Forex Signals, Currency Trading, Economic News, Forex Blog

Whether you have been trading for years, or you’re new to the world of trading and have little or no previous experience, there are a few things that every trader should know. Here are a few top tips to help to make sure your trades are as consistently successful as possible… The most successful traders [...]

Technical analysis is not a tool used for prediction. It is used to assess the balance of probability in the market. Analysis identifies those outcomes which have the highest probability and those outcomes with reduced probability. Naturally, many people consider only those outcomes with the higher probability — and some slip into the error of [...]

Glenn Neely is an Elliott Wave expert who improved on the original theory and established a version of his own, which is called the NeoWave system. In these publicly available pdf slides, Neely revealed some of his most important discoveries in corrective chart patterns which filled some gaps in the original theory and improved the [...]

The Pivot Point System is a technique developed by floor traders, to help ascertain where the price is relative to previous market action. It can be classified as a technical indicator derived by calculating the numerical average of the high, low and closing prices, of any currency / index / stock etc. A look at [...]

A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up – or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal [...]

If there is one thing in the whole technical analysis panoply of tools, we would choose the Fibonacci retracement percentages ladder. It is not the place to enter into the theory behind these numbers but it is always amazing how well their use will help the trader-investor in his efforts to understand the markets gyrations. [...]

Anyone who has followed my forex trading educational material for any length of time knows that I do not promote the use of indicators as one’s primary market analysis or entry tool. Instead, I teach my students to trade off of a plain vanilla price chart by learning to read the pure price action that [...]

Many traders get stuck in the trap of trading the news by over analyzing every single economic report that comes out and trying to guess what the market will do in response to it. It is very easy to develop this bad habit if you do not have a clear understanding of why trading the [...]

Forget everything you have learned up to this point in your trading career, because if you truly want to master a new forex trading strategy you really need to wipe the slate clean of all the confusing indicator and software based trading systems you have likely used thus far. One of the biggest problems that [...]