Today we will talk about price action analysis, an important aspect of technical analysis on Forex. Price Action analyzes price behavior and patterns and can identify almost any market trend.
Author: Timofey Zuev
The beginning of this week of August is calm and extremely quiet: nothing new on the macroeconomic calendar, the news flow is smooth. However, the information is going to become more and more topical, while the rates of currencies and assets will fluctuate more actively.
In this article, we’ll talk about a group of indicators called xSuperTrend, application of which, together with certain rules, may provide trading on the Forex market with positive mathematical expectations.
Let us get started with the simplest questions: how did you find yourself in Forex? What was the reason for you to get interested in such a thing?
Let us talk about such a thing as goal-setting in trading. Earlier, my colleague has already touched on this topic in his post👇, which is a practical guide to setting goals in trading. In this post I decided to return to this topic and will try to delve into this problem from psychological side.
Psychology is an important part of a trader's success in the Forex market. Control over emotions (anxiety and trader's fear) is an intrinsic part of any trading strategy.
The Providec trading strategy is one of the simplest Forex strategies that I have ever seen: just two indicators than never close the price chart.
A large update, involving both the mobile and desktop versions, has been installed in the R Trader multi-asset platform. The update provided users with a bunch of new options, and the desktop version now features the Calendar of Corporate Events, extended statistics of the client's accounts, and 4 new indicators.
The truth is that MT5 features many more interesting functions that help in trading while MT4, to my mind, has too many limitations. Let us discuss some of them.
Synergy strategy may be used not only on Forex but also on futures and stock markets if there are indicators for the respective trading terminals.