The Inside Bar Chart Pattern
To become successful in trading the Forex market, a good knowledge of chart patterns is useful. Today we will examine the inside bar and what it can mean.
An inside bar is easy to identify, it is simply a bar where:
- The high is lower than the previous bars high.
- The low is higher than the previous bars [...]
Identifying Changes in Trend
In your quest to become a successful Forex trader you will need to develop an ability to detect a change in trend. Some common methods of finding important issues in the market that may effect the market you are trading in, include:
Read more »Chart Patterns: The Wedge Formation
Forex charting involves the identification of common chart patterns. Today we will introduce you to the wedge formation.
A wedge formation is similar to an ascending or descending triangle. A wedge is formed when both the angled sides of the triangle are sloping against the dominant trend in a market.
Forex Basics: Entry Orders
There are different types of orders that can be used in Forex trading. The most common are:
- Market Orders
- Entry Orders (stop or limit)
A market order is simple a request is sent to the Forex broker to buy or sell a currency pair immediately at the best available current price. As Forex is a highly [...]
Automatic Forex System Trading
Automated or automatic Forex trading involves the use of a trading program that places trades for you without requiring any intervention. Automatic Forex trading systems are often sought out by individuals that wish to benefit from trading the Forex market without it being a full time job. If you’re looking for automatic Forex system trading [...]
Read more »Looking For A Forex Trading Strategy?
A popular Forex trading strategy is to use a combination of technical indicators to indicate entry/close signals. Many Forex trading forums discuss Forex trading strategies and this can be a good starting point to develop your own ideas.
Read more »Trading Foreign Currency Online
Online foreign currency (Forex) trading is available through most Forex brokers. Brokers will usually offer you a choice of trading with a web based application or a desktop application that is installed on your computer.
Read more »Automated Forex Trading
If you are looking for an automated Forex trading system you have a few options;
1. You could think about getting a professional trader to trade your money. Collective2 has an extensive list of Forex systems you can choose to trade, the trades are placed automatically by the trader and routed to your account automatically. This [...]
How Currency Trading Works
Q. How Does Currency Trading Work
A. Currency is traded in pairs (for example AUD/USD), the cross rate refers to how much of one currency you can buy by selling the other. If the quote for the AUD/USD is 0.94, this means I can buy 0.94 USD (94 cents) for every $1 AUD I own.
Now, lets [...]
Top 10 Forex Trading Products
If you are new to foreign currency (Forex) trading it is a great idea to take a course. While there is a lot of free information available on the internet sorting through it and trying to make sense out of it can be confusing and time consuming. A basic Forex course will teach you all [...]
Read more »Trading Forex With A Mini Account
Most popular Forex brokers offer Forex mini trading accounts. Mini accounts are great for traders new to the Forex market and for those who have limited funds. Forex mini accounts can be opened with as little as $250, whereas standard accounts generally require $2,500.
Read more »Free Forex Charts At Daily FX
The best way to access free Forex charts is to open a currency trading demo account with a Forex broker. Most Forex brokers have their own trading platform you can access the charts from and many also offer their data feed through the popular platform MetaTrader 4.
If you just want to have a look at [...]
Trading Currency As A Commodity
It is possible to trade currency as a commodity, however trading foreign currency (Forex) on the spot market is far more popular and has many advantages, including;
- No need to rollover contracts
- Futures contracts are generally for large dollar amounts, a Forex mini trading account will allow you to trade just $10,000 of currency
- The [...]
Learn Forex/Currency Trading Online
If you would like to learn Forex currency trading online you have come to the right place. This website contains many articles on basic information you need to know including;
- What currency trading is and all the technical terms you should be familiar with.
- How the Forex market works and when it’s open for business.
- [...]
What is Currency Trading?
Currency trading on the Foreign Exchange (Forex) market is the simultaneous buying of one currency and selling of another one. The currency pair used for the trade is called a cross. The most commonly traded currencies are referred to as the “majors”, these are; EUR/USD, USD/JPY, USD/CHF and GBP/USD.
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