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 [...]
South Korea Planning Currency Intervention
South Korean authorities have indicated they will intervene if the volatility in the foreign exchange (Forex) market continues. The government and the Bank of Korea have concerns regarding the rapid declining value of the won and plan to keep a close eye on the Forex market.
Read more »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 »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 Are The Forex Trading Hours?
The Forex market is open 24 hours a day 5 days a week. This provides traders the opportunity to place trades at any time of the day or night. As we cannot all stay up 24 hours a day to trade Forex there are certain hours of the day where the market is relatively quiet. [...]
Read more »Free Forex Charts
Free Forex Charts are available on many popular currency converter websites. These websites generally only provide end of day prices, which may be sufficient for your needs. Many Forex brokers also provide daily Forex charts for free and include analysis of their expectations for the next trading session. This free service can be very useful [...]
Read more »An Introduction To Forex
With the increasingly widespread use of the internet, foreign currency trading has never been more accessible to investors. The participation of large international corporations, hedge funds and banks makes the foreign currency (Forex) market the most highly traded and most liquid market in the world. The Forex market is open 24 hours a day, 5 [...]
Read more »An Introduction To Forex Scalping
Scalping for quick small profits is a very popular Foreign Currency (Forex) trading strategy, requiring extreme discipline and focus. True Forex scalpers make between 10 and 100 trades per day. If a position goes against them they exit quickly rather than holding on and hoping that it will turn around. A Forex scalping system aims [...]
Read more »Use Money Management When Trading Forex
It can be very tempting to take your credit card out of your wallet in order to take advantage of a great opportunity for a trade in your top Forex trading system. However, prior to taking that credit card out, reflect that without sensible money management you could end up broke faster than you realize.
No [...]
Cracking the Forex Code Review
Let’s start off by being honest. The point of this post was to write a positive review about Cracking the Forex Code, to induce people to buy it. But the problem is I’m just not very good at lying. I’m starting to realize a sales career is probably not going to be an option.
When [...]
Forex Market Beginners Information
With over $1.2 trillion being traded every day it is easy to say that the Forex (Foreign Exchange) Market, is the largest market in the world. In fact this figure represents more turnover than all the world’s stock markets combined. When trading forex the currency of one country is traded against another. The exchange rate [...]
Read more »Use the ICWR Forex Trading System to Time Your Forex Trades
ICWR stands for Impulsive/Corrective Wave Retracement. The ICWR forex strategy is a list of conditions that traders use to determine entry and exit points in trading the forex market.
The ICWR forex strategy is based on a combination of the Elliott Wave Theory and Fibonacci ratios. Traders have found that corrective waves have a inclination to [...]
Chart Driven Forex Investors Push Euro Up
The Euro has been pushed upwards by chart driven Forex investors following the upward trend and also by Forex investors re-evaluating their interest rate expectations for the region and buying more Euro’s to invest in European assets.
In other news the Bank of England’s (BoE) inflation report contributed to pressure on the GBP as the Forex [...]
Introduction to Forex Technical Analysis (Part 1)
Every Forex Trader will have their own strategies in order to help them make money in the Forex market. We could easily divide the Forex traders in 2 major categories. First, the traders who will analyze all the related economic news to help them forecast the direction of the market commonly know as Fundamental Analysis.
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