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 Are Forex Robots & Do They Work?

what are forex robots and do they work

What are forex robots? Forex robots are trading systems that run automatically according to a built-in trading algorithm. They can analyse different currency pairs on the forex market for potential trading signals and then place trades on behalf of the user when they find a trade that meets the robot’s criteria. The robot can also manage trades, placing stop losses, take profits, trailing stops, break-evens and close the trade on behalf of the user. There are thousands of free and paid forex robots available online. You can download from various sources such as blogs, forums, commercial sites, brokers and more. …READ MORE

What Is The Rounding Bottom Pattern & How To Trade With It

Rounding Bottom Pattern

The Rounding Bottom is a chart pattern that identifies a series of price movements. These price fluctuations appear like an alphabet U. What is the Rounding Bottom pattern? As its name suggests, Rounding Bottoms is a kind of slope that occurs after a long downtrend. The Rounding Bottoms mention that the price is about to reverse. Usually, traders look for the pattern on a weekly or a monthly chart; however, Rounding Bottoms rarely emerge on the chart. The Rounding Bottom signifies that there is a strong supply, making the price decline. After this, the upward movement happens only when the …READ MORE

What Is The Fractal Adaptive Moving Average & How To Trade With It

Fractal Adaptive Moving Averages

The Fractal Adaptive Moving Average or better known as FRAMA, is a technical indicator developed by John Ehlers. The indicator is based on the algorithm that utilizes EMA (exponential moving average) and prevailing price fractals. What is the Fractal Adaptive Moving Average? According to John Ehlers, that market prices are fractal. Fractals are intricate patterns that create continuous shapes. Fractal shapes are almost similar. This means they have similar characteristics. This definition is based on a mathematical principle. John Ehlers stated that if a certain pattern is removed from charts like a 5-minute or a daily chart, a trader may …READ MORE

What Is The Volatility Index & How To Trade With It

Volatility Index

The Volatility Index, or VIX, is a market index that represents the market’s volatility of the next 30 days. It was created by CBOE (Chicago board options exchange) in 1993 for the S&P 500 Index. Since then, the VIX is commonly used as a gauge of U.S. equity market volatility. The VIX provides a measure of market risk and traders’ sentiments. It is also called “Fear Gauge” or “Fear Index.” What is the Volatility Index? Volatility is the measurement of price movements that asset experiences over a certain period. The stronger the price fluctuations, the higher the volatility of an …READ MORE