Simple Forex Strategy

Simple Forex Strategy

The forex market is a huge market with plenty of trading opportunities. Oftentimes traders look for simple yet effective trading approaches to trade forex online. There are a lot of forex trading strategies to choose from, but what are some of the simplest trading strategies? Here’s a list of four simple forex strategies. 1. Breakout Trading Breakout trading is one of the simple forex trading strategies for beginners and professional traders. It is quite easy to follow. All a trader needs to do is to follow the direction of the trend and monitor highs and lows. When the breakout occurs, …READ MORE

Moving Average Crossover Strategy

Moving Average Crossover Strategy

The moving average (MA) is a type of technical analysis that filters out price data by creating an updated average price. The average is measured on a certain period, like one year, 20 days, or one week. It depends on the choice of a trader. Moving average strategies are also popular among traders as they are helpful for both short-term and long-term traders. What Moving Averages tell us? A moving average helps in filtering market noises. By looking at the moving average direction, a trader can determine the movement of the price. If the MA is upwards, the price is …READ MORE

Forex Trendline Strategy

Forex Trendline Strategy

The trendline is a line that is drawn on the chart between two different prices. The prices are connected at the top, bottom, and/or middle to form a line in either an up direction, down direction or flat direction. What is the forex trendline strategy? Trendlines are one of the forms of technical analysis that can be used to filter out potential trading opportunities. There are many technical indicators that use trendlines for their calculations, and some even display trendlines on the chart. The basis of the trendline strategy is to ride the trend. This means traders would look to …READ MORE

Forex Strategy for Beginners

Forex Strategy for Beginners

The Forex market is the largest financial market in terms of trading volume, so there are a lot of trading strategies. But what are some of the best forex strategies for beginners? Here’s a list of six of the best forex trading strategies for beginners: 1. Trend-following Trend-following is one of the easiest strategies that many beginners start with. It requires traders to trade in the direction of the trend. Once a trader identifies the trend’s direction, he/she would look to open positions depending on the trend’s direction. A key point to remember here is that market trends can be …READ MORE

What Is Trading The Gap

Trading the Gap

The price gap is a region on a chart where no trading activity takes place. These gaps can be identified when using bar or candlestick charts. Gaps will usually open above or below the price it closed at. Trying to take advantage of this difference between prices is know as trading the gap. What are the Gaps? Price gaps appear because of various fundamental or technical factors. For example, if a company’s profits are skyrocketing, the company’s stock may produce trading gaps the next day. In other words, the stock price opened higher than the closing price, thereby producing a …READ MORE