Category Archives: Forex Blog
7 MINS READ
Few concepts in financial markets are as commonly used and effective as support and resistance (S/R) levels. By now, I am sure you know what S/R levels are, and I will not insult you by defining what they are, as if to amateurs. You came here to be a...
7 MINS READ
Long-term trends generate the most profits, and everyone knows this. The problem is that you can’t always get in on the trend at the beginning, but that doesn’t mean you still can’t make the best out of the remaining trend. To do so...
5 MINS READ
We have seen before how one can use the Fibonacci retracement tool in their trading, but that was just as a tool rather than an actual trading strategy (Using the Fibonacci retracement). The same principles of the Fibonacci retracement can be pushed ...
8 MINS READ
Among other very useful tools in Forex trading are trendlines, which are also very common and, thus, very effective. A trendline is, by definition, just a line drawn to visually represent the trend in the markets. Yet, despite its simplicity, it can ...
8 MINS READ
This is yet another Forex strategy that relies upon the formation of patterns on the Forex trading platforms. Regardless of the platform you’re using, these patterns are bound to form at some point, and knowing them will give you an edge over o...
6 MINS READ
We’re not talking about the shampoo here, although this strategy draws some inspiration from the idea. The head and shoulder (H&S) pattern in financial markets is considered one of the most reliable chart patterns. Stock traders have used i...
6 MINS READ
Technical analysis is all about trying to make sense of the markets and trying to establish patterns, which can be used to predict future movement. There are many tools used in technical analysis to try and do just that, but other experts believe it ...
6 MINS READ
This trading system uses the principles created by Thomas DeMark on technical analysis. Thomas DeMark is a renowned trader well known for creating what is now referred to as the DeMark Indicators. Many prominent hedge fund managers and market researc...
9 MINS READ
Myfxbook is an invaluable online resource for Forex traders seeking market data and industry knowledge. While many websites offer information, Myfxbook provides unique value through its breadth and depth of features.As an established hub for traders,...
4 MINS READ
Gap trading is a common trading strategy that has been widely used in the stock markets. Because of the after-hours and pre-market trading sessions, gaps were a common phenomenon in the stock markets, but not so much with forex.Since the past few yea...
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