Besides all the macroeconomic indicators and central banks’ press conferences or juicy speeches by theirs governors there is something that can affect the markets even more. It is powerful because usually is rather unpredictable and it strikes when you expect the least. Also, you do not know how much is going to last and how destructive can be. You are probably thinking which is the answer and some of you have might even guessed it. Geopolitical conflicts are that kind of force you do not want … [Read more...]
Forex Trading Strategies
A good winning trader is defined by the portfolio of forex strategies known and applied in different situations, considering that a single system is not enough to supply the right number of successful trades if you apply it all the time. Knowing how to apply and adapt to all the market conditions is a key factor and this requires a lot of study and strong economics understatement, so is not just about the strategy you use, it's a lot about education also.
In order to come forward to your educational needs, our team has collected numerous resources on trading, ranging from basic ones that involve key principles of indicators and trend lines, to more complex and well developed that use certain advanced indicators like Aiken combined with fundamental factors.
Our collection is available to all users who want to develop their skills and know-how, knowing that on the long run the difference is made by ambition and education. All the information posted is for educational purpose only, and every strategy can be interpreted in a different way by each trader, concepts like money management and risk must be evaluated at every step. Also, our analysts usually test a new forex strategy for 6-8 months on demonstration environment before entering live trades, we advise you to do the same.
To make our library more accessible depending on the level of knowledge we have sorted our forex trading strategies in categories:
An interesting fact is that one of the most intense trading sessions for EURUSD in terms of market volatility occurs on the day the European Central Bank has its official Press Conference. 100 pips movements are very usual on these occasions, so it will be very important to know how to make the most of it and take advantage of that huge volatility. This is why I am going to take it from scratch and explain how to approach the ECB Press Conference and how to adapt your trading strategies. … [Read more...]
In this article I will show you how to trade using a strategy which combines the candlestick patterns with the moving averages. For better understanding I would recommend you to read also: Candlesticks In Day To Day Trading Candlestick Patterns In Technical Analysis Trading Candlestick Patterns At Key Levels In the articles above I have introduced the candlestick chart and motivated why it is one of the most used type of charts. I have explained how candlesticks are formed and which … [Read more...]
In our past articles Candlesticks In Day To Day Trading and Candlestick Patterns In Technical Analysis we have introduced you in the world of the candlestick chart. You found out how to read this kind of chart, you learnt what the most important patterns are and which to trust more, thanks to the psychology from behind. In this article I will show you where to look for the candlestick patterns which have higher probability to signal a good trade. It is very important to know that such a … [Read more...]
Do you know why the Non-Farm Payrolls is one of the most important macro indicators, if not THE most important? Well, it has always been considered of a major importance, but in the last six years it has become the most expected publication of the month among investors. So, how did this happen? Shortly after Ben Bernanke became the chairman of the Federal Reserve, the financial crisis broke out and the Central Bank of the biggest economy of the world had to come up with some measures which … [Read more...]
In what concerns the candlestick chart we have established the basics in our previous article Candlesticks in Day to Day Trading. This type of chart offers information regarding the price action in a limited time frame like the opening price, the closing price but also the highs and lows. The body and shadows of a candle can be very important because their interpretation is different from case to case. You may have seen in our past articles that we used different types of candlestick patterns … [Read more...]
Did you know how important it is to know your market and how it reacts when an indicator or a piece of news is being reported? As an example from my experience as a trader, OIL WTI in over 50% of the situations when the crude oil stocks are being published for the first 15 fifteen minutes after the report being made public, the price will go rather in the opposite direction compared to what it would be expected from a fundamental point of view. I mean, if the supplies will come bigger than the … [Read more...]
The candlestick chart is one of the most used charts in trading nowadays. It is thought to have been developed in the 18th century by a Japanese rice trader Munhisa Homma. He discovered that by drawing the price movements as a “candlestick” he will have more information that can be used in trading. In time analysts and statisticians have discovered patterns which indicates with a certain probability a continuation or a reversal in the price action of a certain instrument. Let us see how a … [Read more...]
During my time spent as both an analyst and a trader I have come to understand what the hardest thing to do in trading is and why it is a huge number of traders that lose their money on the Forex market. Let us start by understanding what the Forex Market is. The name itself Forex comes from the Foreign Exchanges. It represents all the exchanges between currency rates from all over the world. It is done between banks and clients, between exchange houses and retailers, even the exchanges … [Read more...]
Forex scalping is a basic trading strategy based on short and quick transactions, due to bring results only if it is used repeatedly and on long term periods. It implies high volume trades, but with big impacts both on the profit and loss. To sum up, the main ideas from the Forex Scalping Complete Strategy Guide are: As a beginner, it is important to understand the main characteristics of scalping before using such a system. A newbie trader should know that is mandatory for him to use … [Read more...]
Scalping in trending market or in range? In old technical analysis theories, like Dow Theory, there are recognized only the up trends and the down trends and the sideways moves were considered just lines, or a smaller move in a bigger trend. In the new theories there are considered to be 3 types of trends: Uptrend and Down Trend (they make the trending market) and the Sideways Trend (range, sideways move, etc). For a scalper to find the answer for this question it is better to look in … [Read more...]
This article is another part of our beginner to advanced forex scalping guide, in which we would like to point out the most frequent and important questions for a scalper to know the answers. In time a lot of myths were created which made scalping look scary and hard to do. In fact you should look at scalping like it is just another way of trading but with some specific characteristics. In our opinion scalping is great for both experienced and novice traders. If mastered correctly such a … [Read more...]