Intermediate

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...

Support and Resistance The point at which a trend stops or makes a pause is a support or resistance, depending upon the direction of the move. If it is not confined to a singular point, and reverses from a series of points, in a vicinity, then it is a support zone...

Moving average Moving average serves as the best indicator of trend. It takes up recent move and the past move into consideration for defining a trend. Therefore, erratic volatile price movements can be easily filtered and the real price action can easily be absorbed using the simple moving average or...

Technical Analysis Forex technical analysis is the method of studying historical price action by the use of charts, to forecast the future prices. A technical analyst studies the chart, identifies the trend which in turn identifies the demand and supply for an asset. If the demand is high for an asset,...

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...

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 analysisFundamental analysisSentiment analysis Types of Forex analysis We will look into all these three in detail. We will also see...

Forex market never closes. There are three major forex trading sessions and each of them starts during different times of the day. For example, when the New York market is going to end, Sydney market opens its day. The presence of different trading sessions influences the market movement. For example,...

2 Common Forex Trading Strategies When it comes to Forex trading strategies, we need to understand that there are countless ways to trade. Each individual follows a certain trading style which suits him well and he adopts some trading strategies that work for his trading style. Among the countless strategies...