A Beginners Guide To Forex Trading

A beginners guide to forex trading

When you are a beginner in forex trading, it can be wise to equip yourself with as much knowledge and understanding of what the forex market is, how the forex market works and how to trade forex online. Forex Market Introduction The forex market is by far the most popular of all financial markets and the largest in terms of daily trading volume compared to other markets. There is over $6.8 trillion in daily turnover, providing plenty of liquidity, flexibility and potential trading opportunities. Forex is short for “foreign exchange” which is the exchange of one country’s currency for the …READ MORE

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

Naked Forex Trading

Naked Forex Trading

Naked forex trading is defined as trading without the help of indicators. It can also be called price action trading. Naked trading can be considered a type of technical analysis because it is the only information a trader has at his/her disposal. What is the naked forex trading? The concept of naked trading is based on the current market situation. It does not rely on complicated indicators; rather, it focuses on the price in the present. The naked trading is all about what traders can see on the candlestick charts, and then make their trading decisions. Indicators are usually based on …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