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Forex: the importance of the price action
Inviato il 26 October 2011 da Forex Staff
In this article are some reasons why every trader should consider forex trading according to the price action as an integral part of the range of trading instruments. First, it can be said that the price action provides the data more closely related to the trading representative in real time. When you do Forex following the price action leads to a series of interesting information about markets, not filtered through mathematical calculations, that characterize the often ambiguous indicators. Often the action is less vulnerable to price volatility due to fundamental news. Most systems based on indicators create great confusion in terms of ...
You lost a trading opportunity. What now?
Inviato il 9 September 2011 da Forex Staff
When you do Forex what you would ideally do is to open the first time all the positions that come out, perhaps by using a 4-hour chart. The real thing is that sooner or later we all will miss an opportunity to trade. But what do you do when it happens? How do you stick with a trading plan even if you lost a chance? When you open positions it is important to always open the same position if you want to reach a certain price level. These types of positions are called ...
Why is scalping so liked
Inviato il 19 August 2011 da Forex Staff
Doing scalping in the currency market is a tactic that the great part of traders try at least once. This way of operating brings few earnings, to a maximum of 3 times the spread in a short term that could be of some minutes, even less. Often it is seen as a risky strategy. But some other times it is described one of the most difficult strategies to earn money. Is it true? A problem with scalping is that it is not liked much by many brokers, for mainly two reasons. The first is that depending on their business ...
Using channels to do Forex. Part 2.
Inviato il 24 July 2011 da Forex Staff
If the chart creates a channel, the negotiation price will move for most of the time within the lower limits of the channel. This happens until the price itself cannot be contained anymore. The considered currency price, therefore, will break the channel and the price action will become very volatile. If the prices decrease within a channel that has an ascending trend, it is probable that the price increases could continue even in the future. The channel patterns in the currency market are often part of the models known as continuation of the trend, which indicate that after a brief pause in the ...
Using channels to do Forex
Inviato il 22 July 2011 da Forex Staff
The channel on a currency chart takes its name from the particularity of the price shiftings, that happen within a certain channel. The channel model is used to analyse a price action related to the form of the channel itself. The channel model helps in the short term forecast of price actions, since it is one of the most powerful and consistent models used in trading. A channel model is made by two trend lines that are tracked in parallel with each other. The higher line is the resistance while the lower one is considered to be the support line. The channel's chart ...
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