Just Another Forex Trading Story Basically, a trader was once a beginner at some point in his/her trading life. ‘Forex trading is risky, it is like gambling’ are the words one is likely to hear from someone who does not know anything about this business. However, Forex trading story does […]
Trendline Breakout Strategy
Trendline Breakout Strategy TBS This strategy is a fantastic strategy that is commonly used in forex trading by experienced traders. Trendlines are lines drawn to connect two or more price wave turning points on a chart especially when a trend is formed. It is an important tool for Forex technical analysis […]
Harmonic Patterns
Harmonic Patterns Harmonic patterns are used for technical analysis and the main function is to predict future price movement. It is a trading strategy that works with Fibonacci retracement and extension ratios. However, the Fibonacci ratios used in the analysis and measurement of Harmonic patterns are 0.382, 0.50, 0.786, 0.886, 1.27, […]
Breakout Indicator
BPT MT4 Break Out Indicator by BLUE POINT TRADING In case you have been searching for a breakout indicator that you can install on MT4 on your Personal Computer, do not go very far. I stumbled on this site https://www.blue-point-trading.com/ and came across the beautiful indicator. The indicator helps you to […]
Introducing the Pips-Beantrapper Indicator!
Pips-Beantrapper Signal The Pips-Beantrapper is a combination of signals from two Meta Trader indicators. The indicators are Stochastic Oscillator and Awesome Oscillator. The above indicators signal are combined with the position of the currency pair candle bar to the 5 Linear Weighted Moving Average. The image below shows the conditions to be […]
How To Setup A Demo Trading Account – Strictly For Beginners!
Introducing The Beandicator Signal!
Beandicator Signal The Beandicator Signal is a combination of signals from five Meta Trader indicators. The indicators are Stochastic Oscillator, Accelerator Oscillator, Awesome Oscillator, MACD, and Average Directional Movement Index. The above indicators signal are combined with the position of currency pair price to the 50 simple moving average. Check Out […]
Support And Resistance
Support And Resistance Support and Resistance in Forex trading are levels where price is expected to reverse or bounce. They are simply “price turning point” levels. The support (demand) and resistance (supply) levels are areas where price is rejected once or in multiple times. Identification of support and resistance forms part […]
ELLIOTT WAVE PRINCIPLE
Elliott Wave Principle The Elliott wave principle, was discovered by Ralph Nelson Elliott and it is a technical analysis tool of Forex price movement that is based on sentiment of market participants. The Elliott wave principle works perfectly with price trends with respect to highs and lows of price, resistance, […]