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Price, trading volume and open interest
The price is not the only weighty factor to be considered while analyzing Forex market. Besides the currency exchange rate, its trading volume plays an important role, too.There is the postulate of the Dow Theory that tells that the trend m...
Unable to open position
One of the main reasons why you could fail to open a deal in a trading platform is typing in the investor password instead of the trader password. Please make sure that you enter your trader password in the authorization form.Another common...
Fibonacci numbers
The Fibonacci numbers is a theory, named after an outstanding Italian mathematician of the XII-XIII centuries, which affords to use numerical coefficients (Fibonacci numbers), which, in their turn, play an important role in forecasting the...
SAR (Parabolic Stop and Reverse)
The next technical analysis indicator which should be paid attention to in the process of Forex education is the Parabolic Stop and Reversal System (PSAR). This indicator was developed by the famous trader Welles Wilder, who contributed muc...
Support, resistance and trend types
The primary task of technical analysis of financial markets in general and the Forex market in particular is finding a trend on a plotted chart. The Dow theory discerns three types of trends: long-term, medium-terms and short-term trends. T...
Support, resistance and trend types
Moving average – the simplest type of technical indicators on the financial markets. Since these indicators of technical analysis represent the oldest type of analysis, they are frequently used by professionals and, consequently, are...
Bollinger bands
The idea of Bollinger Bands Technical Indicator (BB) is similar to MA envelopes, which were discussed in the previous chapter, and are used to identify the optimal points of opening position on Forex and other financial markets. Unlike MA e...
Trading platform
Trading platform is a software product by MetaTrader 4 which allows clients to get real-time information about trading in financial markets (to the extent determined by the company), perform technical analysis, conduct trading operations, s...
Chapter 4. Types of forex transactions
The concept of a forex exchange transaction is closely connected with financial conditions. We classify the precious metals market, the credit market, the stock market, and Forex as the financial markets where financial instruments are obje...
Chapter 8. Trading sessions
Despite the fact that Forex operates within 24 hours, there are certain time frames during which it can be more or less active in relation to transactions with different currencies. It can be explained by the working hours of the world’s ma...
Chapter 16. Forex trading vs. stock trading
Speaking about trading in financial markets, each type requires a particular approach from market participants. Financial markets embrace equity markets, crypto markets, Forex, and different commodity markets, including the gold market. You...
