Traders are constantly looking for a tool that will accurately indicate the time you need to enter into a
transaction to buy or sell. Regardless from the fact that all professional traders apply individual trading
strategies, that have been repeatedly proven, they are still constantly looking for simple methods to work
effectively on the Forex market.
The pending order strategy has gained big popularity among Forex traders. This situation was caused by the
high efficiency of such work tactic, which allows to reduce the psychological pressure on the market
participant and to open profitable positions in the situation of the sharp price changing.
As you know, every trade on the currency market is exposed to some level of risk. To reduce possible losses
and increase the profit, traders use some methods of the risk management.
Trading on Forex is a range of activities. Each trader should be able not just to know how to calculate the
profit, but to learn to stop on time, close the order and finish the trading. The minute of delay often can
cause the serious losses.
Only one indicator – Moving Average (MA) on closing, the period of which is equal to 40 is used during the
process of trading using "Chariot" strategy. Any currency pair, as well as all the timeframes, ranging from
an hour and up to a week will suit for this strategy. It is best for timeframe to be as big as possible.
Modern trader is not just a market fighter, first of all he is a serious analyst with diverse interests. And
there is nothing more important than information for the analyst. Professional traders are interested in
almost everything about the world economy: from the prices for...
The simplest definition of "flat" is a period of time when the price stays within the same range and almost
doesn't grow or decrease. Flat on Forex is a very dangerous period of time because...
Estimating of the currency rates is made in pairs, each of which depends on the different circumstances. So
it should be realized that there is a relationship and mutual dependence of the currency units.
Technical indicator RSI is considered to be one of the most common on the Forex market. It belongs to the
oscillators and is included to the standard package of trading platforms. This indicator has a single line
and is designed to determine the strength of the current trend, as well as its probable point of reversal.
RSI compares the absolute value of the price increase on the Forex currency pair over a certain time period
with a degree of its fall over the period. Results of calculations are...
The success of the trader depends on himself, whether he is ready to become successful or not. It should
always be remembered that there is no instant way to success in this world.
Nowadays, there are a lot of scripts developed for automatic Forex trading. They are very popular among
traders-beginners who are planning to get rich on Forex with their help. But when using trading robot, you
It is possible to trade Forex both manually and automatically. In the first case trader analyzes the market
situation and searches for felicitous moments to open trading positions by himself. The second option
There are a lot of signals in the trading strategy of Bill Williams which help trader to open successful
orders but the main of them are those which are shown by Fractals and Alligator indicators. They don't only
offer the places to set beneficial orders but also allow to learn fast...
The most important out of all the indicators created by Bill Williams is Awesome Oscillator (AO) integrated
into your trading terminal. Its goal is to determine the current momentum on the market ie its driving force
which is the 2nd measurement that helps to build a successful...
The concept of Bill Williams contains 5 measurements, the third of which is used to determine acceleration
or deceleration of the driving force. Awesome Oscillator allows trader to determine...