support and resistance levels.
So many traders out there are void of indicators that can give them information on support and resistance points. This article is poised to reveal and make you understand some of these basic tips. I’ll be sharing with you here some of forex best support and resistance indicators that I have tested to be the best. Continue reading
Using the Stop Loss Option
Being a player in the financial market, you always need to keep in mind that there are two sides of the story. On one side, you make a successful trade deal and earn substantial amount of profit. However, on the other side, there is loss where you lose profits and even the money you had on hand. This is all part of the game. Even in forex trading, there will be times when you will be making huge profits, but there always will be a chance of you enduring a loss due to a bad trade that might potentially eliminate all your time, effort and hard work you put into it. Continue reading
If you are looking for an indicator that would tell you about the rate at which the price of a currency changes over time, then you should be looking at the Momentum Oscillator. They are also used in checking the strength of the currency price. What we see in the market is an indicator that behaves like a detector that shows if the forex market is going as projected. Continue reading
The Stochastic Indicator is created to move between 0 and 100. The oversold conditions in the market are marked by low levels (areas around 0) and the high levels (areas around the 100) denote the overbought markets. When we say the market has “Overbought”, we mean the market has gone too high and is getting ready to get on its way down. An “Oversold” condition is when the market has gone so low and it is on its way back up. Continue reading
Relative Strength Index (RSI) – a Vital Indicator for Huge Profits We notice in the market that the best trends sometimes hit us without us knowing. The RSI is an indicator that shows the momentum of a defined financial instrument and at the same time it explains when it reaches extreme levels to the overbought region (upside) or oversold regions (downside). At these extreme points investors are gearing up for reversal in trend. The Relative Strength Index oscillates between 0 and 100, and is able to achieve this via a formula which compares the size of recent profits for a financial instrument to the size of its recent losses that is subsequently plotted in a line graph. Continue reading
Can’t decide on a Forex Strategy?
Mirror Trading May Be For You.
Probably the hardest part of becoming involved in the live trading market is that as a human you are an emotional creature that can sometimes get caught up in the excitement of the trading environment. If this describes you then you may want to look into mirror trading as a way to remove your emotions from the equation. Continue reading