What are the Best Trend Indicators for the Forex Market?
The traders face a list of the tasks to be solved before entering the market. Determining the trend direction is one of the first tasks of the list. Moreover, there is no one common...
How to Use Multi Time Frame and Multi Currency Indicator
A professional trader usually needs analysis of several currency pairs, as well as indicators’ indications (sorry for that) on various instruments and timeframes. Multiframe and multicurrency complex indicators of currency pairs are used to...
Medium Term Trading Strategy Explained
Mid-term trading is the second after intraday trading (day trading) by popularity among the Forex traders. Such popularity is due to a good ratio of profits to the time invested in trading. Simply put,...
How to Use Elder’s Momentum Indicator?
Forex Strategy “Elder’s Momentum” is another Elder’s strategy (previously we considered the Forex strategy of 3 screens), based only on 2 Forex indicators:
Moving Average;
Momentum indicator;
as well as clear rules for entering and...
Forex Strategy Based on Andrews’ Pitchfork Indicator
Andrew’s Pitchfork Indicator is a classic indicator that displays trend lines, forming the actual price channel on the chart. Two last perform the resistance/support levels functions. The system was called such a way because...
How to Use ADX Indicator in Forex Trading?
ADX (Average Directional Movement Index) is a popular indicator that helps traders identify how strong and stable the current trend is. Introduced by a seasoned trader Welles Wilder, ADX is based on the other...
How to Use Overbought and Oversold Areas in Trading
For successful Forex trading, it’s important to understand what the terms “overbought” and “oversold” mean. How do you identify overbought and oversold areas? How do you use them to your advantage? We’ll cover these...
How to Use Alert Candlestick Pattern Indicators in Forex Trading
Candlestick patterns help traders understand the psychology behind trading. The most important thing is to learn how to interpret such patterns. While there are several dozens of candlestick patterns, most Forex traders focus on...
How to Use the Ravi Indicator in Forex Trading
Those traders, who prefer to trade with a trend, face a problem of receiving timely information. It’s not uncommon that a trader mistakes the beginning of a trend for a minor price fluctuation. They...
How to Use Trend Reversal Indicator on the Forex Market
Trend reversal indicators confirm the reversal signals generated by graphic patterns. Unfortunately, there is no such thing as a 100% accurate reversal indicator. Otherwise, traders’ lives would be too easy.
Before reading the article and...
