Archive for the ‘Forex Strategies’ Category

To increase the profits, most of the investors and traders in share market include trend lines in their charts. As many traders use them, they have become very popular. They are the most attractive points on a trader’s chart that leads to more buying and selling. A trend line actually is a line that connects the low points to the high points of a particular pattern or trend. For instance, if you have a price trend in the upward direction, then you can join any two of the high points using a line to show the area where the resistance is high. You can also join two low points to show the region where the support will be strong.

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Investing and trading styles determine the nature of moving average, which is suitable for use. A simple moving average also abbreviated as SMA is an ‘unweigthed mean’. The calculations involve addition of closing price over a period divided by the total number of periods.

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Many people use traditional ways to trade in the forex market. However, divergence trading helps new traders to get a broader perspective of the forex market. It is not a new trading concept for experienced traders. In fact, divergence trading is a price action measured in regards to a forex indicator.

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If you are checking out the various opportunities while trading in the forex market, then your focus must be on predicting the continuations or changes that might arise in the prices. Most of the forex traders rely on technical processes to understand the trends in the forex market. Similar to the fundamental process, technical process also has leading and lagging indicators. The most reliable tool that the traders opt for predicting the market swings is the Elliot Wave analysis tool. You can use it to understand the market trends in a better way. It is also helpful in calculating a trend’s possible price target.

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