Swing trading is an approach to financial markets that appeared quite a long time ago. It should be3 noted that this is not a system but a style of trading. This means it can contain several tactics and strategies of market behavior.
December edition of Demo Forex 2019 contest starts Dec, 2nd. All you need to participate is register a RoboForex demo account and start trading!
In our strategy “Three Moving Averages”, we will use three MAs with different periods. One we will use for trend definition and the remaining three – for the entry and exit signals in the current trend.
On Forex, under a signal, we mean a complex of circumstances, indicators, and events that show the trader in which direction they should open a trade, in other words, whether they should buy or sell.
Everyone serious about trading on financial markets will inevitably face the necessity to choose a broker. The Internet is full of various offers and ads. At first glance, it seems virtually impossible to tell a lousy broker with a good advertising campaign from a trustworthy partner providing high-quality service. In this review, we will discuss the main criteria for distinguishing between them.
Indicators have long been introduced to the trading systems of many traders. As a minimum, they are of good help in chart analysis, as a maximum, they are the base of the whole trading system. Algorithmic trading, which means automatizing the work and creating trading robots, is also mostly based on the signals of various indicators.
Momentum is one of the simplest and most popular indicators among traders. As its creator, certain sources name a French mathematician Paul Émile Appell. This indicator helps define the trend direction and the speed of the price change.
Let us have a look at the main economic indices and their influence at the currency rates. The knowledge and understanding of these indices are the basics of fundamental analysis and forecasting of price movements.
Most often, beginner traders consider trading the trend to be a complicated process. Today, we are looking into a simple but efficient strategy called Surfing. Using such a strategy, any trader can pretend a surfer catching a wave to ride. However, here we will not just ride the market waves but will try to make a profit on their peculiar movements.
Before talking about strategies, it wold be better to find out what strategies exist at all, which strategy suits which trader and what strategy to choose. Searching for your best strategy through trial and error may take years, that is why this issue requires a systemic approach.