by Ahmad Hassam
Investors use Fibonacci ratios to project future levels of support and resistance based on previous price moves in the forex markets. In other words, previous price moves in the currency market determine where the Fibonacci levels will be placed.
Fibonacci analysis is used in determining and identifying the support and resistance levels during both the trend retracement and the trend continuations. It is based on a number of ratios derived from the Fibonacci sequence. This interesting and remarkable sequence was discovered by an Italian mathematician Leonardo Pisano in the 13th century.
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June 4th, 2009
by Slava Chian
eToro provides one of the best and most user-friendly forex trading platforms available anywhere.There are several factors that make eToro stand head and shoulders above the competition:
User-Friendliness. The platform is designed to make sure that you don’t have to waste time working out how to trade. The revolutionary interface does that for you, so you can concentrate on making trading decisions that really matter, with one click. Whatever your style of trading, all the forex tools of your fancy are at your fingertips.
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Etoro Is One Of The Most User-Friendly Forex Trading Platforms
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June 3rd, 2009
by Ahmad Hassam
Support and resistance levels are used by investors and speculators to determine how far they believe a currency pair will move between the two levels. This also tells them at what points the price action may turn around due to the buying or selling pressure and start moving in the opposite direction.
Sometimes, the markets change direction due to a shift in some underlying fundamental factor. The market change of direction due to the shift in underlying economic factors is strong enough to cause a currency pair to break through a previously established support and resistance level. When a previous support and resistance level is broken by the markets, new support and resistance levels are established. However, the broken levels may still have some influence on the market in the future.
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June 3rd, 2009
by Ahmad Hassam
You should learn technical analysis. It will give you the edge as a currency trader. It will develop your confidence in your ability and capacity to predict what will happen in the markets in the future.
But the most important setback with most of the technical indicators is that they are always lagging behind the markets. Lag means some of the price action has already taken place before the movement is reflected by these technical indicators.
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How to Calculate Support and Resistance in Forex Trading
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June 2nd, 2009
by Jane Calhoun
Despite a drastic economic downturn, it seems that mutual funds are still as popular as ever, with many people buying in through their retirement accounts or getting in at low prices. Mutual funds make investing fairly easy, compared to stocks. But one reason people lost money in mutual funds is that they didn’t know the mutual fund basics they needed to keep money safe. Although mutual funds are often touted as being easy to invest in and virtually no-lose investments, we know that’s not true, and learning more can help you avoid the losses we saw in the past year.
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May 30th, 2009
by Ahmad Hassam
If you want to become a successful trader, you should immerse yourself completely in the subject in order to find your edge. In case, you are already a winning trader than you should know exactly what your edge is.
Even the most advanced traders find it difficult to understand, interpret and trade the sharp moves often seen in the forex markets. By learning to read and interpret price action, you can develop a huge advantage for you as a trader.
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How to Trade Price Action in Currency Markets?
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May 30th, 2009
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