Learn Forex
Forex markets: an introduction to the use of Japanese candlesticks in forex trading
July 20, 2010 · Leave a Comment
Japanese candlesticks are a form of plotting price movements on the chart which is far superior to the visual information conveyed by a bar chart. While bar charts concentrate on high and low prices, the candlestick also incorporates the opening and closing prices and gives a visual indication of market sentiment. The technique was originally used by the Japanese in the 18th-century in the rice futures market and this is how it gets its name. One of the most difficult aspects of forex trading to is the ability to predict continuation or reversals of price trends and candlesticks help to spot this... [Read the full story]
News
EUR / GBP – Breaks Through Key Support
June 13, 2010 · Leave a Comment
In the face of intense scrutiny by investors and traders, unsure of the Greek Crises and its possible ramifications on the rest of the European nations and the UK slowly gaining strength in economic growth, the EUR/ GBP has continued its downtrend over the last few weeks making lower lows as the 20 Period moving average has broken and then held as resistance. The EUR/ GBP broke through a significant support level of 0.8424 and tested 0.8205 as support. If 0.8424 is tested again as resistance and fails to break back above, then the downtrend is likely to continue. The downtrend appears to be following... [Read the full story]
Fundamental
Back to Basics: Fundamental vs Technical Analysis
April 29, 2010 · Leave a Comment
Fundamental vs Technical Analysis What you are about to read applies not only to forex trading where currencies are bought and sold but also to many other financial markets such as stocks, commodities and derivatives. Price movements create the conditions and the opportunities for profits (and losses!) and an astute trader will try and stay on top of the market by predicting which way prices are going to move. These price expectations will determine which currencies he is going to buy or sell and the timing of the purchase or the sale. Unfortunately, this is easier said than done because of the... [Read the full story]
Technical
The Importance of Volume In Technical Analysis For Forex Trading
May 19, 2010 · Leave a Comment
Though we have said that technical analysis focuses on price and volume, we have said relatively little about the role of volume so far. Volume is simply the number of contracts traded over a given period of time usually one day. The higher the volume, the more active the forex trading. Analysts look at the volume bars that are usually shown at the bottom of any chart and show the movement and trends just like prices… Volume plays an important role in technical analysis because it can be used to confirm trends or patterns on charts. Any price movements that are accompanied by high volumes... [Read the full story]
Brokers
xForex Review
August 21, 2009 · Leave a Comment
Performance: Trading Value: Ease of Use: Customer Service: xForex has a rather interesting interface and they are a platform that does not require any downloads your computer. Many people find this to be rather refreshing. They also boast some of the best customer service that is available in any platform, including 24-hour support chat on their Internet website and availability, five days per week, 24 hours a day. We tried out their Internet chat support and unfortunately, the JavaScript crashed before we were able to get in touch with anybody. One of the claims that... [Read the full story]
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Learn Forex - Latest Articles
Forex markets: an introduction to the use of Japanese candlesticks in forex trading
Japanese candlesticks are a form of plotting price movements on the chart which is far superior to the visual information conveyed by a bar chart. While bar charts concentrate on high and low prices, the candlestick also incorporates the opening and closing prices and gives a visual indication of market sentiment....
[Continue reading: Forex markets: an introduction to the use of Japanese candlesticks in forex trading]Forex markets: A step-by-step guide in using moving averages in forex trading strategy
As we have seen earlier, one of the most commonly used technical indicators in making buy or sell decisions in forex trading is the use of moving averages. We have also seen that there was no significant difference between the use of simple moving averages and exponential moving averages. They both produce the same...
[Continue reading: Forex markets: A step-by-step guide in using moving averages in forex trading strategy]How to use pivot points, support and resistance in actual Forex trading
Using pivot points as the basis of a Forex trading strategy has been around for a very long time and is now slightly out of fashion. It still remains an effective strategy, easy to understand and to implement and the arithmetic involved is minimal. The pivot level is the level at which the market changes direction...
[Continue reading: How to use pivot points, support and resistance in actual Forex trading]Read More Posts From Learn Forex »
Fundamental
Back to Basics: Fundamental vs Technical Analysis
Fundamental vs Technical Analysis What you are about to read applies not only to...
Select Economic Indicators for the Week Ending 11th September 2009 Unemployment...
Read More Posts From Fundamental »
Technical
The Importance of Volume In Technical Analysis For Forex Trading
Though we have said that technical analysis focuses on price and volume, we have...
Back to Basics: Fundamental vs Technical Analysis
Fundamental vs Technical Analysis What you are about to read applies not only to...
The USD appears to be moving in bearish trend and there are no signs of a reversal...
Read More Posts From Technical »
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