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Trading Guide

Japanese Candlesticks header image
Intermediate

Japanese Candlesticks

Munehisa Homma, a Japanese rice trader of financial instruments, developed candlestick charts in the 18th century. People used it to trade rice. A western author named Steve Nison introduced it to the western world through his book ‘Japanese Candlestick Charting Techniques’. He did deep research on candlesticks before publishing the...
Expert

Divergence

Usually, traders use oscillators such as Stochastics, RSI, and CCI to find out overbought and oversold levels. But there is another way to use these oscillators. It is called divergence trading. It is basically comparing the direction of the indicator with the direction of the price. Usually, the direction of...
Expert

Harmonic Patterns: The key to identifying reversals

Harmonic patterns are a type of complex patterns that you can notice in trading charts. The first of these patterns were used by H.M. Gartley. He introduced Harmonic patterns to the trading world in 1932. He developed a pattern called Gartley pattern and wrote about it in his book ‘Profits...
Expert

Elliott Wave Theory – Technical Analysis using Elliott Waves

Elliott wave theory is one of the most powerful theories that traders all over the world use to analyze the market. Most importantly, it provides a picture of current market psychology. Ralph Nelson Elliott, an American accountant and author, came up with Elliott wave theory in the 1930s. After his...
Intermediate

Forex Fundamental Analysis: An Introduction

Introduction to Forex Fundamental Analysis Forex Fundamental analysis is the method of ascertaining the intrinsic value of a currency pair based on economic events like interest rate, gross domestic product(GDP), consumer price index (CPI), producer price index(PPI), nonfarm payroll number(NFP, for the US) and political events. Interest rates in Forex Once...
analysis
Intermediate

Types of Forex analysis

There are countless ways to analyze the Forex market and make predictions. Among all those ways of analysis, these three types of Forex analysis are the most popular ones: Technical analysis Fundamental analysis Sentiment analysis Types of Forex analysis We will look into all these three in detail. We will...
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