Forex Education

Home Forex Forex Education Page 3
This section holds our Forex Educational library: Our trading library consists of a collection of the most excellent educational articles written by our top market experts. It is primarily focused on those subscribers who aim at initiating or consolidating a professional trading career; that is, for people who take trading seriously. It is our mission to continually enrich our library over time, as well to cover all sorts of useful topics, from foundational to the most advanced ones. We have separate sections for Advanced Forex Education, beginners Forex Education, A daily Forex Topic and a Complete Forex Course.

Negotiation Strategies on Arrow Indicators

Arrow indicators are a set of tools for the "lazy" traders. On Forex charts, possible market entry points are indicated with arrows, green means...

Candlestick Reversal Patterns III: Understanding the Harami

So far, the reversal formations we saw - the Piercing Pattern, the Dark Cloud Cover, and the Engulfing patterns, were strong reversal signals, showing that the bulls or bears had the control. The Harami is usually a less powerful signal.
Bearish Butterfly Pattern against 180-degree Square of 9 angle.

Harmonic Patterns – Start Here

Harmonic Patterns – Start Here Harmonic Patterns are an advanced form of analysis and require more than a basic understanding of the technical analysis of financial markets. For those of

The Lifestyle of Forex Traders

What is like to be a professional forex trader? Not long ago, we had an interview with a high-profile forex trader named Arnold, he was speaking about the motives and transitions he was going through, why he became a trader and how that decision affected his life. When we asked him how he discovered forex, he said that in his mid-twenties he worked as an assistant manager at Abercrombie & Fitch store in London, drinking around with his lads, and always struggling to support his living. One day on his way back home, he was in the metro sitting next to the nifty guy and noticed him playing some strange video game on his mobile phone. He was curious so he politely asked a guy about the game.

Fundamentals Of Trading The GBP/AUD Currency Pair

Introduction GBPAUD is an abbreviation for the Great Britain pound and the Australian dollar. This cross currency pair is widely traded with high volume in...

20 Quick Answers to Common Forex Trading Questions

Without a doubt, the topic of Forex trading brings with it many questions. There are questions related to strategies, brokers, fund management, and much...

Candlestick Trading Patterns II – Everything you need to know about...

This article is to be dedicated to single candlestick key figures. The majority of patterns are created by more than one candle, but some particular candlestick shapes are key figures to gauge the market sentiment and spot reversals.

The Best YouTube Channels for Forex Traders to Follow

Traders can get information about forex trading from a variety of sources, including articles, eBooks, audiobooks, and paper novels, training courses, webinars, seminars, videos,...

The 5-0 Harmonic Pattern

Harmonic Pattern Example: Bearish 5-0 Harmonic Pattern The 5-0 Harmonic Pattern Like the Shark Pattern, the 5-0 pattern is a relatively new pattern discovered by the great Scott Carney. Carney

21. Who Are The Forex Market Movers?

Introduction In the previous lesson, we discussed how the forex market is structured. Now, it is time to take this topic a little deeper. In this article, let's understand the

‘Set and Forget’ Tailor Made for H1 Breakout Trading

In today’s article, we are going to demonstrate an example of H1 breakout strategy. It is a typical example of the rule ‘Set and...

Price Action Trading: Entries to Take and Entries to Skip

In today’s price action trading lesson, we are going to demonstrate an example of a chart that offers multiple entries. We try to spot out entry/entries that we may skip and the entry/entries we may take. We try to find out the reasons behind that as well. Let us get started.

Monte Carlo Simulation Testing in Forex Trading

As a trader, when you need to calculate the risk or consistency of your trading system you need to test your trading systems. The...

Ichimoku – The Two Clouds Discovery

The Two Clouds Discovery In Manesh Patel’s book, Trading with Ichimoku Cloud – The Essential Guide to Ichimoku Kinko Hyo Technical Analysis, he made a fantastic discovery. When I first

Even a Combination of Double Top and Engulfing Fails

Double Top/Double Bottom is one of the most robust patterns that price action traders wait to take entries. When the price is rejected twice at a resistance level, it forms

The USDJPY and its 3-Year Triangle

The triangle is one of the three basic corrective patterns along with the Flat structure, with more variations within Elliott’s Wave Theory. In this educational article, we will review the

Classic Quotes Relevant to Forex Traders

Often when we think about certain quotes in relation to forex and trading, we are thinking of ones that are solely from those that...

The H4-H1, an Action-Packed Combination

In today’s lesson, we are going to demonstrate an example of the H4 and the H1 chart combination for taking entries. Both are intraday charts. A large number of traders

Significance of Breakout Confirmation or Reversal at Pullback

Breakout trading is one of the most widely used trading strategies in the Forex market. Breakout confirmation is equally important. Without breakout confirmation, a breakout may not work in favor of the traders in many cases. Thus, if we want to have a tremendous rate of winning, we may wait for breakout confirmation or reversal at pullback before taking entry. In today’s lesson, we are going to demonstrate an example of this.

The Active Trader Pro Forex Platform

Active Trader Pro is a trading platform that is available through the broker Fidelity Investments. The platform is marketed as being an innovative option...

How Many FX Currency Pairs Should We Trade?

Last month a private symposium was held in Las Vegas, Nevada, sponsored by a narrow circle of international forex traders. The event hosted more...

2 – Preface To The Forex Market

Introduction Forex AKA Foreign exchange is the largest market in the world where all the global currencies are traded. It can also be considered as a place where individuals, companies

Overview of the TradeStation Forex Trading Platform

With many popular trading platform markets on the market, like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Trade Station brings its own creation to...

Currency Strength Meter Indicators: What You Need to Know

When you go ahead and type into the Google Currency Strength Meter, believe it or not, you will see that this tool gets over...

What Should You Know Before Trading The GBP/CHF Currency Pair?

Introduction GBPCHF is the abbreviation for the Great Britain pound and the Swiss franc. Since USD is not involved in this pair, it is called...

Chart Patterns: Broadening Patterns

Chart Patterns – Broadening Pattern & The Diamond Pattern

Advanced Elliott Wave Principle Concepts Guide

We have finished the section that covers advanced concepts of the Elliott Wave Principle. These concepts are unfolded, including the following aspects.

Masteting Stop-Loss setting: How about using Kase Dev-Stops?

The stop-loss setting is a crucial component to the long-term success of a forex and crypto trader. The market forces cannot be adapted to the wishes of traders. Successful traders

How to Analyze a Fast Market Using the Elliott Wave Principle...

In our previous article, we introduced the concept of "fast market." Also, we commented about the importance of watching the big-picture to support the market's general overview. In this educational

Can Trend Lines Alone Be Used to Make Trade Decisions?

Trend lines are simply lines that are drawn on a chart that when analyzed will give you as a trader an idea of the...

An Inverted Hammer at a Double Bottom

The Double Bottom is a pattern, where the buyers eagerly wait to get a bullish reversal candle at. Typically, a Bullish Engulfing Candle, a Bullish Pin Bar,  a Bullish Truck

The Deep Crab Pattern

Harmonic Pattern Example: Bearish Deep Crab The Deep Crab Pattern     The Deep Crab is a variant of the regular Crab pattern. It is still a 5-point extension, and it still

Chart Patterns: Start Here

Chart Patterns: Start Here

Overview of the cTrader Forex Trading Platform

cTrader is a popular online trading platform that was developed by Spotware, it was released in 2010 and is a popular choice amongst online...

How To Construct and Write Up Forex Trading Plans

A good winning Forex trading plan should become the start for any path to becoming a consistently profitable trader. Unfortunately, some traders don’t write...

The Daily-H4 Combination Trading: Do Not Only Look for Reversal Candle

The daily–H4 combination traders are to wait for the daily chart to produce a reversal candle first to look for entry. Once the chart produces a daily reversal candle, traders are to flip over to the H4 chart; wait for consolidation and an H4 reversal candle to trigger an entry. We must not forget that if the daily chart is trending, the daily-H4 combination trading strategy may offer entry as well. In today’s lesson, we are going to demonstrate an example of that.

How to Measure Your Trading Strategy with “R Square”

Chances are if this is the first time you’ve heard that square R, you have no idea what exactly I mean or where the...

The Bat Pattern

Harmonic Pattern Example: Bearish Bat The Bat Pattern The Bat Pattern is another harmonic pattern that was not identified by Gartley, but instead by the great Scott M. Carney -

Bitcoin Vs. Gold: Which is the Better Investment?

Traditionally, gold is considered a protective asset in which money flows when problems arise in stock and currency markets. This can be seen very...

Overview of the ThinkorSwim Trading Platform

The ThinkorSwim trading platform was launched by TD Ameritrade to provide traders with essential trading tools through their browser, desktop, or mobile devices. If...