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”…
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…
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…
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…
While Forex is relatively easy to get into, knowing how to avoid losing money in forex is as important as knowing how to make money in the market. Forex traders can quickly realize gains in the market, but it’s also a place where even the experienced traders can lose their shirts if they…
Profitable Trading Patterns with Stochastic Oscillator Indicator 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…
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…
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…
An Introduction to Forex ADX Indicator Getting along on a trend is a very profitable move that all traders wish to be in and also a very good way of yielding high risk reward ratio positions as thus the ADX Indicator has remained the best way of getting to know the state of the trend.
Depending on who you listen to forex trading is either the greatest thing ever or the devil himself; the key to which online forex trading approach is safest is none of them and all of them. You see forex trading is not easy, it is actually very difficult, but before you give up there is…