FOREX Trading

Intermediate

Now, let’s learn about some more interesting patterns when it comes to candlesticks – and patterns that could help you learn more about what’s happening, and as you can probably guess – the more you know, the more money you can make.

Spinning Top:

A spinning top is a Jap...

We talked briefly about Japanese candlesticks before, but there is a lot more to learn.  Let’s look closer at them, and why they can be so informative and helpful. You see, before anime and sushi became worldwide sensations – the Japanese had created their own technica...

Okay, so you understand the concepts, and you drew some pretty pictures, but how are you supposed to make money off of this?  Good.  Let’s get straight to the point and explore that.

Here are two very simple ideas to understand, just to make things easy.  These two...

What channels are you used to?  Do you watch sports or entertainment?  Maybe you are trading forex hoping to upgrade your entertainment system so that you can watch even more channels!  Good for you, but we aren’t talking about those kinds of channels at all.  Sorry....

Now, everybody agrees that support and resistance exists.  The bottom line is that this is how price action works – a price might consolidate and hold around a certain price, where the market knows that it is secure, and it also could move up rapidly but never move pas...

There are three of the most popular forex charts, and they are used in other markets as well, even for stocks.  Here they are: 

  • Candlestick chart

  • Bar chart

  • Line chart

Let’s explain each chart so you can understand them better.

Line Charts:

Example of...

You might be sitting here thinking, “Okay, I get it, but which is the BEST?  Which analysis will make me the most money!  I just want to be rich!”  Slow down there, buddy.  

First off, you will find people that will SWEAR by their analysis.  They mig...

Now, we know that price, in theory, reflects all of the available data and market information.  But if this was 100% true, how would there be a market?  If this was the case, wouldn’t every trader believe that a currency should behave a certain way?  Of course, prices...

Fundamental analysis is when traders examine the social, economic, and political forces, trends, and patterns that might affect the market, that would perhaps affect the supply and demand of a particular asset.

We all know the concept of “supply and demand”, and how it...

You’ve probably heard the term that “history repeats itself”, and with good reason.  It doesn’t matter whether we are talking about society, politics, governments, religion – there is a good chance that whatever goes on today that makes the headlines, there is some kin...

So, you’ve been learning a lot.  You’ve heard about the history of forex, how prices are affected, how the different sessions work, and more.

This is all very important to trading, and necessary knowledge to have.  But let me ask you something – are you getting tired of...

Please reload