Technical analysis is an inevitable part in forex trading. Forex traders greatly rely on many technical analysis tools to smoothen their trading decisions. Bollinger bands is one such tool that makes a trader’s day easy. Discovered by John Bollinger in the early 80’s, Bollinger bands are best known to be used in comparing the stock price […]
FX Trading Strategies
To trade in the Fx market is no kid’s play. It demands a detailed analysis of the price trends and the market reactions to the same. Basically, any beginner trader would need to know some trading strategies. Breakout trading strategies play an important role in technical analysis in Fx trading.
Breakout FX trading strategies are considered very volatile, yet profitable in the FX market. Breakout strategies are mostly based on market fluctuations and profits are made when the price trends “break out” of the boundaries. This is deemed as a very simple trading strategy where even a new trader can mint good profits in minimal […]
Triangle trading patterns are highly dominant in the Forex market. Forex trading needs good forecasting techniques to identify the bullish or the bearish market. Triangle trading, also known as “Pattern Trading” are a result of binding of two lines of trend viz. the support line and the resistance line. The support line shows an upward […]
Fibonacci software provides Fibonacci retracement patterns and its related aspects. It helps us trade successfully and innovatively on the Forex market. We just need to put in the high and low price and it effectively plots various price levels for us. Price levels are all fine but volatile stocks can quickly reverse at given time […]
Many forex traders try all available methods but do not receive trading results up to the mark. Thus, there is a need for devising effective forex trading strategies which can bring productive results in forex trading. Formulations of effective forex trading strategies involves the use of the most useful forex indicators which can be obtained […]