Chart patterns are a crucial part of the Forex technical analysis. Patterns are born out of price fluctuations, and they each represent chart figures with their own meanings. Each chart pattern indicator has a specific trading potential. As a result, Forex traders spot chart patterns to profit from the expected

Candlestick charts are arguably the oldest type of charts used for price prediction and it all started in the 1700s when Homma Munehisa in Japan became a legendary rice merchant for predicting rice prices using Candlestick Charts. Candlestick chart patterns are exceedingly popular in Forex trading because of their dynamic

In the investment sector, scalping is a phrase used on a daily basis to describe the “skimming” of small profits by going several times a day in and out of positions. In the forex market, scalping means trading currencies based on a real-time research package. By buying or selling currencies

Bollinger Bands are a technical indicator developed by John Bollinger. The indicator forms a channel around the price movements of an asset. The channels are based on standard deviations and a moving average. Bollinger bands can help traders establish a trend’s direction, spot potential reversals and monitor volatility. All of this

The Ichimoku Kinko Hyo (meaning ‘’One look equilibrium chart”) otherwise known as the Ichimoku Cloud or simply just Ichimoku is an incredibly versatile indicator that in the right hands can provide a trader with support and resistance, trend direction, momentum and even trading signals. This indicator is the most popular

Parabolic SAR is developed by Welles Wilder and first presented in his 1978 book titled New Concepts in Technical Trading Systems. Initially, Wilder named the indicator Parabolic Time/Price System but later reverted to Parabolic SAR. The name refers to the basic behavior of the indicator when integrated on a price

The simple definition of a day trade is a trade that is opened and closed on the same day. Day traders have no positions when they log off at the end of the day and don’t have to worry about overnight moves. Some day traders hold positions for very short

Forex scalping is a trading method that focuses on the smallest movements of a currency pairs or market, and the exploitation of this small movement by forex traders. Typically, a forex trader will not care about the direction of movement within a market, but will trade in a high volume

Swing trading is a short-term strategy for a trader who is buying or selling currency using technical indicators that suggest an impending price movement. This trend can span any length of time, ranging from days to weeks. Swing traders place a heavy emphasis on technical analysis as a means of