Why Trading Forex is Like Learning a New Foreign Language When I started my career in forex trading, I was thrust into a NY bank dealing room. I was given six months to learn how to trade...
A short guide to technical analysis GLOSSARY OF FORMATIONS AND METHODS Introduction Technical analysis has been very widely used in the last 40 years to forecast future price changes in all kinds of markets. There have...
Forex Trading Glossary Q-R Quote A price quote that includes a bid and ask (offer) price. Quote Currency (Pricing Currency) The second currency in a currency pair. The quote currency is used to price the...
How to Use the MACD Indicator to Verify a Trend Spotting the beginning of a trend is the dream of all traders. The reason is that there is nothing to be gained if you are not adept...
How to Use Leading Indicators (Oscillators) to Identify Trend Reversals “The End is Near!” is not just a saying for someone on the street who wants you to believe that the end of the world is upon...
8 Forex Trading Tips for a Lower Volatility Market It seems that it was not that long ago the the forex market was characterized by higher volatility, with average daily ranges exceeding 1% of the spot price....
Beware: Divergences are Not a Trade Signal (nor an Exact Science) One thing that you cannot afford to get mixed up is this: Divergences are an indicator NOT a trade signal. It would be a bad idea...
The 10 Commandments of Trading Divergences Divergences are what traders use when they are trying to spot a trend that is getting weaker. They want to see a trend that is getting weaker because they may believe...
How NOT to Get in Too Early Trading Divergences You may have your finger on the button ready to place a trade the moment that you believe you see a trading divergence appear on your screen. While...
Let me state from the outset that the forex market is one of limits. It’s a fickle market more prone to intra-day reversals than breakouts and sustained moves. This is why I look at the forex market...
How to Trade Divergences Knowing what divergences are and knowing how to trade them profitably are two different things. You should put forth your best effort to trade divergences in a way that will be fruitful...
The 2 Types of Hidden Divergence in Trading It seems pretty reasonable to think about regular divergences as something to look out for in the Forex market, but what is the deal with hidden divergences? Trend...