Technical Analysis
Becoming a trend following trader requires patience and time, but for those unable to consistently watch the market, this may be a solution.
Fibonacci Retracement is one of the most well-known technical indicator. There are forex traders who think of it as a real life 'magic', but there are traders who are unable to use it correctly.
Forex traders noticed a correlation between the Fibonacci ratio and prices in forex market. The result of this was the development and use of Fibonacci as a technical indicator.
Many traders think that Fibonacci is too difficult to be applied, but don't carelessly discard it. Read this first.
Technical analysis is based on three principles. Understanding them will lead to improved achievement in forex trading.
Moving Averages Convergence Divergence (MACD) is a lagging indicator, but is very useful on trending market. This article will reveal how we can predict price trend using this particular indicator.
This strategy could prove to be an easy way to look for trading opportunities. We only need to look at the price action signals for confirmation.
If there is one indicator most widely used by the big guns (i.e: financial institutions, banks, etc), it is the 200-day Simple Moving Average (SMA).
Pivot Points is a technical indicator commonly used within financial market to predict market movements based on previous prices.
Moving Average is an extremely popular indicator that is commonly featured in trading platforms. It helps trader to understand the overall pattern of price movement.