Forex blog
For you to succeed in trading Forex, you will a profitable trading strategy. A trading strategy is simply a set of rules that stipulate when you should place a certain order and also when you should close the order. Forex trading doesn’t just mean placing buy and sell orders any time you feel like. For …
Automated trading systems are becoming more common among Forex traders. Automated trading simply means the use of a programmed set of rules that helps in identifying the entry points and exit points of both types of trades. The program does all the job and the trader only chooses when the program will trade by switching …
The moving average is one of the most commonly used technical trading indicator in doing technical analysis. It is mostly denoted as MA. Moving average is used to determine the market trend. The moving average normally calculated the averages of the prices within a specific period ‘X’ in the past market movements. ‘X’ period is …
Financial news releases cause the markets to be very volatile. Whenever a very important news release is mad the markets will tend to make extraordinary movements. If caught on the wrong foot during news releases, then you will be in for a rude shock. The markets can move with over 150 pips within seconds and …
There are three type of currency pairs: the majors, the minors, and the exotic. The majors These are currency pairs with the USD dollar as one of the currencies in the pair. The US dollar is the most commonly used currency in the world and currency pairs which include the USD are known to have …