5 MINS READ|June 17, 2017
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|June 9, 2017
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|June 7, 2017
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 other b...
6 MINS READ|June 2, 2017
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 it for deca...
6 MINS READ|May 31, 2017
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|April 25, 2017
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...
8 MINS READ|April 6, 2017
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|March 28, 2017
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 ye...
6 MINS READ|March 27, 2017
Corrective waves simply refer to changes in the dominant trend that appear to go opposite to the direction of the trend. They can occur anywhere, which is why all real-time Forex charts appear rugged with up-and-down movements, even though market ana...
8 MINS READ|March 13, 2017
Expert advisors are among the most innovative features offered through Forex trading platforms, and they can have enormous benefits for the user. If you have never used one before and still don’t know how to launch one onto your trading platform, the...
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