Technically speaking, a moving average (MA) is not an indicator, in that it doesn’t indicate a currency pair’s future price path. Rather, it’s a visual illustration of past prices, a line on the chart showing where the currency pair has been instead of where it’s going. Read More…
Category : Basic Concepts, Forex Tags : Forex, forex basics, forex indicators
There are various considerations for traders seeking a broker. Here are two of the more important ones.
There are two major categories of brokers, with one subdivided:
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Category : Basic Concepts Tags : choosing a broker, forex broker
Stop loss orders in forex trading are rather like insurance policies: everyone needs them, but no one wants to be forced to actually use one. This is because a stop loss order is most often used to close a losing position, e.g., stopping the loss, and therefore when one is triggered, it means the trader is taking a loss.
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Category : Basic Concepts Tags : stop loss, trade order
With the shifting currents caused by the Eurozone peripheral debt crisis, it’s helpful for forex traders to understand why the U.S. dollar is suddenly rallying against the European currencies.
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Category : Basic Concepts Tags : forex trading, us dollar
Of the four prices comprising the price bar, the close is considered the most important, particularly on daily charts. Some traders set such store by the close that it’s the only price on their charts, which are drawn either as single-line graphs called “mountains” or as a series of dots. As well, a pattern of up-day or down-day closes can serve as a short-term indicator.
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Category : Basic Concepts Tags : profits, the close
