Types Of Forex Market Analysis

Types Of Forex Market Analysis

There are many ways in which a trader can analyse the forex market for potential trading opportunities. Whilst many traders only focus on one aspect of analysis, I find it much better to combine elements of each type of forex analysis. This way I can be sure that I have all angles covered when making my trading decisions. If there is conflicting information from each analysis, this can tell me that perhaps the trade position I was considering is not worth taking. In this forex analysis article, we will briefly touch upon some of the most important methods of forex …READ MORE

Five Powerful Candlestick Patterns

Top 5 Candlestick Patterns

Candlestick patterns are one of the key analysis strategies in forex trading that can help assist with your trading decisions. There are various forms of forex candlestick patterns which contain price action within them. This means that they tend to give a more reliable outlook of the current market conditions compared to potentially lagging technical indicators. Here we will take a look at some of the most powerful candlestick patterns. 1. Pin Bar candlestick pattern Pin bars are candlestick patterns frequently used for price action analysis when trading forex. A pin bar candlestick can be a great indication of the …READ MORE

How To Use Currency Correlations To Your Advantage

Currency Correlations Explained

To become a consistent forex trader, you need to understand how sensitive your entire portfolio is to the volatility in the forex market. This is important because forex currencies are traded in pairs. You should know the correlations of the different currency pairs and the way they change over time. Once you know them, you can use them to your advantage and to help manage you overall portfolio’s exposure. It can be easy to see the relationship between currency pairs once you know what to look for. If you are trading the GBP/JPY pair for instance, you are actually trading …READ MORE

What Is The Forex Economic Calendar And How To Use It?

What Is The Forex Economic Calendar And How To Use It

When trading forex online, the economic calendar is considered as an important fundamental tool. The purpose is to demonstrate news statistics, and it is simply necessary to focus on it while trading. The economic calendar publishes macroeconomic indicators and announces important events in the world of economics and finance, such as meetings of central banks, economic conferences, summits, and so on. All events are categorized into three types as per their impact: High impact Medium impact Low impact Naturally, the events related to the high impact category are more frequently used. The rest are not always considered as important, and …READ MORE

What Is Forex Sentiment Analysis And How To Apply It To Forex Trading?

forex-sentiment-analysis-explained

In this post I will be explaining what forex sentiment analysis is and explaining how you can successfully apply it to your forex trading. Forex sentiment analysis can be a very good thing to have in your trading arsenal, although it should be part of a much larger trading plan that incorporates other factors such as good forex trading discipline and good forex money management. No matter how good your sentiment analysis is, you would still need to be a disciplined forex trader and to have sensible money management in place. You should also look to include technical, fundamental and …READ MORE

What Is Forex Price Action Analysis And How To Apply It To Forex Trading?

forex-price-action-analysis-explained

In this post I will be giving a brief overview on what price action analysis is and explaining how you can start successfully applying it to your forex trading. Whilst price action analysis can be a good thing to have in your trading arsenal, it should only be part of a much larger trading plan that incorporates other factors such as good forex trading discipline and good forex money management. No matter how good your price action analysis is, you would still need to be a disciplined forex trader and to have sensible money management in place. You should also …READ MORE

What Is Forex Fundamental Analysis And How To Apply It To Forex Trading?

forex-fundamental-analysis-explained

In this post I will be giving a brief overview on fundamental analysis by explaining exactly what it is and how you can start successfully applying it to your forex trading. Whilst fundamental analysis can be a good thing to have in your trading arsenal, it should only be part of a much larger trading plan that incorporates other factors such as good forex trading discipline and good forex money management. Even with the best fundamental analysis in the world, you would still need to be disciplined and have sensible money management in place. You can also include technical, price …READ MORE

What Is Forex Technical Analysis And How To Apply It To Forex Trading?

forex-technical-analysis-explained

In this post I will be giving a brief introduction to forex technical analysis by explaining what exactly it is and how you can start successfully applying technical analysis to your forex trading. Whilst technical analysis can be a good thing to have in your trading arsenal, it should only be part of a much larger trading plan that incorporates other factors such as good forex trading discipline and good forex money management. I mean, you can have the best technical analysis and unicorn indicators in the world but if the afore-mentioned factors are not in place then forex trading …READ MORE