Forex is a short term name of Foreign Exchange. It involves buying and selling different currencies in a single market. It is like your local market where you buy a product for a certain amount and sell the product to different local market for a saleable amount. It is no different to currency trading. With … More What Is Forex?
A Pin Bar is a reversal pattern that has a long tail with small body. That also implies the rejection of the price thus it can signal us that the price will change its direction. For example, a bearish pin bar may seem like forming an arrow down thus, the direction of the trend signals … More Pin Bar Pattern
This pattern looks like a mirror of an Engulfing Bar Pattern. The preceding candle is engulfing the second candle. It is also a reversal pattern that can indicate the change in trend especially when this pattern is located at tops or bottoms. On a strong trending market, this can indicate a continuation pattern. To use … More Inside Bar Pattern
A bullish engulfing pattern is also a reversal pattern. Similar to the Bearish Engulfing Pattern but only the opposite. This is very useful on pullbacks on an uptrend move. In a Bullish Engulfing pattern, the buyers are in control of the market than the sellers, thus the movement changes and has more likely to have … More Bullish Engulfing Pattern
A bearish engulfing pattern can be used as a reversal pattern but you don’t have to trade all these whenever you see them on your chart. It only adds conviction on your trade so better use these patterns together with your indicators, or channels, or support and resistance levels. Soon, we will post more about … More Bearish Engulfing Pattern
Click on the pictures to see different ways to trade these patterns.
TradingView is a great software for you to see realtime movement of the market. It has a lot of tools to help you analyze the market using the drawing tool, computing tools, volume and indicators. 1. Symbol Search To Find Each Pair Lets you see the different currency pairs such as EURUSD, USDCAD, EURJPY, EURCHF,USDCHF, … More TradingView Walkthrough – Tools & Uses
These are some indicators you may begin learning to become a profitable trader. I highly suggest that when you see these indicators, try them out yourself and adjust the settings with the one that you prefer most. Indicators allow people to solve problem and make judgement quickly and efficiently. Mathematical calculations is based on the … More Basic Technical Indicators
1. Create an account on your specified broker such as Juno Markets or any brokers that represents the MT4 Platform. Click this links to open an account for Demo Account and Live Account 2. Download the MT4 Platform app in Playstore or AppStore or Download the MT4 software for you PC or Laptop in Juno … More How to Start Trading Forex Market using MT4 Platform