Category: Forex Basics

Math Class Revisited: Understanding the Different Forex Charting Methods

Remember all of those charts and graphs you had to learn during high school? Once you start trading Forex, all of that knowledge is finally going to come in handy. One of the basic principles in being a successful Forex trader is learning how to read charts and graphs and than applying what you learn from them into a trading strategy that will earn you profits. I bet you are wishing you paid more attention in math class now.

Learning how to read charts is really not that hard once you know what it is you are looking at. Luckily with Forex you can choose to read charts that give you averages over a specified amount of time. This simplifies the chart and eliminates much of the quick fluctuations, giving you a clearer picture of the way in which the currency is moving.

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Market Movers Episode #20: Questions for every trader, crashing oil, state of the UK and global gloom

Market Movers Episode #20: Questions for every trader, crashing oil, state of the UK and global gloom

The markets are storming and we cover it all: from the still strong economy of the UK  through the big tumble in oil prices and finally with a wide coverage of everything causing the global gloom in stocks, bonds and currencies. We big begin with a few more questions that each trader should ask. Welcome to

How to Correctly Mark Forex Support and Resistance

How to Correctly Mark Forex Support and Resistance

Understanding levels of support and resistance may be the single most important aspect of your technical analysis as a Forex trader, and should ALWAYS be factored in before making any trading decision.  There are two different steps to using support and resistance levels (a.k.a., S/R levels) that you must understand before you can successfully use

Market Movers Episode #18: Questions for every trader and a preview for October’s big events

Market Movers Episode #18: Questions for every trader and a preview for October’s big events

Are you really prepared to trade? We ask some questions you should ask yourself as well, before diving into the big events of October, which is a very promising month, especially on the background of September’s turmoil. Welcome to a new episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of

Multi-Strategy Portfolio: Protection for the Aug/Sep Trader

Multi-Strategy Portfolio: Protection for the Aug/Sep Trader

Strategies from trading books or FX trading seminars often advocate one strategy as the holy grail, backed by years of research. Even with forex expert advisors, automated traders mostly trade just one robot, albeit across currency pairs. While this can be profitable over the long term, it does not protect you from near term drawdowns from changing

Forex Crunch Key Metrics September 2014 – Volatility is back

Forex Crunch Key Metrics September 2014 – Volatility is back

The month of September saw a complete turnaround in site metrics. The surge in volatility resulted in the best month ever for Forex Crunch. Thanks to the Scottish Referendum, the ECB’s measures and the dollar rally among other events, the interest in forex trading and Forex Crunch has certainly risen. The improvement is seen not only in

Market Movers Episode #17: Contango vs. Backwardation, Scottish reverberations and key US data

Market Movers Episode #17: Contango vs. Backwardation, Scottish reverberations and key US data

Do the terms Contango and Backwardation sound Greek to you? Well, they do have an impact on oil prices and we’re here to explain. We then wrap up the Scottish referendum with its future implications and prepare for the important US events this week and next. Welcome to a new episode of Market Movers, presented by

How to Use Parabolic SAR in Forex

How to Use Parabolic SAR in Forex

One of the most common strategies in forex trading is to follow trends. However, it is often difficult to know exactly when a trend has begun and – equally importantly – when it is about to come to an end. However, there are a number of indicators which can detect when trends may be about

12 Questions to Answer Before Your Next Trade

12 Questions to Answer Before Your Next Trade

If you have been trading forex for a long time, take a moment’s rest to think about how you could improve and ask yourself these 12 questions. If you’re new to the markets, try answering the questions before you begin on your journey: 1. Do you have the time required to trade? How busy is

Hammering out the Hangman: A Beginners Look into Candlestick Reading

Hammering out the Hangman: A Beginners Look into Candlestick Reading

In the beginning of trying to understand the complexities of Forex trading, a new investor is going to be inundated with charts of every shape, size and time frame. All of these are designed to help a trader track trends and identify good starting positions. One of the most helpful for its depth of information