One of the great things about the forex market for individual traders and one of the reasons we are starting with the forex market as our first market specific course is the availability of real time demo accounts...
There are 4 main types of MA: Simple moving average Exponential moving average Smoothed moving average Linear weighted moving average...
Becoming Technical Analyst The first step in becoming a successful technical analyst is to learn how to read forex charts. Outlined below are some simple steps that every trader should take when first starting out with technical analysis...
Volatility measures how large the upswings and downswings are for a particular currency pair. When a currency’s price fluctuates wildly up and down it is said to have high volatility. Whereas a currency pair that does not fluctuate as much is said to have low volatility...
A quantitative trading system consists of four major components: Strategy Identification - Finding a strategy, exploiting an edge and deciding on trading frequency Strategy Backtesting - Obtaining data, analysing strategy performance and removing biases Execution System - Linking to a brokerage...
Developed by Adam White and published in August 1991 in Futures Magazine Used for determining whether a market is trending or congested, or about to change from one to the other Useful within a technical trading system to determine which indicators are best-calibrated to the current market...
There are 4 types of MA: Simple moving average Exponential moving average Smoothed moving average Linear weighted moving average...
What is a False Breakout? A false breakout takes place when price appears to be making a renewed move in the direction of the trend only to be retraced...
Technical vs. Fundamental Technical analysis is the art of studying past price behavior and attempting to anticipate price moves in the future. These are traders that focus solely on price charts and often times incorporate indicators and tools to assist them...
The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method by Jeremy du Plessis Point and Figure charts are one of the great secrets of the Technical Analysis world...
ADX indicator is used to determine the strength of the trend: +DI- Positive Directional indicator –DI - Negative Directional Indicator You do need to know that: The +DI Line is representative of how strong or weak the uptrend in the market is...
There is no one person or the author credited for creating Point & Figure chart. Point & Figures were adapted from a method used by floor traders in the 19th and pre-computer 20th century...
Spreads are based off the Buy and Sell price of a currency pair. Costs are based off of spreads and lot size. Spreads are variable and can change during news. Every market has a spread and so does Forex...
Step 1. - Locating the Trendline As a review, a trendline is a line connecting two or more lows or two or more highs, with the lines projected out into the future. Traders than look at these projected lines and look for future prices to react around those levels. Step 2...
Oscillators give traders an idea of how momentum is developing on a specific currency pair. When price treks higher, oscillators will move higher. When price drops lower, oscillators will move lower...
On a candlestick chart you have a candle for every period - for example, on a five minute chart you will have a candle every five minutes whether the price moved or not. In a P&F chart, a new notation is made only when price moves by a certain amount...
Strategy Tester For Traders General overview of the possibilities. Overview of results : Visualize a Strategy in the MetaTrader 5 Tester If you are thinking to buy a product on the Market : How to Test a Tading Robot before buying...
Similar to the 200-day Moving Average, large institutions often look at long term Linear Regression Channels. A Linear Regression Channel consists of three parts: Linear Regression Line: A line that best fits all the data points of interest...
Pivot points indicator consists of a central pivot which is surrounded by 3 resistance levels below and 3 support levels above. Pivot points initially were used by floor traders to analyze and trade the equities and futures exchange markets...
Trend following indicators were created to help traders trade currency pairs that are trending up or trending down. We have all heard the phrase “the trend is your friend.” These indicators can help point out the direction of the trend and can tell us if a trend actually exists...
