What Are Kagi Charts & How To Trade Them

Kagi Charts

The Kagi charts are a form of technical analysis that describes different price movements. It was developed in the 1870s by the Japanese to measure the supply and demand of rice prices. What are the Kagi charts? The structure of Kagi charts consists of a series of vertical lines. These lines depend on the asset’s price rather than time, like in bar or candlestick charts. In addition, these lines vary in size. Some are thick, and others are thin. These lines’ thickness and thinness are the most important factor of the Kagi charts, as they give trading signals. Thick lines …READ MORE

What Are Candlestick Charts & How To Trade Them

Candlestick Charts

Candlestick charts are a graphical representation of price patterns. A Japanese man Homa discovered candlesticks in the 1700s while studying the supply and demand of rice prices. Today they are commonly used for trading forex online. What are Candlestick charts? Candlestick charts measure traders’ emotions and present price moves. They contain various candles of different colors. A candle has a bar-like structure, and each candle on the charts varies in size. Generally, a bullish candle is blue or white, and the bearish candle is red or black. Traders can select colors according to their preferences on a trading platform. Just …READ MORE

Forex Market Hours & Trading Sessions

Forex Market Hours

One of the benefits of trading the forex market is it remains open 24 hours a day, 5 days a week. This allows financial institutions and individual traders to buy/sell currency pairs at any time. The market stays close on the weekends and holidays like Christmas and the New Year. Due to Earth’s multiple time zones, a trader sitting in Auckland can initiate a trade, whereas the American trader is still sleeping. And that’s how forex is a 24-hour market. Currency pairs behave differently in different market cycles. These cycles are known as forex trading sessions. These sessions determine the …READ MORE

Tips On How To Be A Successful Forex Trader

Forex Trading Tips

Whilst there are millions of traders all over the world from different backgrounds that engage in forex trading, there are only a very small percentage of traders that actually succeed in the forex market. It is a widely known fact that a large percentage of retail traders lose. In this article we will briefly touch upon some of the important things to consider if you are to make it as a forex trader. Practice forex trading It goes without saying that the more you practice something, the better you get at it. Do not expect to just fire up your …READ MORE

Introduction to Forex Trading

Introduction To Forex Trading

Forex trading is a popular way of investing online for traders of all different backgrounds and experience levels, from retail traders to institutional investors. The forex market is easily accessible to anyone around the world with an internet connection, trading platform and an account with a forex broker. What is the forex market? The foreign exchange (FX) market is the largest in the world in terms of trading volume which is worth trillions on a daily basis. In the forex market, participants trade currencies. Before online trading, the forex market was only accessible to big financial institutions, corporations, central banks, …READ MORE