Forex Education
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.
Supply, Demand and Liquidity as Drivers of Prices
Markets are "places" where people and institutions exchange assets. It may be stock shares, commodities, grain, livestock, or currencies, but all markets behave similarly. Buyers and sellers look for the
The Truth About Moving Averages
Moving Averages
Of all the technical indicators that exist, moving averages are probably the most well known. Moving averages are also one of the only technical indicators ever used by
3 – Reading & Understanding The Currency Pairs
Introduction
From the previous lesson, we know that global currencies are traded in the Forex market. These currencies are exchanged in pairs. We also understood what Major, Minor, and Exotic
An Overview Of The Forex Trading Industry
Introduction
Some of the most relevant markets include the Stock market, Futures market, Options market, and Foreign Exchange market. All these markets provide vast trading opportunities, and out of these
Let’s Trade Divergences!
Trading with Divergences
Almost all forms of technical analysis involve the use of lagging indicators - or lagging analysis. There are very few indicators that use any type of leading
Trading the Elliott Wave Principle – Part 3
The zig-zag pattern is a corrective Elliott Wave structure developed by a 5-3-5 internal sequence. In this educational article, we will unfold two guidelines to trade this pattern.
Looking at
Support and Resistance
Support and Resistance
One of the fundamentals of Technical Analysis is the theory and methodology of support and resistance. In a odd turn of events, some of the most advanced
Bollinger Bands
Bollinger Bands
Bollinger Bands are a type of volatility oscillator created by the great technical analyst John Bollinger. If this is your first time seeing this indicator, it probably looks
Moving Average Strategies: Three Simple Moving Averages Part 2
In the article “Moving Average Strategies: Three Simple Moving Averages Part 1”, we have come to know how three simple moving averages on a chart help us detect a trend.
How to Properly Interpret Volume
Volume
Historically, and this is especially true in traditional equity markets, volume is often the most important indicator out there. Some people argue that volume is not overly reliable in
MACD – Moving Average Convergence Divergence
The MACD
Fig 1- Chart with MACD. Click on it to enlarge
The Moving Average Convergence Divergence (MACD) is probably one of the most popular and well-known oscillator indicators in
Moving Average Strategies: Three Simple Moving Averages Part 1
Moving Average (MA) is the most widely used indicator which has long been used by the traders in the financial markets. It is a trend detecting indicator. Since detecting trends
How Be Sure your Trading Strategy is a Winner?
To evaluate, the quality of a strategy is an old quest, and its answer has to do with gambling theory, although it can apply to any process in which the
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
Corrective Waves Construction – Part 5
Elliott defined a complex corrective wave as the combination of two or three simple corrective structures. In this educational article, we will review the main characteristics of this group of
Corrective Waves Construction – Part 4
The third basic corrective formation is the triangle. This pattern follows a 3-3-3-3-3 sequence. In this educational article, we will unfold the main characteristics of this Elliott Wave pattern.
The
Corrective Waves Construction – Part 3
The second basic corrective formation is the Flat Pattern. Although this structure has three waves, it is different from the zig-zag. In this article, we will describe the structure of
Corrective Waves Construction – Part 2
R.N. Elliott, in his work "The Wave Principle" described the zig-zag structure as a corrective pattern. In this educational article, we will unfold the zig-zag formation.
The basics
The zig-zag
Corrective Waves Construction – Part 1
Corrections are formations that occur after each impulse. As we have seen before, corrective waves have three segments. In this article, we will see the main characteristics of the corrective
Ideas that can be Blended with Candlestick to Trigger Entries-Part4
In this article, we are going to demonstrate how a Morning Star offered us an entry. We know Morning Star is a strong bullish reversal candle, which is a combination
Ideas that can be Blended with Candlestick to Trigger Entries-Part 3
In Part 2, we learned how important a breakout is for taking an entry. Even the strongest reversal candle itself is not enough to create a new trend. In this
Trading the Elliott Wave Principle – Part 2
Wave five is the last movement in the direction of the trend. In this educational article, we will review two ways to trade the fifth wave.
Trend following
The first
Impulsive Waves Construction – Part 4
A diagonal is an impulsive pattern, but it is not an impulse. That is because Diagonals have the characteristics of corrective waves. In this article, we will explain the aspects
Elliott Wave Theory and Fibonacci
Leonardo da Pisa developed the Fibonacci sequence in the thirteen century. The series starts like this: 1-1-2-3-5-8, and so on. Elliott, in his work "Nature's Law," said Fibonacci provides
Trading the Elliott Wave Principle – Part 1
The Elliott Wave Principle allows us to identify the primary trend and its correction. Also, it permits to recognize the maturity of the market, to determine price targets, and to
Ideas that can be Blended with Candlestick to Trigger Entries –...
Candlestick Patterns are widely used by traders to take entries and making money out of trading. We have come to know from Part 1 that relying on a candlestick formation
Introduction To The ‘Ultimate Forex Course’ By The Forex Academy!
At Forex Academy, we give utmost importance to education. To be successful, you need to learn before you Earn. So for that same purpose, we have designed a proprietory
Ideas that can be Blended with Candlestick to Trigger Entries-Part 1
Candlesticks are considered one of the strongest components to take an entry. However, this is not the only thing that a trader shall consider before taking an entry. An Engulfing
Impulsive Waves Construction – Part 3
An extension is an essential feature of an impulsive movement. In this article, we will see what the characteristic of this type of movement is.
Extensions
An extension is a
Basic Math Skills Traders Needs – Average and Chevyshev’s Inequality Explained!
Most of the people wanting to profit from the Financial Markets think that the secret to success lies in knowing the price turns to start a new trend and also
Impulsive Waves Construction – Part 2
A useful tool for motive wave analysis is the use of channels. In this article, we will review how to use channels to identify motive waves.
Channeling process
A channel
Impulsive Waves Construction – Part 1
Previously we presented an ideal model of motive waves; however, the real market is not exactly perfect. In this educational article, we will develop the principles of impulsive waves.
The
Morning Star: A Strong Bullish Reversal Candlestick Pattern
The Morning Star is a bullish reversal pattern that occurs at the bottom of a downtrend. A Morning Star is a combination of three candlesticks: The first candle shows the
Planning your First Wave Analysis – Part 2
In a previous post, we talked about the ideal structure of an impulsive and corrective wave. Also, we discuss the starting point of the study of a market. In this
Hidden Wisdom Behind Range Measures
People coming to the Forex markets usually learned new vocabulary. The first special words they learn maybe are, margin, profit, risk-reward, and candlestick. Perhaps, afterward, they learn new concepts such
Types of Bullish Candlesticks
In this article, we are going to get acquainted with some of the Bullish Candlesticks that the financial markets produce. Let’s get started.
Bullish Trackrail
Bullish Trackrail candlestick indicates
Planning the First Wave Analysis – Part 1
Before to start to analyze any market, it's necessary to set-up the chart earlier to begin to identify motive and corrective waves. In this article, we will learn how to
Three Facts about Candlesticks you Never Knew About
Candlesticks are great because it makes trends visual at first glance. But most candlestick users stay just with that trait and don't go more in-depth.
Of course, everybody knows some
Fundamentals of Elliott Wave Theory – Part 3
Until now, we have defined two kinds of waves, motive and corrective. In this article, we will introduce the concept of "degree," which will help us in the process
Candlestick Charts and Its Advantages in Financial Trading
With the advancement of technology, retail trading in the financial markets has become popular among investors. Since unnumbered traders from all over the world invest in the financial markets, they
Dissection of a Candlestick
A candlestick is a type of price that financial markets’ charts use to display the high, low, opening, and closing prices for a particular period. It is the most commonly
Five Great Things you’ve Never Heard about Bollinger Bands
Everybody knows Bollinger Bands, that kind of rivery thing surrounding prices. But almost nobody knows what to do with them. Maybe we can help a bit with that.
1
Two Mistakes Novice Traders Should Avoid
On this article we are going to discuss two mistakes novice traders should avoid to succeed in the financial markets. Reading a book about trading or a strategy article on
Fundamentals of Elliott Wave Theory – Part 2
Waves develop in two classes, impulses and corrections. Impulsive movements are characterized by having a five-wave structure. Corrective waves, on the other hand, growth creating a three-wave structure. In this
Fundamentals of Elliott Wave Theory – Part 1
Ralph Nelson Elliott developed the Wave Theory in the 1930s. Elliott discovered that prices followed a sequence of repetitive patterns in form, but not in time and amplitude. He called
Harmonic price levels based on Music Theory
One of the most mind-boggling books regarding technical analysis and W.D. Gann was Tony Plummer's book, The Law of Vibration - The Revelation of William D. Gann. It is easily
Divergence between Gasoline and Crude Oil
A divergence between Gasoline and Crude Oil
Gasoline and Crude Oil are two energy commodities highly correlated. In the current session, Gasoline is moving
Forex And The Importance Of Education
The Importance of Forex Trading Education
This is a growing market with an average daily turnover of US$5.3 trillion! That’s around £4 trillion. So who is taking advantage of this
The Importance of Mastering Trading Psychology
Introduction
We as traders tend to learn the technical stuff and focus our attention on improving our technical analysis. Which is ok, but often, learning trading psychology is neglected. And
Organisation of the European Central Bank
Globalisation has led to an integration of the various aspects of people's lives from consumer habits to cultural aspects. The economy has not been indifferent to this phenomenon and the
