A harmonic price pattern allows traders to pinpoint recent trend retracements. They essentially allow a trader to see the future, and if the conditions are correct, they will show that a trend is going to continue its current trend after a minor detour. This type of trend uses Fibonacci retracements and extensions to allow a [...]
If you are a news trader, you fall into one of two camps: a directional bias or a non-directional bias. If you are a directional bias trader, you are anticipating that news will affect a currency’s exchange rate in a certain direction and plan on capitalizing off of that change. Non-directional bias traders, on the [...]
Forex sites usually offer free demo accounts to their registered clients. These accounts have all the realities of trading associated with them yet carry none of the risk. Because you are trading with play money, you do not have to worry about losing your hard earned real money. This is called paper trading, and it [...]
Forex trade today refers to the exchange of currency and speculating on it in the open market. Everyday $4 trillion worth of Forex trade takes place worldwide. From being trade that could be done by only banks and financial institutions the market has today been made accessible to individuals as well. Beginning Forex trade is [...]