Gap in FOREX: Definition, Features, and Strategy
Successful Forex trading requires not only a good trading system, but also understanding of all the market processes, their correct interpretation, and application.
Forex Basics
Forex Basics
Correlation in Forex
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.
Synthetic Currency Pairs
A synthetic currency pair is a pair artificially created by opening two opposite positions for other currency pairs in Forex.
“Dragon” Pattern in Forex
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).
“Head and Shoulders” Technical Analysis Pattern
“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.
“Flag” Pattern in Forex
The “Flag” pattern is a technical analysis tool in the Forex trading 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).
Classical “Pennant” Pattern in Forex
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.
Trading With a “Wedge” Pattern Using a Classical Strategy
The “Wedge” pattern is a technical analysis tool in the Forex that predicts the approaching market tendency (trend) change.
“Triangle” Pattern: Forex Trading Strategy
The “Triangle” pattern is a simple technical analysis tool in Forex which is a series of falling tops and rising bottoms (4 points are required to draw the pattern).
Divergence: to be or not to be
More specifically, we will test the divergence on classical indicators such as MACD, RSI, and Stochastic.
