As Forex traders we want to be selling in zones where there are sufficient sell orders to overwhelm the buyers. These selling zones are known by most traders as areas of resistance. Conversely we want to be buyers in zones where there are numerous buy orders, enough to overwhelm any selling ... Views:914
Fibonacci numbers are one of two important numerical series that have valid usefulness to Forex traders. The series is derived by adding the previous number to the present number to create the next. If we start at 1 and add zero we get 1. When we add 1 to 1 we get 2. 1 to 2 gives us 3 and so on. ... Views:994
Your broker usually provides your trading platform. Most commonly it is a software package called MetaTrader. It's widely used throughout the industry but not all traders are aware that their broker can see any notations and stop loss orders you may have placed.
This is potentially an issue ... Views:742
Financial markets have all the appearance of being totally random. First they chop one way then the other before taking off in the opposite direction to what you expect. It seems almost impossible to make any money by picking the turns so most traders resign themselves to following the ... Views:845
As any surfer will tell you, there is an exhilarating feeling of contentment when you catch a wave and ride it for all it is worth. Not so much when you fall off too soon or even worse miss it altogether. Forex traders will immediately recognize the analogy. There is a strong similarity to ... Views:886
One of the problems facing forex traders is that their broker is not necessarily their friend. There is a class of broker known as a market maker and you need to be wary of them. The market maker earns their money by a commission which is fair enough but also by taking the opposite side of your ... Views:1143