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Triangle Formations In Forex Trading (Part II)
The crowd psychology behind the descending triangles is that every time the currency price goes down to a certain level that forms the support there are buyers who want to hold that level stubbornly for their own reasons. Buyers thus push the price u...
Triangle Formations In Forex Trading (Part I)
Triangle formations appear relatively common in charts. Triangles are one of the best depictions of decreasing price volatility in the currency price charts. Through triangle formations you can ride on a potentially high momentum move that is likely ...
Decreased Volatility Breakout Strategy (Part II)
Aging Trend: This is the third stage of the trend and is the period of consolidation as the trend comes to maturity. As the momentum of the trend exhausts itself, volatility tends to decrease at this stage of the trend. This is the period where lot o...
Decreased Volatility Breakout Strategy (Part I)
Trading breakouts is one of the most popular ways of making pips from the forex market. Decreased volatility breakout is one of the subsets of breakout trading. While this strategy is similar to the strategy of trading breakouts, but it is specific t...
Do You Have The Forex Traders Mindset? (Part I)
Can you control your emotions? Can you behave like a robot? Certainly not! Human beings are emotional creatures. Our mind is capable of playing emotional tricks on us. It is often said that we are our own worst enemy. In forex trading, this is the ul...
Slippage In Forex Trading
You should know the problem of slippage and how to avoid it if you want to successfully trade the news. Slippage occurs when the price you intend to enter or exit the market is different from your actual transacted price. Currency prices tend to move...
News Straddling (Part I)
Traders around the world make a living by processing and translating information into money. The forex market is extremely sensitive to the flow of news related to it. Major short tern currency moves are almost always preceded by changes in fundament...
What is US Dollar Index?
The US Dollar Index is traded on the New York Board of Trade at Finex and at the Chicago Mercantile Exchange (CME). The US Dollar Index is used by traders to get the big picture of the overall trend of the dollar. It is widely quoted in the press and...
Forex Demo Account (Part I)
Almost every forex broker offers a free practice account to new clients. All you need to do is to sign up with any good forex broker. The best way for new traders to get a handle on what forex trading is all about is to open a practice account....
Rollovers & Currency Trading
Rollovers represent the intersection of interest rate markets and forex markets. When an open position from one value date or settlement date is rolled over to the next value date or settlement date, this is known as Rollover in currency trading. Rol...
Know These Trading Secrets
Trading is speculating. It is not investing. It is not the buy and hold strategy that was taught to you. Trading can be challenging. Trading is a risky business and requires active participation. Speculation is done in the hope of profiting from mark...
Types of Market Orders (Part III)
Stop loss execution policy in forex trading is somewhat different that in equity trading. Stop loss orders to sell are triggered if the broker bid price reaches your stop loss order rate. Suppose, your stop loss order to sell is 1.2830! The brokers l...
Different Types of Market Orders (Part I)
Just to remind you that forex markets are open 24 hours a day, five days a week. A market move is just likely to happen while you are asleep or in the shower as while you are sitting in front of your computer screen. Currency traders use market order...
How About Currency Trading? (Part II)
The most active traded crosses focus on the three non USD currencies (EUR, JPY and GBP). These crosses are known as the euro crosses, yen crosses and the sterling crosses. The most actively traded cross currency pairs are: EUR/CHF, EUR/GBP, EUR/JPY, ...
