FX Trading Basics Archives - FX Traders Blog

EMA DIAGONAL ALIGNMENT STRATEGY

On October 9, 2018October 15, 2018 By beanfxtrader

EMA DIAGONAL ALIGNMENT STRATEGY This strategy combines two Meta Trader indicators to determine trade entry signals. The indicators are Exponential Moving Averages EMA and Awesome Oscillator. Below are the EMA settings and the images below also show the necessary conditions before placing a buy or sell trade on any currency […]

Just Another Forex Trading Story

On October 6, 2018October 7, 2018 By beanfxtrader

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

On September 30, 2018October 16, 2018 By beanfxtrader

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

On September 24, 2018October 10, 2018 By beanfxtrader

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, […]

Introducing the Pips-Beantrapper Indicator!

On September 18, 2018October 4, 2018 By beanfxtrader

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 […]

Achievable End Of Year Target For Newbies

On September 13, 2018September 21, 2018 By beanfxtrader

Achievable End Of Year Target For Newbies The achievable end of year profit target is analyzed in this article for new traders. Money management is one of the critical areas in Forex Trading that beginners should look seriously at when starting a trading career. Factors such as selection of the […]

How To Setup A Demo Trading Account – Strictly For Beginners!

On September 12, 2018September 19, 2018 By beanfxtrader

How To Setup A Demo Account Recently, many people have asked me to teach them how to trade in the Forex market. However, one cannot trade Forex without having a forex trading account: which can either be a demo (demonstration) account or live/real account. This article will show you images of […]

Introducing The Beandicator Signal!

On September 7, 2018October 14, 2018 By beanfxtrader

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 […]

ELLIOTT WAVE PRINCIPLE

On August 22, 2018October 11, 2018 By beanfxtrader

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, […]

Price Interest Point (Pip): Price Measurement

On May 20, 2018June 20, 2018 By beanfxtrader

The Pip Measurement A pip is the standardized unit amount of price movement or change in the rate of a currency pair in forex trading. It measures price movement just like weight is measured in gram or kilogram. It is generally used by Forex Traders to reference profit or loss. […]