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Find Out All About Forex Trading
Learning to TradeIt’s axiomatic within the forex trading market that, once broken, support tends to become resistance. What isn’t as clear is why this phenomenon occurs.
(This article, for the sake of simplicity, will deal with the question asked in the title. It can simply be assumed that the opposite, resistance becoming support, works in the same manner.)
Examine [...]
Fundamental analysis is the study of a nation’s economic data with an eye toward setting a value on its currency relative to those of other nations. For example, with the United States hovering on the cliff of a recession and its national debt deepening, the forex trading market has decided that the USD is worth [...]
A moving average envelope, coupled with RSI, offers a powerful trading strategy for a breakout market.
A moving average is one of the most commonly employed technical indicators. It averages the price of a currency pair over a given period of time, with the calculated average “moving” as the earlier prices fall out of the dataset [...]
One of the outstanding features of trading the forex market is its liquidity. According to the latest Bank of International Settlements (BIS) triennial report, covering the period 2004–2007, that liquidity has reached monumental proportions, growing 71% in the last three years and reaching U.S. $3.2 trillion in average daily turnover this past April.
Forex market liquidity [...]
Pivot points are short-term, predictive (as opposed to lagging) indicators, which fact explains their popularity: it’s more profitable to learn where the market is heading rather than where it’s been.
Each day’s pivot points are calculated from the previous day’s price action, usually timed from midnight to midnight GMT, or based on the conclusion of the [...]
An introduction to Fibonacci trading
Leonardo Fibonacci (fi-bo-NA-chie) was an Italian mathematician of the thirteenth century. Among his many achievements was the introduction of the Hindu-Arabic numeric and decimal system, as used today throughout the world, to the European continent. He also first introduced an Indian numerical sequence to Europe, and this series of numbers today [...]
Knowledge is the most important weapon for attacking the forex market. With your free registration, Easy-Forex™ offers hands-on, real-time training with real money, so you get the real feel of the market from the beginning.
You can learn how to use the software platform by taking the Guided Tour. Just click on the icon on the [...]
