October 23, 2019
Probably every trader came across the abbreviation of CFD, at least once. However, if you ask traders what this means, the answer in most cases will be something like this: “It’s a kind of Forex, but only for stocks.” In principle, it’s close to the truth
October 7, 2019
“Double top” and “Double bottom” patterns represent classic models of price behavior that occur after a long-lasting trend is established, while “Double top” pattern can be found after an established uptrend, and “Double bottom” pattern appears after an e
September 19, 2019
Timeframe is a way of grouping prices to display them on the chart in a more convenient manner. There are numerous types of timeframes, but the following ones are the most common through different platforms: M1 (one-minute); M5 (five-minute); M15 (fiftee
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 Forex 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 percen
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 visually resembles the Chinese dragon. The “Dragon” pattern consists of f
August 19, 2019
“Three-Drive” is one of the simplest, but effective patterns of classical technical analysis, also known as “Three Indians”. Its name suggests that the “Three-Drive” strategy involves an identification of three points. These points should be on the same
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