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.
Remember the Rule ‘Set and Forget’
In today’s lesson, we are going to demonstrate an example of H1 breakout trading. Usually, in this strategy, the price goes towards the direction with good momentum if things go accordingly. In this example, the breakout candle, breakout confirmation candle are immaculate, but it takes a long pause before it hits the target. It has a lesson to give us. Let us dig into this.
Introduction To Forex Course 3.0
Hola Readers! We have successfully completed the first two courses and received an amazing response for both of them. We can't thank you enough for that. Also, we hope these first two courses have helped you in understanding the most fundamentals basics of the Forex market. It is very important to know these basics in order to succeed in the Forex market. We have made a quick navigation guide for both the courses just for you to access the articles easily.
Candlestick Reversal Patterns I: Overview and The Piercing Pattern
Candlestick Reversal patterns: An Overview
Friday Trading May Need More Attention
The Forex market is open from Monday to Friday. Since Friday is the last day of the week, traders may need to look after their trade more. To be precise, they may need to close their intraday trades manually. In today’s lesson, we are going to demonstrate an example of this.
How to Start a Wave Analysis – Part 3
In our previous article about the preliminary wave analysis, we commented on the relation between price and time and distinguished the difference between directional and non-directional movement. In this educational post, we will extend new concepts to develop a wave analysis.
What Should You Know Before Trading The NZD/CAD Currency Pair
Introduction
NZDCAD is the abbreviation for the currency pair New Zealand dollar against the Canadian dollar. It is referred to as a cross-currency pair. Here,...
How to Start a Wave Analysis – Part 2
In the previous article, we presented the wave identification process starting with the segment as the basic unit of the price movement. In this educational article, we will introduce some rules to support the preliminary analysis.
The Trend on the Daily Chart Means a Lot
Most of the Forex trading platforms have charts from 1M to Month. It is a debatable issue to determine the best chart among them. All these charts have merits as well as demerits. However, the Daily Chart plays an important role as far as determining the trend is concerned in the Forex market. In today’s lesson, we are going to demonstrate an example of how long term trend on the daily chart may help us guess the price’s next direction.
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...
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: Flags and Pennants
Flags and Pennants
If you’ve ever traded a chart and you’ve seen what looks like a reversal in the trend, but as soon as you...
Chart Patterns: Descending Triangle
[caption id="attachment_57098" align="aligncenter" width="3338"] Descending Triangle[/caption]
Everything About EUR/CAD Currency Pair
Introduction
EURCAD is the abbreviation for the currency pair Euro area’s euro and the Canadian dollar. This is a cross-currency pair, as it does not...
Chart Patterns: Pullback and Throwbacks
The most common term people associate with retracements in price that retest prior areas of support or resistance is a pullback. There is another...
How to Start a Wave Analysis – Part 1
The wave analysis begins with a preliminary study of the basic patterns defined by the Elliott Wave Theory. In this educational article, we will view how to start to develop a wave analysis.
42. Analyzing the Forex Market – Technical Analysis
A way to analyze the markets other than fundamental analysis is technical analysis. In this lesson, we shall exactly understand what technical analysis is, and also the different techniques to analyze the market using technical analysis.
You’re still using Fibonacci Retracements Incorrectly
You’re still using Fibonacci retracements incorrectly
Like any discipline or field of study, Technical Analysis goes through changes. Old theories and approaches are rigorously utilized...
Don’t Only Rely on Your Initial Assumption, Dig into It
In today’s article, we are going to demonstrate an example of an entry, which is derived from the daily-H4 chart combination. It is a typical entry once we flip over to the H4 chart. Before flipping over to the H4 chart, there is a good lesson, which may help us in the future. Let us get started.
Significant Levels Must be Counted
Price action traders are to take entry and exit by determining support and resistance on the naked chart. Significant highs and lows are considered to draw support and resistance, which help traders find out stop loss, take profit as well as risk-reward. In today’s article, we are going to demonstrate an example of a level holding the price as support, where the price had a rejection earlier. Let us find out how we are to deal with such levels.
