Forex Basics

September 17, 2019
Successful Forex trading requires not only a good trading system, but also understanding of all the market processes, their correct interpretation, and application. In technical analysis, you can often come across a phrase “gap in Forex”, which is a quite
September 7, 2019
Correlation is a statistical relationship between two and more random variables. The correlation coefficient usually varies from -1 to 1 or sometimes from -100 to 100. The correlation coefficient value of -1 means that there is an inverse 100 percent rela
September 6, 2019
A synthetic currency pair is a pair artificially created by opening two opposite positions for other currency pairs. As a rule, traders resort to the creation of a synthetic currency pair when a broker or a liquidity provider itself doesn’t have this curr
August 20, 2019
The “Dragon” pattern is a simple pattern of technical analysis that refers to reversal price models and its occurrence predicts the future change in the market tendency (trend). It is visually similar to the Chinese dragon. The “Dragon” pattern consists
August 19, 2019
“Three-Drive” is one of the simplest but effective patterns of classical technical analysis and also known as “Three Indians”. Its name suggests that the “Three-Drive” strategy involves identification of three points. These points should be on the same s
August 8, 2019
“Head and shoulders” pattern is probably the most famous of those occurring in the market and the one from which people start getting to know technical analysis and the market as such. This pattern is considered a reversal one that indicates a change in
August 5, 2019
The “Flag” pattern is a technical analysis tool that predicts continuation of the current market tendency (trend) and consists of two parts: the “flagpole” and the “Flag” (the channel within which the price moves). Here is an example. If we consider the
August 4, 2019
The “Pennant” pattern is a technical analysis tool; when the pattern is complete, trend continuation is expected. The pattern itself represents a temporary pause (retracement) in the actively developing trend. The “Pennant” pattern consists of two parts:
August 1, 2019
The “Wedge” pattern is a technical analysis tool that predicts the approaching market tendency (trend) change. The “Wedge” is visually similar to the “Triangle” pattern and only different in the way that both of its forming lines are facing in the same d
July 30, 2019
The “Triangle” pattern is a simple technical analysis tool which is a series of falling tops and rising bottoms (4 points are required to draw the pattern). Simply put, it represents two lines crossing each other and thereby forming a triangle. Here’s an