Moving average is an indicator that is used to determine trend direction. Add all the data points of a specific currency pair over a specified time interval and then divide a total number of data points. This is a simple…
All Types of Forex Orders
Understanding types of Forex Orders is very important if you want to be in Forex for an extended period. All the Forex trading is done through brokers, and there are multiple brokers to choose from depending on where you reside,…
What is Quasimodo Pattern in forex
Quasimodo is the most important price action as well as a trend reversal pattern. This is the ultimate indication of a trend reversal in price. Many successful traders trade the Quasimodo pattern because this pattern is an indication of the…
What is forex Lot size?
In this portion, we will be studying what lot size is and how we can use it in Forex. What is Lot Size? Definition: The amount or quantity of a particular product requested to be manufactured on a specific date…
Cypher Pattern – A Geometric Pattern
Cypher pattern is a geometric chart pattern in forex trading technical analysis. Trading geometric chart patterns are far better than lagging indicators. Geometric patterns make some sense because of natural phenomena as everything in this universe has a specific pattern.…
How do I position a forex trade?
After reading the previous articles, you should now understand what Forex is and how it works. To enable you to trade efficiently, we will break down and learn about some of Forex’s most common basic terms. In the end, you…
Engulfing Pattern – A Price Action Pattern
This article is going to be very interesting for traders looking for price action strategies. Don’t confuse engulfing pattern with engulfing candle. The only difference between them is a difference in the timeframe. To master price action trading, learn the…
How to make money in forex
After understanding What Forex is, we will move on towards digging deep into making money in forex step by step in current and upcoming articles. Execution of your desired trade in Forex is very similar to what we do in other financial…