Forex brokers often have mobile app versions of their trading software. While this makes it easy to monitor your trades, it may not be such a great idea to trade on your phone.
The ultimate aim of indicators is to present market data in ways that encourage interpretation. But what various uses should you expect to extract from indicators?
If you ask any trader what data they take into account before taking a trade, chances are the word "confluence" is going to come up.
Among the many Forex technical indicators, moving averages continue to be one of the most popular trading tools out there. Due to the effectiveness, beginner traders through to seasoned professionals include them in their trading arsenal.
Identifying and drawing support and resistance levels are some of the first few things a novice trader learns in forex technical analysis. And depending on the instructor or trade academy, there are several ways to draw them on your charts.
One of the most widely used sets of tools in forex is the Fibonacci one. And the most common Fibonacci tools are Fibonacci retracement, expansion, arcs, time zones, and fan.
Pivot points are potential turning points for currency pairs in forex. Prices often react when they get close to these levels, offering trading opportunities to forex traders.
One of the strangest terms that might have come your way as a Forex novice is ‘broker’.
When developing a new day trading strategy, most likely, you'll find yourself asking whether to use indicators and which ones.
We used to study volume analysis with the VSA technique, as well as cluster analysis. Now it’s time to try it all in practice.
