Forex Support And Resistance Levels 1: Introducti
Support and Resistance levels is one of the most commonly used technical analysis concepts in forex trading, so as a budding forex traders this is something we must know about. For something that is so common there seems to be a lot of confusion about support and resistance. That’s why we are going to run some articles to take you trough the learning process.
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I have been around for awhile now, and watched other styles come in , here is a bit of observation….
1) Each trade style for a certain pair/timeframe can be profitable.
2) There are extremely complicated and easy styles.
3) Only a few are EA, and mostly those are not as effecient as desired. (management issues)…
After 3-4 years of trading, I do know that there is not 1 trade style that fits all pairs all needs…
So, what can we say, there are the following self evident items in the forex market.
Spreading of trading opportunities can make more profit than concetrating on 1 pair.
Spreading of the same style can lose greatly if your not informed of what times/pairs/styles to use.
Forex Trading Times – When Is The Best Time To Trade Forex?
One of the questions many new forex traders ask about is forex trading times: When Is The Best Time To Trade Forex? Unlike other markets the forex market trades 24/7 (Actually 24/5). The forex market opens for business Sunday night (5 PM EST) and closes the doors again on Friday afternoon (4 PM EST). The forex trading times depends on which market is open. When the Asian market is closing, the European market opens, then the US market until the Asian market opens again.
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Forex Candlesticks 2: How To Read Candlestick Graphs
In the last article, Forex Candlesticks 1, we looked at the history of japanese forex candlesticks and how they are different from other kinds of bar graphs. We also touched on how to read them, how to determine opening and close prices and how to see highs and lows.
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Forex Candlesticks 1: Introduction
If you are reading this article you have probably run across the term “candlesticks” in forex trading and is wondering what exactly it means. You will use candlesticks a lot as a forex trader, so you may as well already learn what they are what they are used for.
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Scalpers, Day Traders and Position Traders - Different Types Of Forex Traders
One of the great and exciting things about forex trading and that makes it a really unique experience is that we can take profits from both price rises and price falls. I.e lets say we buy a EURUSD currency pair, and then once the price of the pair rices (EUR going up against USD), we make the equvivalent profit. If we sell the same currency pair we make profits once the EUR loses to the USD.
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FREE Forex Ebooks
There is a ton of good forex books out there, but on this page I will share some of my favorite forex books with you for free. I will be adding to them as this site gets updated, so check back again soon! If you are the author of one of these books and feel this violates your copyright please contact me at info@forextrading-tutorial.com and I will remove them.
Until then, here are some valuable reading for you:
1’st Forex Trading Academy: Introduction To Forex
John Forman: Candlesticks For Support And Resistance
Martin J. Pring - Peaks And Troughs
Money Management – The Key To Success (The 2%-6% Rule)
Forex Money Management is one of those topics that are less sexy than trading strategies and the latest hype, but it is never the less one of the most important factors to becoming a successful trader!Really money management is not specific to forex trading but to all kinds of investment that has variation built into it. The goal is to make losses small and profits big. This is what we talk about in money management. Don’t neglect this topic!
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What Is “Forex Moving Average”?
In this article we are going to study one of the most important indicators available, if not THE most important: Moving Average.
Before you go any further in learning about forex indicators, you MUST know about the forex moving average. It is the custom forex indicator that all traders regardless of level are using.
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Forex Trading Signals: Indicators Of Profitable Trades
Forex trading signals that most traders get comes from a chart containing some form of forex trading signals, but these forex trading signals, would work better if they were unique forex trading signals and not already in use by everyone else.
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