TOP TRADING STRATEGIES
The currency market corrects more than it trends. This means that an investor using the Elliott Waves Theory to count waves is mostly dealing with corrective waves rather than impulsive waves. The market can either form a simple or complex…
What Is a Bid-Ask Spread? Let’s first take a look at the basics of the bid-ask spread. Stock exchanges are set up to assist brokers and other specialists in coordinating bid and ask prices. The bid price is the amount…
What is a grid? The Forex grid system has become quite popular among traders because it’s easy to visualize and has some attractive advantages at first sight. These include: It is partially an automated system: You set up a grid…
Most traders are familiar with technical and fundamental analysis. There are several ways to use these two methods to analyse the forex market, but, in general, fundamental analysis examines the reasons that the market moves and technical analysis tries to…
This strategy is a basic scalping strategy that aims to make quick gains off of the day’s high or low. The rules for entry are very basic and easy to follow. Exit, on the other hand, requires you to make a judgement…
For professional traders, the analysis of support and resistance levels in the foreign exchange market is a key component of technical analysis. Here are some cases where you can use a support and resistance forex trading strategy on trend lines. Please note…